Hiring an in-house CFO puts a financial strain on your business. By renting CFO, you’re able to save that money and invest where it is needed the most. We know that employees in any company wears a lot of hats, the in-house CFO ends up spending time doing task that are not essentially related to the financial goals. Hence, the CFO is not truely focussing on financial related tasks, when necessary and this proves to be disastrous for the companies. And when you outsource the service, the financial matters are dealt with firmly. The outsourced company handles the financial data as the virtual CFO is not pulled in other tasks or the projects. And third party financial management means better control, and check on fraudulent activities. The regular CFO works with the office team, and they collaborate on various projects and help out each other, when needed. Due to strong bonding, the data, financial situations and passwords could be shared.