Challenge
A carbon capture technology company needed stronger financial leadership than its existing team could provide. The in-house accounting function lacked the sophistication to deliver the caliber of financials required by investors and the board.
Most critically, the company needed robust forward-looking financial planning, including:
- Cash flow forecasting
- Income statement forecasts and budgets
- Balance sheet forecasts
- Cash flow statement forecasts
These needs were amplified by a highly complex pipeline of projects requiring significant capital allocation planning, percentage-of-completion (POC) accounting milestones, financing considerations, and careful coordination of the company’s equity, debt, and cash flow requirements. Without this discipline, leadership and the board lacked the visibility needed to make confident strategic and capital decisions.
Compounding the challenge, the company was operating under a very tight budget with no funding to hire a full-time CFO—yet it still required senior-level financial leadership to meet investor and board expectations and to support its next stage of growth.
Solution
FSI stepped in as a fractional CFO, providing senior financial leadership to strengthen reporting, elevate the quality of the company’s financials, and build the forward-looking planning capabilities the business required. This model bridged the gap with a cost-effective solution—delivering CFO-level expertise without the expense of a full-time hire the company could not yet fund.
FSI worked alongside management and the existing accounting team to deliver:
- Investor- and board-ready financials — reporting aligned with the expectations of sophisticated stakeholders
- Integrated forecasting model — linked income statement, balance sheet, and cash flow forecasts and budgets
- Capital allocation planning — prioritizing investment across a complex, capital-intensive project pipeline
- POC accounting & milestone tracking — aligning revenue recognition with project progress
- Financing & capital structure analysis — evaluating equity, debt, and cash flow needs to support growth
- Board & management reporting — clear, decision-ready visibility into performance and outlook
This gave leadership a single, coherent view connecting operations, project economics, and the company’s overall capital position.
Impact
FSI’s fractional CFO engagement delivered excellent transparency to the board and management team, transforming financial reporting and planning from a limitation into a strategic asset.
The company gained reliable, forward-looking visibility into its financial position and capital needs—enabling more confident decisions around project investment, financing, and growth.
- 3-Statement — Integrated Income Statement, Balance Sheet & Cash Flow Forecasting
- Investor & Board — Elevated, Decision-Ready Financial Reporting
- Complex Pipeline — Capital Allocation & POC Milestone Planning
- Equity, Debt & Cash — Clear Visibility into Growth Financing Needs
- Cost-Effective — CFO-Level Leadership Without a Full-Time Hire
The engagement continues to support better visibility for strategic decision-making and for managing the equity, debt, and cash flow needs central to the company’s growth.