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How Outsourced CFOs Help Small Businesses Avoid Financial Crisis

CFO Share

In the volatile world of small business financial management, staying afloat amidst economic fluctuations can feel like sailing into a perfect storm. Like adding a navigator to your crew, a Fractional CFO or an Outsourced CFO guides you with crucial information, offering a route to financial stability. What does a CFO do?

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Cost pressure amid global economic shifts: Smaller businesses’ top concern

Future CFO

Cost pressure amid global economic shifts has become a top concern for 58% of SMEs as they also face workforce challenges, said ACCA recently when releasing results of a survey. “As This significant challenge underscores the need for effective cost management and innovative financial strategies.

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The five challenges facing CFOs in a deadweight economy

Future CFO

According to the advisory firm, CFOs now contend with tepid demand growth, stubbornly higher costs and constrained access to capital, making it harder to sustain the corporate performance stakeholders have come to expect. The firm characterises this combination of headwinds as the deadweight economy.