Financial Management & CFO

Fractional CFO — strategic corporate finance for growth-stage companies

Senior fractional CFO support for startups, foreign companies operating in Israel and growing businesses. The engagement may include budgeting, cash-flow planning, financial models, management and board reporting, investor information and transaction preparation, according to the company’s needs and the agreed scope.

Annual budgeting and rigorous cash flow management
Burn Rate & Runway — calculation, monitoring and scenarios
Financial model and scenarios for the agreed planning period, based on management-approved assumptions
Investor & Board relations — decks, KPIs and pitch prep
Support with financial information and participation in investor discussions where included in the engagement
Organization of available financial and tax information for due-diligence processes, according to the agreed scope
Unit-economics and Rule-of-40 analysis based on the company’s data and reporting needs
Debt facilities, Venture Debt and FX hedging
mergers and acquisitions, exit and next-round preparation

Executive boardroom with financial dashboards — Outsourced financial management and Fractional CFO services

Strategic Corporate Finance

Fractional CFO support may help management organize budgeting, cash-flow planning, variance analysis and financial information for decision-making. The scope, frequency, assumptions and responsibilities are agreed with management in advance. This service pairs naturally with our startup CPA practice, foreign-company support in Israel, and statutory audit and assurance.

Annual budget build (Bottom-Up + Top-Down) with manager ownership
Weekly / monthly / quarterly Cash Flow Forecast
Periodic actual-versus-budget variance analysis and management follow-up
Analysis of SaaS, headcount and marketing expenditure for planning purposes
Break-Even analysis and path to profitability
Working Capital and collections / payables cycle management

Burn Rate & Runway — the company's lifeline

Burn rate and runway are planning measures based on the company’s cash position, expected receipts, planned expenditure, financing arrangements and management assumptions. We can assist with calculations and scenarios, while fundraising, cost and strategy decisions remain the responsibility of management:

Gross Burn and Net Burn calculations based on the available records and agreed assumptions
Runway simulation across revenue, funding and event scenarios
Cash-planning indicators for management review and decision-making
Deferred Revenue and credit facility monitoring
Fundraising timing is a management decision based on the company’s plans, market conditions, financing alternatives and available runway
Periodic dashboards for management and the Board, where included in the engagement and supported by the available systems and data

Investor Relations & Board readiness

Clear and consistent financial information can support board discussions. Depending on the agreed scope, services may include preparation of financial materials, review of assumptions, discussion preparation and participation in board or committee meetings. Management remains responsible for the information presented and the decisions made:

Monthly / quarterly Board Deck — consistent, professional structure
Cross-sector KPI Dashboard: SaaS, E-Commerce, Marketplace
Financial model and scenarios for the agreed planning period, presented in a format suitable for management and adviser review
Periodic investor-update information prepared according to the agreed reporting scope
Founder coaching before VC meetings
Preparation of financial information and participation in board or committee meetings where agreed

Financial model for fundraising

A financial model can help present management’s assumptions, revenue drivers, expenditure plans, cash requirements and sensitivity scenarios. Models are prepared from information and assumptions supplied or approved by management and do not predict or guarantee actual performance:

Revenue engines: SaaS ARR, Transactional Revenue, Marketplace GMV
Cohort Analysis and data-driven Retention Curves
Unit Economics: CAC, LTV, Payback Period, Gross Margin
Scenario Analysis: Base / Bull / Bear with adjustable assumptions
Cap-table and distribution-waterfall analysis for selected transaction scenarios and valuation ranges, based on the capitalization data and legal terms provided by the company and its advisers
Dilution Simulation for future funding rounds

Continuous Due Diligence & M&A readiness

Organized financial and tax information may help a company respond more efficiently to financing or transaction requests. Depending on the agreed scope, the firm may assist with periodic organization of available information and coordination with management and the company’s other advisers:

Data Room on DocSend / Digify / Google Drive with standard VC folder structure
Periodic organization of available financial records and coordination of supporting documents for due diligence
Review and organization of the fully diluted Cap Table, including SAFEs, convertible instruments and the option pool
Organization of available tax records and identification of open assessments, balances and matters requiring follow-up
Analysis of revenue, profitability and adjustments relevant to earnings quality, based on the agreed scope
Financial due-diligence coordination and information support for buyer or investor requests
Coordination with counsel (Israel + abroad), auditors and appraisers

Tailored flexibility for your stage

The level and frequency of CFO involvement are tailored to the company’s stage, reporting needs, transactions and internal resources. The engagement structure, responsibilities and points of contact are agreed in advance, with an emphasis on continuity and orderly knowledge transfer:

Engagement terms and fees agreed according to the scope and level of CFO involvement
Project-based: model build, Data Room prep, funding round support
Interim CFO — bridging between outgoing and incoming CFO
CFO involvement structured according to the company’s needs, reporting requirements and agreed engagement scope
Coordination with bookkeeping, payroll, tax and audit professionals when relevant to the engagement
Support for an orderly handover to an internal or full-time CFO, based on the agreed transition scope

FAQ

+What is a fractional CFO in Israel and which companies need one?

A fractional CFO provides senior financial-management support on a part-time or flexible basis. The appropriate level of involvement depends on the company’s stage, reporting needs, internal resources and planned transactions. The engagement scope, responsibilities, reporting frequency and points of contact are agreed in advance.

+How are fractional CFO services different from bookkeeping?

Bookkeeping records and organizes financial transactions. Fractional CFO support may include budgeting, cash-flow planning, management reporting, financial models, board information and transaction preparation. The division of responsibilities between bookkeeping, management and CFO support is defined according to the company’s needs and the agreed scope.

+How are startup burn rate and runway calculated?

Burn rate and runway are planning measures based on the company’s cash position, expected receipts, operating payments, financing arrangements and assumptions. The calculation and scenarios should be updated when material information changes. Fundraising timing is a management decision that depends on the company’s plans, market conditions and available financing alternatives.

+Does the firm actually attend investor pitches?

Depending on the agreed engagement scope, the firm may assist with preparation of financial materials, review of model assumptions, discussion preparation and participation in investor meetings. Management remains responsible for the information presented, the company’s statements and all fundraising decisions.

+What financial information belongs in a startup data room?

A Data Room may include financial, tax, corporate, commercial, employment and intellectual-property information requested for a financing or transaction process. The required folders and documents depend on the purpose of the review, the parties’ requests and the information available from the company and its advisers. The firm can assist with organizing available financial and tax information and coordinating related requests within the agreed scope.

+Which startup KPIs may be included in board reporting?

The relevant KPIs depend on the company’s business model, stage, available data and reporting needs. Depending on the agreed scope, reporting may include revenue, retention, margins, customer economics, cash, burn, runway, headcount and budget-versus-actual information. The content, frequency and recipients of each report are agreed with management.

+How much does a Fractional CFO cost?

Fees and engagement terms depend on the agreed responsibilities, expected level of involvement, reporting frequency and project requirements. The scope, points of contact and pricing structure are defined in advance and may be updated if the agreed work changes.

+When may a company move to a full-time CFO?

The appropriate time to appoint a full-time CFO depends on the company’s reporting complexity, financing activity, geographic footprint, internal team, governance requirements and management needs. The transition should be assessed according to the company’s circumstances rather than a single funding, revenue or headcount threshold. Where agreed, the firm may support an orderly handover of financial information and responsibilities.

Related service

Financial statement audit