A Fractional CFO usualy works a "fraction" of what a full-time employee would, usually 20 hours per week, but this may vary depending on your needs. A Fractional CFO works with your company to review and make improvements in accounting practices and business practices so your profit and loss will be a better and more accurate tool for decision making.

When a Full-Time CFO is needed to fill a gap due to the sudden departure of a CFO, or you need of a more senior executive during a transition that requires restructuring of the company’s cost, performance, and capital structure, we can provide an Interim CFO for a fixed period, usually for several months to one year. An Interim CFO is also an excellent choice during a Merger/Aquisition phase and can help evaluate and negotiate the deal.

Great question, but it really depends on the scope of service needed for the engagement. We begin by discussing the needs and goals of your company and then perform an in-depth analysis of your financial management strenghts and weaknesses. Even if you’re highly profitable, hidden weaknesses in financial controls could be holding you back. Or worse, they could mask problems that devour resources, hinder growth or future M&A opportunities. Truth is: What you don’t know might be hurting you. We dig deep, develop a plan, and present a plan of recurring services on a mutually agreed upon retainer basis.

Athena Financial Alliance is a professional service industry specialized in client accounting advisory services (CAS), leveraging Financial Technology (FinTech) and inspired to serve all organizations that have a need for professional financial management and leadership on the fractional or interim basis. As business structures become more complex, organizations with limited resources depend on future-forward financial planning and need to keep up with enterprise risk management as much as larger organizations. However, their existing workforce, processes, systems often cannot keep pace without effective financial leadership and management support. We exist to help organizations address this ongoing challenge, providing strategic insights to business owners and managers, setting up the stage for success, while helping their organizations comply with evolving rules and regulations.       

We perform our work remotely from the Houston, Texas area but also offer hybrid and in-office service to our clients in the area (including nonprofits and government agencies), depending on their needs and the scope of work. For our clients from outside the Houston area, we perform work remotely, but will travel to their offices to kick-off projects or at their requests for management and board meetings.

Our Fractional and Interim financial executives have vast experince on various platforms and systems, including:

We primarily work on your systems on-site, and if working remotely, we connect via a VPN protocol specified by you. If you require offsite or cloud-based systems or back-ups, we would be happy to design a secure encrypted system for you.

This usually depends on the size of your company and scope of work, however, our expertise allows us to learn business and financial performances quickly and most of the research for the scope of work is done before a project even begins.