Remove Communication Remove Financial Modeling Remove Leverage Remove Risk Management
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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

We emphasized the importance of communication, setting priorities, and the initial avoidance of hasty decisions. They play a crucial role in strategic planning, risk management, and driving innovation, extending their influence far beyond the finance department.

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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. What Do Virtual CFOs Do?

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What is Financial Planning and Analysis (FP&A)?

Spreadym

By providing financial insights and analysis, they assist in evaluating investment opportunities, assessing the financial impact of strategic initiatives, and developing long-term financial plans. This enables management to take corrective actions, implement efficiency measures, and evaluate the success of initiatives.

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Change Management: The Modern CFO’s Blueprint 

CFO Talks

By distilling these goals into a concise list and communicating them consistently—whether in formal presentations or casual discussions—the CFO ensures everyone understands and aligns with the finance department’s direction. This might involve enhancing digital finance capabilities or adopting sustainable business practices.

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Top 8 AI Uses in Finance Embraced by FP&A Leaders

The Finance Weekly

These tools can examine large sets of financial data, pinpoint important key performance indicators (KPIs), and create interactive dashboards and reports. FP&A leaders can use these insights to track performance, identify trends, and communicate financial results to stakeholders more effectively.

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The 5 Best Corporate Performance Management Software

Spreadym

Risk Management: CPM also involves identifying and managing risks that could affect the achievement of strategic goals. This includes assessing financial risks, market risks, and operational risks.

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Transcript: Ken Kencel

Barry Ritholtz

So obviously, risk managers, you know, and CROs were very focused on how do we manage that risk and diversify that credit risk that they were taking on in mid-market companies. Because you can’t lever it, you can’t lend it six times leverage today when the rates are 11 percent versus 6, right?