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A fractional CFO can be a game-changer for businesses of all sizes, from startups to companies generating hundreds of millions in revenue. Brennan de Raad, founder and CEO of Vessel Advisors, shared insights on how fractional CFOs provide expertise, flexibility, and financial clarity. Unlike accountants or controllers who focus on day-to-day tasks and precision, a fractional CFO’s role is forward-looking. They help business owners translate their visions into financial strategies, ensuring that growth plans are financially sound and achievable. Brennan emphasizes that fractional CFOs are particularly beneficial for companies looking to scale, optimize their operations, or prepare for a sale.
Leveraging AI and automation has also become a key part of financial management. Brennan noted that many businesses are not fully utilizing technology that could save them significant time and money. Whether it’s improving treasury management, automating invoice processing, or enhancing reporting accuracy, AI tools can streamline financial operations. These improvements are crucial for companies aiming for scalability and cost-efficiency. Brennan highlighted the importance of consistency, especially when it comes to financial reporting and analysis. By standardizing processes and utilizing technology, businesses can gain insights more effectively and make data-driven decisions.
When it comes to selling a business or preparing for an exit, the expertise of a fractional CFO can be invaluable. Brennan explained how clean financial records, accurate forecasting, and identifying valuable add-backs can make a substantial difference in business valuation. For example, if a company has been expensing items for tax purposes that don’t directly contribute to revenue generation, identifying and adjusting for these add-backs can boost the valuation significantly. This meticulous preparation is essential for passing financial due diligence and maximizing the value of the business at the time of sale.
Running a business as if you plan to sell it, even if you have no intention of doing so, is a mindset Brennan strongly advocates. It encourages disciplined, objective decision-making and helps ensure that financial operations are always optimized for growth. Brennan’s advice underscores the importance of having an experienced financial expert who can look beyond day-to-day operations and focus on strategic, long-term goals. Working with a fractional CFO offers companies the opportunity to access high-level financial expertise without the commitment of a full-time hire. It also brings the benefit of diverse industry knowledge since fractional CFOs often work across multiple clients and industries.
Whether a company is looking to improve efficiency, prepare for an exit, or simply gain better financial clarity, the insights provided by Brennan de Raad offer valuable guidance. Vessel Advisors’ approach highlights the importance of proactive financial management and the significant impact it can have on a business’s growth and profitability.
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Brennan de Raad is the Founder and CEO of Vessel Advisors, a CFO, Controller, and accounting services company with over 40 professionals dedicated to empowering business owners with financial clarity and control. With over 10 years of experience as a fractional CFO, Brennan has personally served over 50 businesses, representing over $800 million in combined annual revenue. His leadership experience spans a diverse range of financial events, including companies going public, acquisitions (both as acquirer and acquiree), and successful capital raises through venture capital, traditional banking, and private investment. Vessel Advisors offers fractional CFO, Financial Controller, and accounting services, providing clients with the financial insights and actionable recommendations they need to thrive. Brennan and his team are passionate about transforming accounting teams from cost centers into profit centers, enabling businesses to grow with confidence. Learn more about how Vessel Advisors can help your business at www.vesseladvisors.com
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Email: brennan@vesseladvisors.com
LinkedIn: https://www.linkedin.com/in/brennanderaad/
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Christopher Larsen is the founder and Managing Partner of Next-Level Income. Since “retiring” after 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years.
While completing his degree in Biomechanical Engineering and M.B.A. in Finance at Virginia Tech, he bought his first single-family rental at age 21. Chris expanded into development, private-lending, buying distressed debt as well as commercial office, and ultimately syndicating multifamily properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions.
In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.
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