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CFOs' guide to business travel cost management

Future CFO

To be prepared, CFOs must keep in mind of the following for better business travel cost management : Utilising new technology CFOs are increasingly leaning on sophisticated travel management systems that offer not just data but insights. CFOs are championing a hybrid model, blending virtual and in-person meetings.

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The Mentoring Round | Chikako Tyler, CFO, California Bank & Trust

CFO Thought Leader

CFO Chikako Tyler reflects on a significant transformation in her approach to financial management. Initially focused on revenue and expense containment, she once viewed expenses strictly as costs. However, after managing a sales team, she shifted her perspective, now seeing expenses as investments with potential ROI.

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Cost Management: Three Ways to Nearshore Labor

CFO Share

Costs Expensive Setup and Overhead Costs: Establishing a foreign entity involves significant initial expenses, including legal fees, registration fees, and consulting fees. Additionally, you must budget for ongoing compliance and administration. Which Nearshore Approach is Right for You?

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The Financial Challenge of Employee Benefits for Growing Businesses

CFO Plans

Consider a mid-sized tech company that expanded its workforce by 30%—initially, they underestimated their onboarding expenses, leading to budget overruns. By revisiting their workforce expansion budgeting and refining their hiring strategy, they optimized the recruitment process, reducing costs while improving hire quality.

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Expect SG&A budget cuts in 2020 says Gartner

Future CFO

A Gartner survey of 317 CFOs and finance leaders on March 30, 2020, revealed that due to COVID-19 62% of respondents are planning some cuts to selling, general and administrative (SG&A) budgets in their organizations in 2020. Figure 1: Which SG&A functions will likely have their budget cut by more than 10% in 2020?

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How Outsourced CFOs Help Small Businesses Avoid Financial Crisis

CFO Share

Like adding a navigator to your crew, a Fractional CFO or an Outsourced CFO guides you with crucial information, offering a route to financial stability. What does a CFO do? The CFO is a strategic executive responsible for the financial performance of the company. You can learn more about fractional CFOs here.

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Unlocking Growth: Scalable Accounting Solutions for Small Businesses from Startup to Enterprise

CFO Plans

Whether you’re navigating the early stages of a startup or managing the complexities of an expanding enterprise, scalable accounting solutions are essential. From budgeting to financial forecasting, having an expert team by your side ensures that your startup is set on a path to profitability.