Outsourcing your CFO needs reduces cost to the company. You get expert financial leadership without the hefty price tag of full-time salaries and benefits. Since the pandemic, salaries have increased significantly. On average, CFO compensation has risen by approximately 15-20% since 2019. CFO salaries often range from $230,000 to $360,000 per year. Performance-based bonuses and stock options typically add another 20-40% to the compensation package, bringing total compensation to around $276,000 to $504,000 per year.
But it’s not just salaries that are increasing. Employee expectations for benefits have also expanded significantly. With new regulations like the Family and Medical Leave Act (FMLA) and a growing focus on health, wellness, and family support, companies are expected to offer a wide range of expensive benefits. The total cost of health insurance, paid family leave, retirement plans, and other perks often adds an additional 30-40% to the CFO’s total compensation package. For example, a $300,000 salary could result in an additional $90,000 to $120,000 in benefits, making the total compensation between $390,000 and $420,000.
When you outsource CFO services, you’re not just hiring a single individual—you’re gaining access to a full team of professionals. Our outsourced CFO solutions include:
Seasoned CFOs from various industries with years of practical, hands-on experience in financial leadership, strategic planning, Human Resources and decision-making.
Experienced Accountants who provide essential support for day-to-day financial operations, ensuring accuracy in reporting, budgeting, and forecasting if selected.
Support Coordinators who streamline communication, document management, and project timelines, ensuring that everything runs smoothly from start to finish.
This multi-disciplinary approach means you’re getting a broader range of expertise and a full suite of services at a fraction of the cost of hiring an in-house CFO.
Sage CFO Group brings the benefit of immediate experience and insight—our CFOs have worked across industries and with companies of varying sizes, giving them a unique perspective on best practices and potential pitfalls. They’re ready to hit the ground running with strategic insights that can drive your business forward.
In addition to our team of experts, you gain access to advanced financial technology that might otherwise be out of reach. Our team leverages state-of-the-art reporting tools, customizable dashboards, and powerful analytics platforms to provide you with real-time financial insights.
These technologies allow for:
Enhanced decision-making with data-driven insights
Customizable dashboards tailored to your specific KPIs and business metrics
Streamlined processes that increase efficiency and reduce manual workloads
You benefit from the latest financial technology without the need to invest in expensive software or IT infrastructure. Our team ensures everything is set up and integrated.
The cost savings of outsourcing your CFO services are clear: no full-time salary, no benefits package, no additional overhead costs. This allows for financial flexibility and ensures that your business is equipped with top-tier financial leadership without overextending your budget.
Partnering with Sage CFO Group also means you won’t need to spend time recruiting, training, or onboarding a new hire, allowing you to focus your time and resources on growing your business.
Knowledgeable, experienced professionals at Sage CFO Group bring tailored financial leadership and strategic solutions to provide enhanced insight and planning for your business.
As a consultative partner, Sage CFO collaborates with your leadership team to gain understanding of the company goals and assist with making informed decisions to drive growth, profitability and ultimately achieve your vision.
Clients of Sage CFO Group gain access to robust reporting tools, customizable dashboards, and experienced professionals that will empower you to be proactive instead of reactive in the current fast-paced business environment.
Whether navigating complex financial landscapes or scaling operations, Sage CFO Group will provide insightful financial service, allowing you to focus on running the business.
