Joakim Thörring
CFO Services
The fractional CFO approach
"As an experienced international CFO, I provide startups, scaleups, and small to mid-sized businesses with the financial expertise and strategic leadership they need—without the expense or commitment of hiring a full-time executive.
My flexible approach ensures you have access to the same high-level financial insights and guidance that large corporations depend on. Whether your goal is to streamline financial operations, optimize cash flow, establish robust budgeting and forecasting processes, or develop a strategic roadmap for growth, I will work closely with you to achieve your goals.
Our collaboration can be tailored to your needs, whether on a project-by-project basis or through an ongoing retainer agreement. We will find the right solution to help your business thrive."
Service Areas
Interim CFO
Interim CFO services provide experienced financial leadership during transitions or periods of change. This service ensures financial stability, strategic planning, and continuity while addressing immediate challenges such as cash flow management, team oversight, and stakeholder communication. Key deliverables include stabilizing financial operations, and guiding the business through critical events like fundraising, restructuring, or scaling. As Interim CFO I act as a trusted advisor, ensuring uninterrupted financial leadership.
Strategic Financial Leadership
Strategic Financial Leadership focuses on aligning financial and operational processes with the strategic goals of the owners, board, and management. A key aspect of this service is analyzing and identifying areas for improvement, as well as implementing the necessary processes to monitor and evaluate progress effectively. It requires a deep understanding of the specific requirements of various stakeholders—such as the board, owners, investors, banks, customers, vendors, and employees—to ensure their needs are met. Financial modeling, whether for organic or inorganic growth strategies, plays a crucial role in delivering value in this area, enabling informed decision-making and robust financial planning.
Governance
Governance services involve establishing the documentation and processes needed to comply with statutory requirements while aligning with the company's unique needs. This includes ensuring all company documents meet best-practice standards and support the interests of management, owners, and the board. It also entails planning for worst-case scenarios to help the company mitigate risks related to ownership, management, or unforeseen challenges. A strong governance framework includes setting up processes and procedures that promote effective business controls. This involves implementing decision/approval matrices and separation-of-duties controls to enhance accountability and minimize risks.
Financial Planning & Analysis
Financial Planning and Analysis (FP&A) is the backbone of value-driven financial management. This service includes establishing tools, systems, metrics, processes, and review cadences to create robust budgeting and forecasting practices. It begins with understanding key business data—how to capture, enrich, and report it regularly—and collaborating with management across all business areas, such as sales and operations, to identify profit drivers. FP&A services also involve defining and implementing effective management review cadences. These reviews address performance gaps, establish actionable roadmaps, and deliver updated financial forecasts, ensuring the company stays on track with its financial goals.
Cash Flow Management
Managing cash flow is a critical but often overlooked task, especially during periods of strong business performance. Effective Cash Flow Management ensures preparedness for cash-related challenges and opportunities. This service includes developing detailed reporting and forecasting tools, as well as improving working capital management. It involves establishing clear contract terms to reduce overdue accounts receivable, negotiating optimal payment terms with vendors, and maintaining strong relationships with banks. Additionally, it focuses on creating a capital and cash contingency plan to navigate potential cash flow challenges confidently.
Finance Transformation
Finance Transformation involves a comprehensive evaluation of the finance organization to optimize who does what, how, and when. It aligns the roles and responsibilities of the finance team with the business's needs while streamlining and automating as many tasks as possible. This includes assessing tools and systems to ensure seamless integration and minimizing manual or repetitive processes. Knowledge management is a critical component, involving the documentation of roles, responsibilities, deliverables, desk procedures, and system access. The ultimate goal is to create an efficient, agile finance function that supports business growth and adapts to change seamlessly.
About me
Accomplished CFO with over 25 years of strategic financial leadership experience across different industries, including professional services, IT, and Medtech. I bring 14 years of international experience in financial planning, operations, and governance from a global IT leader, complemented by a strong hands-on approach for mid-sized organizations. My career spans multiple CFO roles in complex global organizations with a focus on financial excellence, governance, and organizational efficiency.
Get in contact
Curious about how I can help your business thrive? Let's connect to discuss your challenges and explore how my expertise as a Fractional CFO can drive your success.
Joakim Thörring / Dragør, Denmark / phone: (+45) 20 49 80 40 / email: joakim@thorringcfo.dk