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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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Understanding and driving finance transformation in 2023

Future CFO

Mike Polaha: Finance transformation aims to revolutionise corporate finance strategy and processes with three main objectives in mind - driving operational efficiency, ensuring functional effectiveness and improving employee experience - all while progressing to improve the function’s overall compliance footprint.

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

Spreadym

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. Compliance and Regulation: Financial Planning and Analysis ensures compliance with financial regulations, accounting standards, and reporting requirements.

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Continuing value-creation for the digital CFO

Future CFO

Even as we compare the responsibilities of a CFO today versus just two years ago, the scope has changed quite significantly – for instance, as a McKinsey survey had highlighted, the number of functions reporting to CFOs is on the rise and have expanded from four roles two years ago to six discrete roles today.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Our guide to the best FP&A tools compares each vendor based on five criteria: Adoption — How easy it is for users to adopt the technology and learn and leverage its full extent of features and capabilities. Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting.