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Facing Your Financial Fears: Credit Control and Debt Management

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They rely heavily on controllers for spearheading strategic planning related to the business’s financial health. Managing credit and reducing associated risk can be daunting for many business owners. Start by assessing your current policies for internal credit management and mitigating credit risk.

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How a CFO Can Help You Solve the Inflation Puzzle

Focus CFO

However, with guidance and strategic planning led by an experienced CFO, organizations will be well equipped to weather the storm. . Trading partners’ credit risks : Customers and suppliers grapple with the same inflationary pressures and working capital management challenges, which can create a drag on their profitability.

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Budget Preparation Process: Full Step Guide

Spreadym

Strategic Planning: In addition to annual budgets, companies engage in strategic planning, which typically occurs on a longer-term horizon (e.g., This involves setting broader financial and operational objectives and then aligning annual budgets with those strategic goals. 3 to 5 years).

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What is the difference between planning, budgeting and forecasting for a business?

Spreadym

They help organizations anticipate potential risks, identify opportunities, and make informed decisions about resource allocation and strategic planning. Risk Assessment and Management: Identify potential financial risks and develop risk management strategies.

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How to Find the Best FP&A Candidates for Your Team

Spreadym

FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. Risk Management: Skills in identifying, assessing, and managing financial risks are important.