Fractional CFO Services · Minnesota

Fractional CFO Services for Minnesota Businesses

Experienced financial leadership for privately held companies that need clearer cash flow, stronger financial planning, and more confident decisions—without hiring a full-time CFO.

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Financial leadership built around your business

More than financial statements. A clearer path forward.

As your business grows, financial decisions become more complex. Revenue may be increasing while cash remains tight. Your team may produce reports without the analysis needed to guide decisions. A fractional CFO provides senior-level financial perspective on a flexible basis, helping turn financial information into practical action.

Herman Consulting, LLC supports privately held businesses in Minnesota and across the Upper Midwest. Our fractional CFO services are generally designed for companies with approximately $1 million to $50 million in annual revenue, depending on their needs and complexity.

How we can help

Cash flow management

Understand where cash is going, anticipate shortfalls, evaluate working capital, and build forward-looking cash flow projections.

Budgeting and forecasting

Build practical budgets, rolling forecasts, and financial scenarios to guide hiring, capital spending, and growth decisions.

Profitability analysis

Look beyond top-line sales to understand margins, cost drivers, and which products, projects, customers, or services create value.

Financial reporting and KPIs

Develop meaningful management reporting and key performance indicators that help owners spot trends and take action.

Banking and financing support

Prepare for lender conversations, organize financial information, and evaluate the financial implications of borrowing or investment decisions.

Strategic financial leadership

Gain an experienced financial sounding board for major decisions, operational priorities, and longer-term business planning.

When should a business consider a fractional CFO?

Sales are growing, but you still feel uncertain about cash flow.
You receive financial statements but need help interpreting what they mean.
You want to forecast the impact of expansion, equipment purchases, or hiring.
Margins are under pressure and you need to understand why.
Your business needs executive-level financial guidance but not a full-time CFO.
You are preparing for financing, ownership transition, or a potential sale.

How fractional CFO support works

We begin with a conversation about your business, your financial challenges, and the decisions ahead. From there, we identify priorities and determine an appropriate scope of support. Engagements can focus on ongoing financial leadership or a defined project, depending on what the business needs.

Frequently asked questions

What is a fractional CFO?

A fractional CFO is an experienced financial leader who supports a company on a part-time or outsourced basis, providing strategic guidance without the cost of a full-time executive.

How is a fractional CFO different from a bookkeeper or accountant?

Bookkeepers and accountants play important roles in recording transactions, maintaining financial records, and preparing financial statements or tax filings. A fractional CFO focuses on interpreting those numbers, forecasting, evaluating decisions, and helping leadership plan ahead.

Do you work with companies outside the Twin Cities?

Yes. Herman Consulting works with privately held businesses throughout Minnesota and the Upper Midwest, including businesses that benefit from a combination of remote support and on-site meetings.

Can fractional CFO services help prepare a business for sale?

Yes. Stronger reporting, better forecasts, and a clear understanding of earnings and cash flow can support exit planning and transaction readiness. Herman Consulting also offers dedicated exit planning and sell-side M&A advisory services.