/ Fractional CFO · Software & SaaS

Fractional CFO for Software & SaaS

SaaS finance is its own discipline. A fractional CFO who understands the real economics — and can fix the systems feeding your numbers, too.

01  The problem

What a fractional CFO brings to a SaaS company

SaaS finance is its own discipline. Recognized revenue rarely matches cash, the metrics investors care about are not on the standard P&L, and the difference between a fundable story and a confusing one is almost entirely in how the numbers are framed. Founders usually do not need more bookkeeping — they need someone who speaks ARR, runway, and the board's language.

A bookkeeper records what happened. A fractional CFO tells you what it means and what to do next — and for software & SaaS businesses, that judgment is the difference between scaling on purpose and scaling into a wall.

02  The work

What I own for software & SaaS businesses.

The specific finance work that moves the needle in this industry — not a generic CFO checklist.

01 ARR / MRR & SaaS metrics

ARR, MRR, net and gross retention, CAC, LTV, churn, and magic number — defined consistently and reported the way investors expect to read them.

02 ASC 606 revenue recognition

Ratable vs. point-in-time recognition done right, with deferred revenue and contract treatment that survives diligence.

03 Burn & runway

Cash burn and runway modelled against hiring, pipeline, and growth scenarios so you always know how many months you really have.

04 Board & investor decks

Board reporting and investor updates that tell a coherent financial story instead of a pile of disconnected charts.

05 Fundraise & M&A support

Models, data rooms, and the financial narrative behind a raise or an exit, built to hold up under scrutiny.

03  Why me

Real operating experience in this world.

This is squarely in my wheelhouse. I lead strategic finance and FP&A for Series B/C SaaS companies across the US and Canada — 3-statement models, driver-based forecasting around ARR, services revenue, headcount, utilization, and gross margin, ASC 606 revenue recognition, board and investor reporting, and an AI-native finance stack. I also led a sell-side M&A exit (a venture-backed company, acquired by a strategic acquirer), so I have built the model that gets a company through diligence.

/ The differentiator

Most fractional CFOs can’t fix the software feeding your books. I can.

Beyond the model, I am comfortable owning the finance tooling end to end. Steel City CFO's systems experience means I can stand up or clean up the stack — billing, accounting, and the reporting layer — so your SaaS metrics come out of a system instead of a heroic monthly spreadsheet rebuild.

That second service line — Financial Systems Architecture — is what makes the CFO work stick at a SaaS company: when billing and the systems behind it are clean, your ARR, deferred revenue, and burn come straight out of the stack instead of a spreadsheet rebuild.

05  Experience

Who you’re actually working with.

/ Who you work with

Big Four-trained, operator-tested.

Steel City CFO is led by Kevin Cosgrove, whose background runs from high-growth SaaS to a $50M+ construction and industrial group — exactly the range of finance problems this industry throws off.

  • Series B/C SaaS — independent fractional CFO work for venture-backed software companies (US + Canada): 3-statement models, ARR forecasting, ASC 606, board reporting.
  • Controller, $50M+ group — heavy-civil construction, asphalt, and real estate: WIP, covenants, multi-entity consolidation.
  • Prior fractional CFO — startups and mid-market firms across Canada: forecasting, lender reporting, finance ops built from scratch.
  • Sell-side M&A exit — led the finance workstream on a venture-backed company’s acquisition by a strategic buyer.

Big Four (PwC) trained. Hamilton-based, serving clients across the Golden Horseshoe in person.

07  Pricing

Pricing built for software & SaaS businesses.

A fixed-fee start, then a right-sized retainer.

Entry point
$750CAD · plus HST · fixed fee

The Diagnostic Audit. A focused review of your finances and the systems feeding them, with quantified findings and a clear recommendation. No retainer, no open meter — you get the map first.

See how the audit works
Ongoing
$1,500–$4,000per month · plus HST · fractional CFO

A right-sized monthly retainer once the foundation is clean: forecasting, reporting, lender and board support, and an operating rhythm you can run the business on. Scope and price scale to your size.

Book a Call
/ Next step

Need a fractional CFO for your software & SaaS business?

Book a call. We’ll pinpoint where your numbers are costing you and whether the $750 + HST Diagnostic Audit is the right place to start.