Outsourced CFO (Chief Financial Officer) services involve hiring a professional or a firm outside of your company to handle strategic financial responsibilities typically managed by an in-house CFO. These services can vary widely but often include financial planning and analysis, budgeting, forecasting, financial reporting, cash flow management, and strategic financial advice. Outsourced CFOs provide expertise and guidance tailored to the specific needs of your business without the cost of a full-time executive. This arrangement allows companies to access high-level financial expertise on a part-time or as-needed basis, which can be particularly beneficial for small to medium-sized enterprises (SMEs) looking to manage costs while still obtaining crucial financial insights and support.