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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. Delegation and Empowerment: No CFO can do it all alone.

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Developing A Strategic Total Rewards Approach

CFO Simplified

While not always necessary, having a simple salary structure and pay ranges provides a clear framework and market reference for decision making and communication. Both should be just detailed enough to guide and promote career mobility and pay transparency but as simple as possible to administer and communicate. Incentive Plans.

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Leading the Way: 5 Tips for January’s New CFOs

The Finance Weekly

The past month has seen a flurry of , CFO moves , indicating these executives' critical role in steering organizations toward stability and success. With this in mind, it's important for CFOs to stay ahead of the curve and adapt to , new trends and , challenges. Holscott previously served as CFO at Warner Media.

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Nonprofit Finance Practices

VCFO

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. How Cracks in Nonprofit Finance & Compliance Creep In Nonprofit CEOs rely on their organization’s CFO to provide sound fiscal management, ensure full compliance, and be strategic partners.

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Financial Ratios to Manage Accounts Payable

CFO Share

However, some industries, such as retail or healthcare, may have lower DPO ratios due to their payment policies or supplier relationships. A fractional CFO can assess your AP process and offer improvement advice. Communicate regularly with suppliers to build strong relationships and address any issues that may arise.

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Navan’s Modern Approach to Duty of Care

CFO Leadership

For companies asking employees to travel, a duty of care applies to practices, policies, business decisions, and even the healthcare that employers extend to employees in their working environment and outside the office. Prioritize personal outreach when something goes wrong; it puts employees at ease and ensures they feel well cared for.

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2022 Best-Of Highlights From The Nerd’s Eye View Blog

CFO News Room

Creating Visual Deliverables That Clearly Communicate Financial Planning Concepts – While technical expertise is necessary to formulate a financial plan, being able to clearly communicate the findings to a client can make all the difference between whether or not the client will understand and agree to implement the advisor’s recommendations.

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