[CONTENU PARTENAIRE] The Arms Droit des Dirigeants network has 150 time-share outsourced executives. Their operational missions are deployed around 6 areas of expertise: commercial management, human resources management, administrative and financial management, general management, marketing and digital communication management and franchise strategy and development management. Focus on the “administrative and financial management” (DAF) part with Régis Doiteau.
Why choose a timeshare DAF?
Not all companies necessarily need a full-time CFO. Moreover, many of them do not have a budget that will allow them to internalize an experienced executive in full-time financial management in the company. Another point: At BDDD, we also intervene in phases where a company executive goes on sick leave, is on maternity leave, etc. We then ensure continuity of service for companies on functions that are crucial and for which there can be no vacancy.
What are the main missions that the timeshare CFO will fulfill?
There is a hard core that consists of setting up cash and operating budgets and organizing their monitoring, both on a daily basis and over a 12-18-24 month horizon. Every month, we highlight management indicators. They will allow the manager to ensure that the company is well within the trajectory defined at the beginning of the year. To these missions are added more specific tasks such as updating the cost price to check if the structure earns money on all of its activities. We will also optimize the company’s internal organization in order to identify risk areas and secure processes. On the basis of all this, which constitutes the heart of our missions, we are going to be called upon on a multitude of other subjects. They can be of a strategic nature such as, for example, an external growth project.
For which company profiles, is the shared DAF the most suitable response?
It is the answer best suited to the needs of VSEs/SMEs, which make up 99% of the French business market. Remember that there are companies totaling 50 million in annual turnover that do not have a financial director. It may come as a surprise, but it is an established fact. The same goes for start-ups where there is virtually no structure and which today represent 15% of our clients. In the latter, our interventions are generally beneficial for managers and investment funds who are reassured to find a financial contact for support.
What is the career path of the CFOs who join your network?
They must have, necessarily, 10 years of experience as CFO, RAF, etc., and have worked within French SMEs. The paths are varied, some have worked in a consultancy firm or through internal audit, or even through the banking world.
In addition, beyond the verification of technical abilities, the know-how of the person will count enormously and will also be the subject of a serious evaluation.
Is the time-sharing DAF model developing?
Indeed, the demand is growing. The model has existed for about ten years, but it is a profession that is developing more and more and is enjoying success throughout France. More and more companies realize that they have the possibility (without having to make tens of millions of euros in turnover) to have an experienced and immediately operational framework. On average, the duration of the mission is 12 to 18 months. 80% of our missions last more than 6 months with a very high renewal rate (80%).
This content was produced with SCRIBEO. The BFMBUSINESS editorial staff did not participate in the production of this content.