Strategic Planning as Leadership Challenge

CFO News Room

This question has perennially stumped executives and managers, and one thing seems certain: it’s not for lack of planning. Countless hours are spent by company leaders thinking about, discussing, and planning their strategies. New strategic priorities require organizational changes.

It’s the time of the year for strategic planning and budgeting

CFO Simplified

As the end of the fiscal year comes into focus, it’s time to put together plans for the upcoming year. If you’ve put together annual strategic, operational, and financial plans previously, terrific.

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Larry Chester Featured On: How a CFO Can Help Shape Business Strategy | Lawrence Chester | #38 | Dave Lorenzo’s Inside BS Show

CFO Simplified

CEO of CFO Simplified, Larry Chester, was recently featured on Dave Lorenzo’s Inside BS Show. During the show, they discuss how an outsourced CFO can positively impact your business. Chapters: 00:00 Introduction: How a CFO Can Help Shape Business Strategy.

Building resilience & value in uncertain times: Why is strategic planning essential?

Future CFO

Serving as the guidepost for the whole organisation, the strategic plan helps clarify your organisation’s direction, purpose, and goals, and provides a platform to communicate with all key stakeholders. Joselin Martin, Member of IFAC’s PAO Development & Advisory Group and CEO of True North CFO LLC discusses why strategic planning is essential for organisations of any size.

Strategic Planning Components for CFOs to Keep Top-of-Mind

Planful

Over the years, the chief financial officer’s (CFO) role has evolved from gatekeeper to trusted advisor and business partner. But not every CFO thrives in the strategic planning side of their role.

Main functions of the CFO in environments of maximum uncertainty

Generation CFO

The Chief Financial Officer (CFO) is one of the most authoritative executives in the company, second only to the Chief Executive Officer (CEO), and is usually one of the heavyweights on the management committee of large companies. Main functions of the Chief Financial Officer or CFO.

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Strategic Planning Components for CFOs to Keep Top-of-Mind

Planful

Over the years, the chief financial officer’s (CFO) role has evolved from gatekeeper to trusted advisor and business partner. But not every CFO thrives in the strategic planning side of their role. Many finance leaders confuse financial planning with strategic planning. But when it comes to strategic planning components, CFOs shouldn’t be in a pure finance mindset. Strategic Planning Component #1: Revenue.

Top Action Steps to Grow Your Business

CFO Simplified

Arrange for a meeting to discuss your plans and your concerns, and tell them the kind of help you need. Planning will pay off handsomely. BUSINESS PLAN. The pandemic changed plans for nearly every business. Update your strategic plan.

Engaging an Outsourced CFO – Ten Things to Consider

VCFO

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.

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How Hiring an outsourced CFO Can Stop Internal Fraud

CFO Simplified

At CFO Simplified , we know what internal controls to look for in a company to identify areas of potential, or in the worst-case current fraud, and stop it in its tracks. The post How Hiring an outsourced CFO Can Stop Internal Fraud appeared first on CFO Simplified.

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CFOs’ Strategic Planning Left Unchanged With Brexit So Far

PYMNTS

From a practical standpoint, companies have got to do their contingency planning, but in the expectation that things are going to be business as usual in reality over the next potentially five years,” said Paul Watters, S&P Global Ratings head of corporate research, at an event earlier this year. Sixty-nine percent of businesses don’t see any impact from the Brexit vote on their strategic planning. Swiss bank Julius Baer said it plans to open new U.K.

Larry Chester Featured on NACD BoardTalk: Small and Medium-Sized Businesses: What’s Your Plan for 2022?

CFO Simplified

Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. Being Strategic Versus Tactical. Now is the time for the board to be even more strategic. appeared first on CFO Simplified.

10 Reasons to Hire A Fractional CFO

A Fractional CFO

By Tony Fremarek | A Fractional CFO, LLC A CFO is responsible for managing the financial operations of a business, this includes accounting, financial reporting, cash management, budgeting, maintaining controls, capital structure issues, and financing. Additionally, the CFO is involved in strategic planning and financial. CFO A Fractional CFO Anthony Fremarek CFO Consulting CFO Service Fractional CFO Fremarek Tony Fremarek

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Is Your Business Ready for a Part-Time CFO?

CFO Simplified

Is Your Business Ready for a Part-Time CFO? At CFO Simplified, President Larry Chester is frequently asked one question by his clients and prospects: “How do you know when it’s time to hire a CFO?”. Reasons You Should Look at Hiring a CFO. Strategic planning.

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How Can Workplan Analysis Strengthen Your Business?

VCFO

Workplan analysis is led by a senior CFO or CHRO professional with deep experience in applying the tool and a full understanding of the concerns, questions, and decisions that need to be weighed.

Lease Accounting Updates that May Impact Your Business

VCFO

Blog Finance CFO Consulting financial strategy operational advice strategic planningASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB).

Contingency Planning: The Role of a CFO

CFO Simplified

This, however, does not necessarily mean that strategic planning is off the table. A proactive way for business owners to mitigate their risk is through contingency planning. So, what is contingency planning, and what is a CFO’s role in creating this strategy?

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Do You Decide to Plan or Plan to Fail?

CFO Simplified

Those not wanting to sound clichéd change the way they state it, but the overarching message is that if there is no plan, there is no goal to meet, so it’s unlikely that you or your team know if the goal was reached. The post Do You Decide to Plan or Plan to Fail?

Do CFOs Add Value to your Business?

CFO Simplified

While you may be on the fence about investing in a fractional CFO, it’s always productive to break down the pros and cons of your various options. Let’s break down a few ways a CFO can add value to your business. . What does a fractional CFO do? . Succession Planning.

Managing a CFO Transition

Beacon CFO Plus

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. Consider using outsourced CFO services.

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10 Reasons to Hire A Fractional CFO

A Fractional CFO

By Tony Fremarek | A Fractional CFO, LLC A CFO is responsible for managing the financial operations of a business, this includes accounting, financial reporting, cash management, budgeting, maintaining controls, capital structure issues, and financing. Additionally, the CFO is involved in strategic planning and financial. CFO A Fractional CFO Anthony Fremarek CFO Consulting CFO Service Fractional CFO Fremarek Tony Fremarek

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Today’s CFO Must Be… Forward Thinking

Beacon CFO Plus

Understanding the Forward-Thinking CFO. What does it take to be a successful CFO today? We’ve talked about a CFO’s need to embrace agile business techniques and how a CFO can help organizations achieve greater operational resilience. . Speak With a Virtual CFO.

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What is the Difference between a Part-Time, Fractional, and Interim CFO?

CFO Simplified

A chief financial officer (CFO) holds the highest financial position in a business. A CFO, according to NetSuite , is responsible for: Tracking cash flow and financial planning. Proposing strategic directions and solutions. The Benefits of Hiring a Fractional CFO.

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Succession Planning: Preparing to Exit Your Business

CFO Simplified

A study conducted by the Financial Planning Association shows that within five years of retirement, 60% of advisors do not have a proper succession plan in place. For that 60%, it’s not too late to start planning now. . Plan Years Ahead (not months) .

Budgeting Methodologies: Analyzing the Advantages & Disadvantages

VCFO

Encourages commitment to the plan. Blog CFO Consulting Finance financial services strategic planning

Components of a Successful Sale Transaction

VCFO

buyer) is only achieved through careful planning and an unbiased look at the business. Personal Transition Planning. Personal transition planning is a process that can be used to not only prepare for an exit, but also to de-risk the business and simplify life.

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How does Uncertainty affect a CFO’s Role?

CFO Selections

And amid it all, CFOs are being asked to manage cash flow, oversee new business priorities, and aid in constantly shifting strategic planning initiatives. CFO Planning Leadership CFO Responsibilities Change Management

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Most CFOs say controllership not ready for digital future

CFO Dive

Financial executives said controllers are not fully equipped to take on a bigger role in strategic planning, according to a survey by Deloitte and the Institute of Management Accountants

CFO Live: Adapt to Change and Build for the Future

CFO

CFO Live: Adapt to Change and Build for the Future CFOs have had to relentlessly assess, strategize, plan, alter previous plans, and then execute to keep their companies afloat while much of our world has changed. CFO Live

Keep Proprietary Processes Secret

CFO Simplified

Bringing Value Through CFO Insights. The company has never created a budget for planning purposes. The post Keep Proprietary Processes Secret appeared first on CFO Simplified. Companies create products or develop services to deliver to their clients.

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CFO Leadership Council Highlights Our First 10 DEI Ascend Honorees

CFO Leadership

The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. About The CFO Leadership Council.

Gary Golden Joins vcfo Dallas as Consulting CFO

VCFO

vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. Prior to joining vcfo, Gary’s career includes Controller, Auditor, CFO, and Senior Vice President positions for organizations like Kinko’s and Blockbuster.

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vcfo HR Team Expands with Addition of Karli Osgoodby, Senior HR Consultant

VCFO

vcfo is pleased to announce that Karli Osgoodby, SPHR, has joined the vcfo team and will be able to better serve our clients in the greater Denver area with strategic HR services. HR Consulting Press Release HR hr compliance Human Resources people operations Recruiting strategic planning

A Business Growth Case Study

CFO Simplified

But sometimes the plans are erratic, spur of the moment, or not fully formed. Bringing Value Through CFO Insights. How do you make sure that the right plan is in place, and there’s enough money to do it? The post A Business Growth Case Study appeared first on CFO Simplified.

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Computer Retailer – Accounting Methods

CFO Simplified

Bringing Value through CFO Insights. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. The post Computer Retailer – Accounting Methods appeared first on CFO Simplified.