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Reviving a Financially Troubled Business: The Role of the CFO

CFO Share

Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. Instead of saying “we’re running out of cash, we need more sales,” a good turnaround CFO would say “we’re running out of cash, but I think we could afford to drop prices 20% to boost sales.

CFO 52
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Reviving a Financially Troubled Business: The Role of the CFO

CFO Share

Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. Instead of saying “we’re running out of cash, we need more sales,” a good turnaround CFO would say “we’re running out of cash, but I think we could afford to drop prices 20% to boost sales.

CFO 52
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Reviving a Financially Troubled Business: The Role of the CFO

CFO Share

Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. Instead of saying “we’re running out of cash, we need more sales,” a good turnaround CFO would say “we’re running out of cash, but I think we could afford to drop prices 20% to boost sales.

CFO 52
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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

PYMNTS

While businesses nationwide have seen their doors close and revenues drop to near zero, Walmart reported that its sales surged as consumers flocked to its stores and website to stock up for an extended period of social distancing. Same-store sales expanded 10 percent year on year, well ahead of both the 7.2 percent forecast and the 1.9

Retail 88
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Walmart Shares Up Across The Board On Big Earnings Beats

PYMNTS

The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. percent to $128 billion, ahead of analyst forecasts of $125.9 All-in revenue jumped up 3.8

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PYMNTS Daily Data Dive: A Peek Inside FireEye’s Q2 Performance Data

PYMNTS

CFO Michael Berry plans to restructure operations to respond to the changes seen in criminal attacks where cybercriminals are leveraging ransomware to target the financial sector. FireEye has also cut its adjusted full-year sales outlook and its full-year revenue forecasts, lowering expectations for Q3.

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How to Reduce Operating Costs

CFO Share

To avoid the Downward Spiral, collaborate with sales, marketing, and operations, not only finance. Your sales funnel risk should dictate the timing of cost reductions. If you are a government contractor with long-term contracts, your sales risk will differ significantly from an e-commerce company with seasonal demand.