Fractional CTO Services

What is a Fractional Chief Technology Officer?

A Fractional CTO is a part-time Chief Technology Officer who provides strategic technical leadership and solutions to the companies. It is a perfect option for companies that lack technical expertise, need improvement in the area of project management, or want to quickly deliver a fully functional MVP to the market.

Since a Fractional CTO operates on an on-demand basis, it allows companies to effectively close the current tech gaps and consolidate the team while saving costs and targeting specific areas for improvement.

Top benefits of hiring a Fractional Chief Technology Officer:

Reduced costs

Collaboration with this specialist is more affordable than hiring a full-time technology leader, but the level of expertise and knowledge is the same.

Quick delivery

SoftTeco’s Fractional CTO immediately starts working on specific issues that you highlight and delivers results within the first few weeks of work.

Rich experience

Proficient in a wide range of domains and technologies, our experts can handle any tech challenge of yours and apply their skills and knowledge to leverage your business.

Optimization and reorganization of processes

A part-time chief technology officer provides an expert evaluation of your current processes, identifies bottlenecks and suggests actionable recommendations.

Innovative vision

We offer a fresh take on your business through innovative ideas and a comprehensive analysis of its main strengths and areas for improvement.

Access to technical talent

Fractional CTO acts as a technical leader, playing a major role in defining technologies and proposing the most suitable tech solutions for your specific company.

Who Can Benefit From This Service?

Not sure whether you need to hire a Fractional Chief Technology Officer? If your company matches one or more points, the answer is a definite “yes”:

You have a limited budget but need strong technical leadership and support

Your in-house team doesn’t have sufficient technical expertise

You are in the stage of rapid growth and need assistance with further development

You need a CTO for a specific project

You want to try working with a part-time CTO before hiring a full-time expert

Need a quick technical boost or expert guidance to leverage your business?

Tap into SoftTeco’s Fractional CTO services and start putting your ideas into shape through top-tier project management and optimization of internal processes.

What Does a Part-Time CTO Do?

A Fractional Chief Technology Officer performs the same tasks as a regular Chief Technology Officer – but unlike full-time involvement, Fractional CTO focuses on a specific task that you need assistance with. Be it team management, selection of technologies, or definition of the short-term strategy, SoftTeco’s experts will tackle your challenge.

Learn more about SoftTeco’s Fractional CTO services:

Development of a Technology Strategy

Not sure which technologies will work best for your project or how to evaluate your assets? Our Fractional CTO will shape your technology strategy and will take an active part in outlining a clear and actionable product roadmap.

Definition of the tech stack and the project roadmap
Definition of needed resources
Design and implementation of project architecture and processes

Management of Vendors and Budgets

Management of multiple vendors and correct budget estimations may seem confusing, especially for fresh startups. A Fractional CTO can help you set up scalable processes and frameworks for effective management of your vendors and for accurate and reasonable budget calculations.

Selection and management of the right vendors
Budget calculation and allocation of resources
Definition of the compensation criteria

Team and Project Management

Consolidate your team, attract top talents, and establish transparent processes with SoftTeco’s fractional Chief Technology Officer. Our experts have years of experience in team and project management and will apply their skills and knowledge to your project.

Team management
Project management
Cross-department collaboration

Quick MVP Delivery

An MVP is an effective way to test your product idea, collect real feedback from users, and start the development at a convenient pace – but it also has several hidden rocks. An expert Fractional CTO will advise on the best tech stack for your MVP and will oversee its coherent delivery.

Definition of MVP features and tech stack
Product design
Definition of the implementation strategy

Definition of the short-term strategy and company enhancement

Define a clear and actionable strategy and learn how to leverage your company through right positioning and talents with the help of a Fractional CTO. Based on careful analysis and strong industry knowledge, our specialist will set a strong foundation for your future growth.

Comprehensive analysis of the company
Assistance in hiring top talents
Development of a short-term strategy

Advantages of a Fractional CTO

Fractional CTO services are becoming increasingly popular with the companies – here are the top reasons why:

Great expertise at a lower cost

The only difference between a part-time CTO and a full-time Chief Technology Officer is the engagement model. Otherwise, a Fractional CTO has the same skills and knowledge as a full-time professional and can perform the same duties but at lower costs.

Quick delivery of results

A Fractional CTO is usually hired for a specific project in your company. Hence, this approach leads to immediate action and quick delivery of results since the Fractional CTO focuses solely on one task.

Improved efficiency

Is your company a hidden gem that has not yet unleashed its full potential? An experienced Fractional CTO will skillfully define your potential opportunities and create a detailed strategy for growing your company with the most suitable assets and technologies.

Discovery of hidden opportunities

MVP creation and delivery

A high-functioning MVP can become a starting point for your company’s success – and a Fractional CTO can help you quickly deliver it. Our specialist will not only design the architecture and functionality of the product but will also take an active part in its launch and promotion.

When to Hire a Fractional CTO?

Check whether any of the points below meet your current situation – if yes, it might be the best time to hire a Fractional CTO:

Your team lacks a technical leader or a technical founder

You have a product idea but don’t know how to best implement it

You want to upgrade your MVP but lack strategy and vision for that

Your departments cannot collaborate effectively, thus creating bottlenecks

You don’t know how to build up an effective partnership with vendors

You plan to secure the next round of funding and need a strong technical backup

Engagement Models

If you have a fixed budget and need assistance with a specific project, SoftTeco offers the fixed price engagement model. It is perfect for projects with clear deadlines and deliverables when you clearly understand how exactly a Fractional CTO can help you.

If you have a long-term or complex project or need ongoing assistance with various tasks, we recommend the T&M (Time and Material model). You pay exactly for the work done and can upscale or downscale the Fractional CTO service as needed.

How SoftTeco Can Help

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Vast experience and strong technical knowledge

SoftTeco’s experts have strong technical and leadership skills and experience in various domains and in projects of different size and complexity. We can therefore recommend the most suitable Fractional CTO for your individual project.

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Flexibility and adaptability

Our Fractional CTOs can seamlessly adapt to fluctuating business needs or environments, implementing changes on the go. Such flexibility allows us to easily scale in accordance with your business and offer only relevant solutions.

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Custom and innovative approach

When working with our clients, we always adapt to their requirements and business needs. Hence, you don’t have to worry about standardized services – instead, you will receive a customized solution tailored precisely to your company.

FAQ

Do you guarantee the confidentiality of my data?

Absolutely. SoftTeco works strictly under the NDA upon the request.

Can I hire both a Fractional CTO and a development team?

Yes! Moreover, we highly recommend this approach since a CTO can advise on the most suitable tech specialists specifically for your company. Note that it is also possible to hire only a development team or only a Fractional CTO. But for the best outcome, we recommend first consulting with our experts who will evaluate your request and will propose the most suitable solution.

What is the level of technical expertise of your Chief Technology Officers?

All our CTOs have excessive experience in the IT industry and in managerial positions. They also have a strong technical background and can work in both managerial and technical positions.

Can you provide examples of SoftTeco’s Fractional CTO services?

Please contact us directly and we will discuss this topic further. Since most of our projects are under NDA, we do not publicly display them but they are available upon request.