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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

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.

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POV: Why cybersecurity matters to the CFO and vice versa

Future CFO

Furthermore, the risks and the costs of a cyber incident were difficult to quantify and present in financial models. What is changing for CFOs, is they are starting to think of cyber resilience in terms of underpinning and, most importantly, protecting often substantial digital transformation investments. Phillip Ivancic.

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CFOs as overseers of digital transformation

Future CFO

Jackson Ng “They are responsible for assessing the financial feasibility of digital projects, ensuring their alignment with the company’s overall objectives, and allocating resources efficiently.” This view is echoed by Waty, who says the CFO plays a crucial role in a company’s digital transformation.

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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Activities that directly impact these objectives should take precedence.

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Finance vs. Accounting

CFO Simplified

While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category. Sometimes the differences are misunderstood because the CFO works with both the Accounting and Finance departments. Growth planning .

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Change Management: The Modern CFO’s Blueprint 

CFO Talks

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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Why Do Nonprofit Accountants Quit?

The Charity CFO

And what can nonprofits do to create consistency and predictability in the financial side of their operations? Triná Owens is a former nonprofit financial director who left her job to become an Accounting Manager at The Charity CFO. I did risk management. This sounds weird. I did, um, quality insurance.