Schule Kapital · finance director
Fractional CFO in Montenegro
Yes. Schule Kapital in Podgorica offers a finance director as a monthly package, the arrangement often called a fractional CFO: a monthly report for the owner, controlling (budget, variances, cash flow) and dealings with banks, for a company that does not need a finance director in-house every day. When the company enters a transition or a crisis, the same role grows into an interim finance director, typically for 3-12 months.
We reply on the next working day. We name the fee in writing, in our reply to your inquiry. Scope and timing are confirmed in writing before work starts.
Morača river · Durmitor · Kotor
01Two formats
Two formats
Finance director: monthly package
A lighter mandate for a company that does not need a finance director in-house every day: a monthly report for the owner, controlling (budget, variances, cash flow) and dealings with banks. When the company enters a transition or a crisis, the same role grows into an interim finance director.
Interim finance director
Temporary or extended role in a company going through transition - generational, acquisition, crisis. Prepares decisions and recommendations, attends board meetings, prepares material for owners and regulators. Does not sign on the client's behalf or take responsibility for decisions: the owner signs. Typically 3-12 months. Interim finance director mandates in private firms grow the company to a level where an internal CFO becomes a justified cost - we engineer our own exit.
02How the mandate runs
How the mandate runs
- 01
01Mandate
Inquiry: owner, the problem to solve, financial statements for the last three years. NDA signed before we see materials. We name the fee in writing, in our reply to your inquiry. We say whether the mandate is for us; if not, we recommend a colleague, even a competitor, who fits better.
- 02
02Plan & pricing
Within 5 working days: mandate scope, timeline, pricing package. Fixed or fixed + success fee combination. No hourly billing. All written in a 5-10 page mandate proposal you sign before we start.
- 03
03Execution
Weekly meeting with owner (60 min). Condensed monthly reports in owner's format, not accounting. Owner signs all decisions, we prepare the materials and recommendation. 24/7 access to us for urgent decisions.
- 04
04Delivery
Final document or completed transition. Internal team briefing 60-90 min. Stabilization period 30-90 days as agreed - we remain available for questions at no extra charge. Many clients stay on retainer afterwards.
03Questions
Questions
What is the difference between the monthly package and an interim finance director?
Finance director: monthly package: A lighter mandate for a company that does not need a finance director in-house every day: a monthly report for the owner, controlling (budget, variances, cash flow) and dealings with banks. When the company enters a transition or a crisis, the same role grows into an interim finance director. Interim finance director: Temporary or extended role in a company going through transition - generational, acquisition, crisis. Prepares decisions and recommendations, attends board meetings, prepares material for owners and regulators. Does not sign on the client's behalf or take responsibility for decisions: the owner signs. Typically 3-12 months. Interim finance director mandates in private firms grow the company to a level where an internal CFO becomes a justified cost - we engineer our own exit.
Does the finance director sign on behalf of the company?
Temporary or extended role in a company going through transition - generational, acquisition, crisis. Prepares decisions and recommendations, attends board meetings, prepares material for owners and regulators. Does not sign on the client's behalf or take responsibility for decisions: the owner signs. Typically 3-12 months. Interim finance director mandates in private firms grow the company to a level where an internal CFO becomes a justified cost - we engineer our own exit.
What does it cost?
The fee depends on the scope of work and is set in writing before work starts. Published fees are on the "Fees and how we work" page. Fees and how we work
04Sources
Sources
Statements on this page come from these primary sources; numbers in brackets are articles. Sources checked on (schule.co.me).
05Where to go next