Future CFO

FEBRUARY 25, 2024

Editor’s note: Have you already adopted agile budgeting? Pannie Sia (pictured), general manager, ASEAN, Workda y explains what it is, how it’s different from traditional budgeting, the benefits it brings, and how CFOs can make agile budgeting effective and successful.

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Future CFO

APRIL 26, 2023

Be it the geopolitical tension in many parts of the world, the prevailing volatility of energy prices, or the looming crisis that is climate change , there is no rest for the CFO when it comes to navigating the challenges, man-made or otherwise. By being more risk aware, the CFO can assess scenarios relevant to the firm's business strategy.

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CFO Financial Planning and Analysis (FP&A) Risk Management Budgeting 98

The Finance Weekly

JANUARY 22, 2024

Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Resolve accounting and finance problems.

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CFO Share

APRIL 1, 2024

What to Expect When You Hire an Outsourced CFO The thought of hiring an outsourced Chief Financial Officer (CFO) has been on your mind, perhaps driven by stalled growth and advice from your mentors. Here’s a journey through the initial months of outsourcing your CFO so you know what to expect. Where could they be?”

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CFO Profit and Loss Forecasting Strategic Planning 52

The Charity CFO

FEBRUARY 16, 2023

Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting is a crucial element of understanding the financial health of your organization. It also allows for better communication and transparency with employees who are striving for the same goals.

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Nonprofit Budgeting CFO Leadership 52

Michigan CFO

JUNE 7, 2023

In today’s ever-evolving business landscape, the role of the Chief Financial Officer (CFO) has become crucial for effective financial management and decision-making. However, not all businesses have the resources or the need for a full-time, in-house CFO. This is where virtual CFOs come into play. What Do Virtual CFOs Do?

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CFO Problem Solving Budgeting Communication 52

CFO Share

SEPTEMBER 22, 2023

How do you choose the right fractional CFO? Hiring a financial guide for your business journey may feel daunting or overwhelming, especially as the fractional CFO market becomes more saturated with options. What Should I Look for in a Fractional CFO? Know your budget, but don’t pick the cheapest option.

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CFO Communication Budgeting Forecasting 40

Future CFO

JANUARY 12, 2023

The top CFO priority in 2023 is evaluating finance function strategy, scope and design, said Gartner recently. But CFOs have to prepare for stretching themselves beyond this top CFO priority this year. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with,” said Horvat.

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CFO Communication Restructuring Budgeting 52

Cube Software

SEPTEMBER 22, 2023

As a former 3x CFO, I've survived my fair share of budget seasons—and so has my colleague , Chris Ortega (fractional CFO and CEO of Fresh FP&A). From budget season horror stories to tales of success, Chris and I discussed it all in our recent webinar, Surviving Budget Season: 4 Proven Tactics for Finance Leaders.

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CFO News Room

NOVEMBER 16, 2022

When Fear And Anger Coalesce, Communication Often Becomes Argumentative. Based on your budget, we’re estimating that could save you an additional $500 a month. Author: Meghaan Lurtz, Ph.D., Team Kitces. Let’s set the stage. The markets are in turmoil. Inflation is high. Things are scary.

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Communication Planning Construction Marketing 130

The Finance Weekly

APRIL 12, 2022

For many accounting and finance professionals, being a chief financial officer (CFO) is a career highlight. Nevertheless, the best way to learn the responsibilities and skills required of a CFO is to perform it. When it comes to the annual budgeting process, building a rapport with these department heads will go a long way.

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Financial Planning and Analysis (FP&A) CFO Budgeting Forecasting 98

Adam Kae

OCTOBER 1, 2023

As a Fractional CFO specializing in supporting digital marketing agencies, I understand the critical importance of building a high-caliber team. Clearly communicate your intentions, set expectations, and establish boundaries. Key Takeaway: Honest communication builds a foundation of trust between your agency and top-talent candidates.

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CFO Marketing Communication Budgeting 52

The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . That’s why it’s important to start thinking about your budget for 2023 now. Budgeting should go beyond simply tracking money in and money out. . Intro to Budgets for Nonprofits. Allocate resources.

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Nonprofit Budgeting CFO Forecasting 52

Spreadym

AUGUST 17, 2023

They play a crucial role in improving transparency, communication, and collaboration among teams by providing a centralized platform for accessing and interpreting financial data. The choice of tool depends on factors such as the organization's size, industry, budget, and specific reporting requirements.

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Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Collectiv

FEBRUARY 6, 2023

Why do so many organizations abandon their budgets halfway through the year? Because the traditional budgeting process is broken. In the latest episode of Collectiv Conversations, I chatted with Stephen Newland about the future of financial planning and analysis and how we can improve the forecasting and budgeting process.

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Financial Planning and Analysis (FP&A) Budgeting Leadership Forecasting 52

VCFO

FEBRUARY 3, 2022

When I served as a panelist for the webinar, “Budgeting Basics: How to Build a Strong Budget,” we discussed a variety of topics, including how budgets affect profitability, when to start building next year’s budget, planning frameworks and the company stakeholders who need to be involved in the process. Takes less time.

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Budgeting Leadership Communication Planning 71

The Finance Weekly

APRIL 21, 2024

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. What CFOs are Capable of Doing? Address accounting and finance issues.

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CFO Budgeting Auditing Accounting Principles 52

CFO Talks

MARCH 19, 2024

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. Developing the Finance Agenda Once strategic priorities are identified, the CFO distills these insights into a clear, concise list of goals.

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CFO Communication Finance Budgeting 52

Beacon CFO Plus

OCTOBER 21, 2021

The CFO of your organization is one of your key leaders and strategists. What do you do when a CFO abruptly quits or announces plans to retire? The role of a CFO is hard to fill—and it must be done the right way. It can take years to build a strong relationship between a company’s CFO and CEO or ownership.

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CFO Strategic Planning Leadership Budgeting 52

The Finance Weekly

DECEMBER 5, 2023

Strategic Leadership Given the rapid transformation of business models, especially with the ongoing green energy shift and the , pervasive XaaS trend , CFOs play a crucial role in guiding strategic discussions within their companies. Revamp Finance Operations As the , CFO's responsibilities grow, the finance function's impact also expands.

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Financial Planning and Analysis (FP&A) CFO Prioritization Leadership 52

The Finance Weekly

MARCH 16, 2022

In many cases, marketing teams are nervous about approaching the CFO in regards to the budget or new campaigns. On the other hand, CFOs need to answer to the CEO if something goes wrong or the budget goes awry. The right communication and understanding from both sides will create the ideal platform for company growth.

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CFO Marketing Budgeting B2B 52

Future CFO

APRIL 21, 2022

Only 30% of CFO-CIO relationships are characterised by strong collegiality and business centricity, said Gartner recently when releasing results of a survey of 183 executives including both CFOs and CIOs. CFOs should be thinking of their CIO as a business strategist, rather than just a budget owner,” said Rathindran.

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CFO Budgeting Leadership Financial Analysis 52

Boston Startup CFO

FEBRUARY 1, 2023

Here are the top signs that your startup may need a fractional CFO. A fractional CFO can provide significant value to the process by: Developing a financial plan : A financial plan is a key component of any fundraising effort. Negotiating terms : A CFO can help you understand the terms of a potential investment and negotiate terms.

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CFO Startups Cash Flow Forecasting Budgeting 40

CFO Talks

JUNE 7, 2022

Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position.

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CFO IFRS Leadership Risk Management 52

CFO News Room

DECEMBER 16, 2022

As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Budget Analyst. Communication Skills.

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Finance Budgeting Compliance Financial Analyst 130

Future CFO

NOVEMBER 21, 2022

Financial Planning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support major corporate decisions of the CFO, CEO, and the Board of Directors. Chris Ortega : FP&A traditionally was just data aggregation, data variances, budgeting, and forecasting.

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Financial Planning and Analysis (FP&A) CFO Communication Budgeting 98

Future CFO

JANUARY 22, 2024

Keeping track of changes and making sure the organisation's finances are accurate is key, although planning for financial resources, coordinating budgets, and managing cash flow without aggregation errors pose significant challenges. The post The role of enterprise scalability in financial performance appeared first on FutureCFO.

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Budgeting CFO Forecasting Communication 52

VCFO

MARCH 31, 2022

Engaging a virtual or fractional CFO as an outsourced resource is an excellent step for companies that need senior-level finance expertise but cannot afford to recruit or engage a full-time CFO. Validate the experience and expertise of the potential CFO resource. There is no certification for the title of CFO.

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CFO Communication Auditing Budgeting 52

CFO Talks

FEBRUARY 9, 2024

Let’s delve into how CFOs can spearhead this transformation and lead their teams to new heights of success. Historically, CFOs have been primarily responsible for financial reporting, budgeting, and compliance. These silos create barriers that hinder communication, collaboration, and alignment across the organisation.

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Communication Leadership CFO Budgeting 52

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Budgeting is a type of short-term planning whose goal is to transform strategic objectives into an operational plan by allocating available resources.

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Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

The Charity CFO

APRIL 2, 2024

They’ll know how to approach common financial issues for nonprofits, such as limited budgets or restricted funds. Strong Communication and Accessibility Your nonprofit accountant can only provide expert advice and accurate reporting if you can easily get in touch with them. Contact us today !

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Future CFO

JANUARY 27, 2022

CFOs must account for inflation-related uncertainties in annual budget and guidance for investors, said Gartner recently. CFOs will need to account for the higher level of uncertainty as they set budgets that drive investment, compensation and annual guidance shared with investors,” Keenan advised.

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Budgeting Financial Planning and Analysis (FP&A) Accounting Forecasting 52

The Charity CFO

APRIL 22, 2024

You can do this by promoting open communication and transparency throughout your nonprofit. In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Comparing your nonprofit budget to actual , for example, can help you better understand where resources are going.

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Future CFO

JANUARY 7, 2024

To triumph over the expected and even the unexpected shifts, CFOs must be on the look out for the risks they are likely to face in the next 12 months. The evolution in the role As the CFO role expands, so does the influence of the finance function. These risks can turn into opportunities for growth and profitability if managed right.

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CFO Risk Management Leverage Strategic Planning 52

CFO Thought Leader

JULY 28, 2023

They demand strong interpersonal relationships and effective communication. Planging Ace CFO Dev Ahuja brings some perspective on the role of people in finance transformation. CFO Ahuja shared insights into the structure of his finance organization at Novelis.

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Problem Solving CFO Manufacturing Leadership 52

The Charity CFO

JANUARY 4, 2024

3 Reasons Your Nonprofit is Failing to Recruit Noncompetitive Compensation and Benefits It’s no secret that most nonprofits have limited budgets for employee payroll. A constrained compensation budget might be the main reason you’re not attracting talent to your organization. Do You Struggle to Make Sense of Your Financial Statements?

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Nonprofit Budgeting CFO Communication 52

The Charity CFO

APRIL 13, 2023

This is why at The Charity CFO , we strive to provide relevant resources and support to ensure that your organization runs smoothly and efficiently. Budgeting Nothing says healthy financial management quite like a robust and well-thought out budget process. This week, we’ve rounded up 7 keys to nonprofit financial management.

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