After SVB, cash is once again king, ex-CFO says
CFO Dive
MARCH 14, 2023
With steady CFO leadership now paramount, finance leaders should prioritize cash and keep open their lines of communication with shareholders and employees.
The Role of a CFO in Financial Risk Management
CFO Share
JUNE 6, 2024
The Role of a CFO in Financial Risk Management Managing financial risks is crucial to ensuring long-term business success. This is where a Chief Financial Officer (CFO) becomes indispensable: disciplined, deliberative, and concrete. A deliberative CFO balances the entrepreneur by providing a more cautious and analytical perspective.
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Live Demo: How to Achieve Reconciliation Zen
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The Relationship Between a Fractional CFO and Your Public Accounting Firm
Beacon CFO Plus
NOVEMBER 30, 2023
How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. Keep in mind the things a fractional CFO will not do.
The Mentoring Round | Rodrigo Brumana, CFO, Poshmark
CFO Thought Leader
NOVEMBER 24, 2023
CFO Rodrigo Brumana reflects on his initial days as a CFO, emphasizing the importance of team communication and organizational structure. He candidly admitted that he should have prioritized identifying and solving infrastructure issues, especially in finance and accounting.
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1000: When Culture Informs Strategy | Tucker Marshall, CFO, The J. M. Smucker Company
CFO Thought Leader
MAY 14, 2024
In 2012, coming full circle, Marshall finally joined Smucker’s, a company that had long stood as a beacon in his community. Rising through the ranks, he became CFO in 2020, at a time when strategic financial leadership had become more crucial than ever. ” –Tucker Marshall, CFO, The J. Smucker Company The J.M.
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992: Unlocking Holistic Company Performance | Udit Tibrewal, CFO, Anomali
CFO Thought Leader
APRIL 16, 2024
jb “As you step into the CFO role, remember to balance strategic vision with attention to detail. Cultivate strong communication skills, foster collaboration across teams, and always prioritize integrity in decision-making. For me, joining Anomali was simply a matter of checking the boxes on all three of those fronts.
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The modern CFO: Guardian, Change-maker, Manager, Planner
CFO Talks
MARCH 20, 2024
The modern CFO: Guardian, Change-maker, Manager, Planner To help new accountants get ready for a CFO role at large companies, the Institute of Chartered Accountants of Ontario (ICAO) and Queen’s University conducted extensive research on the roles of the CFO. The study details the CFO’s four main jobs: Steward.
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Top 10 CFO Priorities for 2024
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.
Modern Qualities a CFO Must Have
The Finance Weekly
JANUARY 18, 2024
The traditional definition of a CFO is that he or she is the senior manager of all things financial for a company or corporation. The CFO monitors the company’s cash flow, analyzes its financial health, suggests recommendations for possible improvement, and oversees the company’s financial accounting, including timely and accurate reporting.
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Finding the Right Accounting Partner
CFO Plans
MAY 2, 2024
With numerous options available, how can a CFO navigate this complex landscape and find the perfect match? Assessing Communication and Collaboration Effective communication and collaboration are key to a successful partnership. Selecting the right accounting partner is a critical decision for any CFO.
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Starting Strong: A New CFO’s Guide to Navigating the First Days in Office
CFO Talks
MARCH 13, 2024
Assuming the position of Chief Financial Officer (CFO) in a new company is a pivotal moment in any finance executive’s career. Today’s CEOs expect their CFOs to be strategic visionaries, business partners, effective communicators, and creators of value. The paperwork can wait for after-hours or weekends.
CFOSP helps clients overcome unexpected CFO turnover
CFO Strategic Partners
OCTOBER 21, 2021
Securing new talent that propels the organizations forward When several clients experienced unexpected turnover on the CFO level, each of them reached out to CFO Strategic Partners for guidance. We ensured the accounting and finance team was communicated with throughout the transition. Our work was a success! We can help.
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How to Create Financial Reporting Dashboard for CFO
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. Determine the specific financial metrics, performance indicators, and insights that the CFO needs to monitor regularly.
Beyond the Basics: 7 Key Focus Areas for New CFOs
CFO Talks
MARCH 14, 2024
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.
Efficiency First: Tech Trends for Finance Teams in 2023
The Finance Weekly
DECEMBER 22, 2022
Therefore, while we won't pay attention to what is or isn't happening to Excel (or Google Sheets), we can predict some CFO tech trends in 2023. Anything that can help you with reducing costs is quite popular at the moment,” said Wouter Born, founder and managing partner at Born Capital, an investment firm specializing in CFO tech. “Of
Real Talk: Is Outsourced Accounting Right for Your SMB?
CFO Network
MARCH 18, 2024
Yet, reputable outsourced accounting firms prioritize data protection , implementing stringent security measures and confidentiality protocols to safeguard client information. Effective Communication: Overcoming Barriers in Outsourcing Communication breakdowns pose another hurdle in outsourcing accounting services.
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Leading the Way: 5 Tips for January’s New CFOs
The Finance Weekly
FEBRUARY 8, 2023
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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Textron, Charter, Estee Lauder, Signet and more
CFO News Room
DECEMBER 6, 2022
Charter Communications – Charter Communications fell 5% after analysts at Citi added a negative catalyst watch to the company heading into its analyst day. Textron – Shares of Textron jumped 6% after the company won a U.S. Army contract that could be worth $70 billion to provide next-generation helicopters.
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Developing A Strategic Total Rewards Approach
CFO Simplified
MARCH 11, 2024
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.
How to Prevent Burnout in Your Nonprofit
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. The post How to Prevent Burnout in Your Nonprofit appeared first on The Charity CFO. Get the free guide!
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4 Emerging Roles of Finance Professionals
Fpanda Club
FEBRUARY 15, 2021
Source: The CFO Reimagined: from driving value to building digital enterprise. Moreover, on average, five functions other than finance now report to the CFO and 40% of CFOs spend most of their time on roles not directly related to finance. Are today’s CFOs ready for tomorrow’s demands on finance? References: 1.
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Annual Budgeting Process: look at 2024
Spreadym
DECEMBER 1, 2023
Tips for CFO to accelerate annual budgeting process There are several ways to expedite the annual budgeting process: Automate Processes: Utilize budgeting software or tools that automate calculations and streamline data entry. Prioritize Key Items: Focus on critical areas first to allocate resources where they're most needed.
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Nonprofit Fundraising Strategies to Consider
The Charity CFO
MAY 8, 2023
To achieve this, nonprofit organizations should prioritize transparency, authenticity, and accountability in their fundraising efforts. Regular communication with donors is imperative to support the efforts toward individual giving. The most successful events prioritize engagement and relationship-building. Get the free guide!
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Nonprofit Finance Practices
VCFO
JUNE 29, 2023
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. A CFO will evaluate financial performance, and bring attention to potential issues.
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Aligning Your Philanthropic Operating Model with Your Goals
CFO News Room
JANUARY 13, 2023
Communication is a key function for think tanks, which are typically focused on disseminating findings on complex issues to diverse audiences. Similar to other archetypes, Field Builders rely on a robust communications function. Designers leverage internal expertise to design programs and approaches.
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vcfo HR Team Expands with Addition of Karli Osgoodby, Senior HR Consultant
VCFO
MARCH 9, 2022
She efficiently handles multiple priorities, can quickly adapt to challenging and fast-paced work environments, and prioritizes building relationships within an organization. Founded in 1996, vcfo pioneered the concept of the “Virtual CFO” with its original core offering of fractional or part-time CFO solutions. About vcfo.
Holding Onto Your Marketing Budget in a Downturn
CFO News Room
NOVEMBER 13, 2022
Build a tight relationship with your CEO and CFO. Leaders under economic pressure will likely prioritize short-term measures of growth, so there will be a bias toward marketing tactics with a clearer return on investment, such as search, social, and e-commerce. Zero out inefficient spend and ways of working.
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The CIO Emerges As A Key Asset For The CFO, Says Workday
PYMNTS
OCTOBER 29, 2018
What emerged is a picture of CFOs prioritizing collaboration as part of their broader digitization efforts, with the rising need to look beyond financial data to reshape corporate finance. For example, 68 percent of CFOs said the biggest roadblock is that their CIO peers do not “speak the same language.”
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Nonprofit Board Committees In A Modern Nonprofit
The Charity CFO
JULY 10, 2022
The Executive Committee handles time-sensitive issues that come up between meetings and prioritizes the agendas for meetings of the full board of directors. Communication Committee. Communications. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time.
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3 Marketing Tools to Adopt to Become Better Finance Business Partners
Fpanda Club
APRIL 18, 2022
To perform these functions marketing, as a discipline, possesses a wide range of tools and techniques that can be used to analyze data, verify hypotheses and communicate information. Imagine CFO or CEO seeing dozens of long tables filled with numbers every day, will they be happy to receive another one like this?
Conflicts of Interest: Why it’s Important and How Often it Should be Done
The Charity CFO
JULY 31, 2023
Open communication within the organization guarantees that conflicts are managed appropriately, helping to uphold the nonprofit’s mission and maintain the confidence of donors, beneficiaries, and the public. The post Conflicts of Interest: Why it’s Important and How Often it Should be Done appeared first on The Charity CFO.
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3 Must-Know Dark Social Finance Communities
The Finance Weekly
NOVEMBER 20, 2022
CFOs are no longer turning to the same old sources of inspiration when looking for quick solutions to workplace challenges. Finance directors in the past may have been persuaded to purchase software by clever advertising efforts or information they acquired at a CFO conference on the other side of the globe. Why you might ask?
9 Trends That Will Shape Work in 2023 and Beyond
CFO News Room
JANUARY 18, 2023
Here are the nine workplace predictions, based on Gartner research , that highlight the aspects of work that leaders must prioritize over the next 12 months. Tailoring communications and incentives to motivate allyship, for example, by recognizing and giving visibility to allies on internal platforms and company websites.
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What to Look for in an Outsourced Bookkeeper
CFO Share
APRIL 3, 2024
The ideal candidate will possess: Experience with your software Excellent communication skills The courage to ask questions, not assume answers Meticulous attention to detail Rigorous and disciplined work ethic Experience with Your Accounting Software Your bookkeeper should have experience with the accounting software your business uses.
5 Easy Tips for Increasing Value-added Activities Among FP&A Teams
The Finance Weekly
SEPTEMBER 22, 2022
Coming to the CFO and management with concrete data about a way to save time is every manager’s dream. 3) PPP- Prioritize partnering & preparation. Many finance professionals prioritize either partnering or preparation, but to get the best results, you need to do both. 5) Get down to the action plan.
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From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements
The Charity CFO
JUNE 7, 2023
Stakeholder Communication : Serves as a transparent communication tool for stakeholders, including donors, board members, and grant-making organizations. The Charity CFO specializes in nonprofit accounting and bookkeeping. Get the free guide!
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Succession Planning Creates Transition Success
CFO Simplified
APRIL 19, 2023
Step 2: Communicate the decision. However, when Jane communicated her plan to the appropriate authority, she relied upon the trust and transparency of the organization to create a win-win scenario allowing for continuity and growth. Realign and prioritize work to support the CEO. Prepare himself for the CEO role.
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Are You Happy Working in Finance?
Fpanda Club
FEBRUARY 1, 2021
Young people usually choose their career in finance as it seems to be rather easy to measure success: there is a beaten path from an entry-level accountant/auditor or financial analyst to finance manager and later to CFO. Communication skills. New opportunities emerge in consulting with its developing CFO advisory services.
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Financial Ratios to Manage Accounts Payable
CFO Share
MARCH 13, 2023
A fractional CFO can assess your AP process and offer improvement advice. Prioritize payments Prioritize payments to ensure that critical suppliers are paid on time and avoid late fees or penalties, while less critical suppliers are deferred if required by cash constraints. How do I improve the management of AP?
Preparing Your Finance Organization for the New Era of AI
CFO Leadership
OCTOBER 10, 2023
Create and communicate a well-defined plan for how you intend to bring advanced AI tools into your organization and use them for transformation. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership. Learn more about how we can help you achieve your business goals today.
HBR’s Most-Read Research Articles of 2022
CFO News Room
DECEMBER 31, 2022
We saw renewed interest in fighting for a workplace that prioritizes wellbeing and transparency, and that takes a concerted, nuanced approach to addressing the systemic inequities that continue to hold our organizations back. Summer: Combat Inequity. By the summer, Quiet Quitting was trending on TikTok.
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How You Can Set a Highly Ethical Example in Financial Leadership
The Finance Weekly
APRIL 27, 2022
Doing so as a CFO requires the following actions: 1. Set Firm Organizational Standards: As a leader, you have the power to define the company’s operational approach, values, and standards of conduct, expressing the expectations in value statements, company policies, ethical codes, and communications. Tackling the Issue of Ethics.
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7 Principles to Attract and Retain Older Frontline Workers
CFO News Room
DECEMBER 16, 2022
In our study, four of five individuals want to stay longer and refer friends when they feel management communicates expectations clearly. Effective communication, though, poses a challenge for many organizations with older workers in frontline roles. Build community and camaraderie. He trusts my opinion, which means a lot.”.
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How Coats China's finance function responded to Covid-19
Future CFO
MAY 28, 2020
As the outbreak coincided with the Chinese New Year holidays and colleagues were on leave in their respective home provinces, timely and relevant communication was a challenge. The finance function in China focused on the following key areas when dealing with situation: Timely closing of books Supporting operations Communication.
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