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Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Similarly, Pieter De Jager, CFO of Tanga Cement, pointed to the complexity of transitioning to renewable energy sources. Elizabeth, thank you so much for joining us.
Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting. Leadership and communication skills are equally important.
For businesses poised for expansion, understanding and strategicallyplanning for these costs isn’t just advantageous—it’s essential for success. Optimize Your Hiring Strategy with CFOPlans Business Tax Planning as a Route to Savings In financial management, business tax planning is often an overlooked yet vital component.
When building your back office, you may consider whether you need a financial controller or a CFO. The skills and responsibilities of these roles overlap, and to make matters more confusing, an underqualified CFO (yes, there are plenty out there) will perform similar to or worse than an excellent controller.
For financial services firms, these assessments are particularly crucial in navigating regulatory environments and ensuring compliance. For forward-thinking financial firms, integrating these technologies into their strategicplanning processes has become a game-changer.
Get expert guidance from CFOPlans today to ensure you’re compliant and maximizing potential savings. Strategic Tax Planning for Entrepreneurs The foundation of effective tax management begins with strategicplanning. A practical step is to establish a tax compliance checklist.
Data intelligence is at the heart of this transformation a critical enabler of strategic decision-making, operational efficiency, and regulatory compliance. In a rapidly changing business landscape, CFOs require real-time insights to adjust strategies effectively.
The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Fisher Senior VP & CFO American Hospital Association. Christina Y. Christina Y.
Digital leadership is deployed throughout a company, creating an IT strategicplan including data management practices. Finance needs to be a part of that plan to have inter-operable systems and information that relate to other parts of the enterprise, as companies with better digital strategy outperform their peers.
Use these insights to project your financial performance based on your strategicplan. This document serves as your companys rulebook, and keeping it updated ensures consistency and compliance. The post Kickstart Your Business for a Strong 2025 appeared first on CFO Simplified.
Members’ Profile: Thobile Dlamini In this edition of CFO Club Africa’s Members Spotlight, we are introducing Thobile Dlamini, the CFO at Eswatini Revenue Services. International Recognition : Awarded the prestigious Best Public Sector CFO in Africa (2023/2024) by ACCA.
Strategic Focus with Collaboration Some leaders struggle at year-end with striking a good balance between devoting ample time to the future of the business versus tactical tasks that keep the wheels turning. If planning for the upcoming year has not started, you are a bit behind. Reactive vs. Proactive It is now Q4.
CFOs, with their unique understanding of financial risk and strategicplanning, must champion cybersecurity initiatives and weave them into the core of their business strategy. Ben Goodman "As a CFO, cyber threats and cyber resilience probably wasn't something you were focused on three years ago.
The journey from a Chartered Accountant (CA) to a Chief Financial Officer (CFO) is a transformative one, requiring a shift from technical expertise to strategic leadership. Transitioning from CA to CFO The transition from CA to CFO is not just about acquiring new skills but also about evolving one’s mindset.
vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. Prior to joining vcfo, Gary’s career includes Controller, Auditor, CFO, and Senior Vice President positions for organizations like Kinko’s and Blockbuster. About vcfo. At vcfo, our mission is always to make your company stronger.
When CFO Services Become a Strategic Imperative In the ever-evolving business landscape, the decision to bring in external expertise can have a major impact on your success. Regardless of your business’s size or industry, there comes a point where engaging with an outsourced CFO becomes necessary.
As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Chief Compliance Officer.
Companies may face situations where hiring an interim CFO can provide immediate expertise and strategic direction. E78 specializes in providing experienced interim CFOs who can swiftly address pressing financial challenges, allowing businesses to focus on their core operations while maintaining clear paths toward long-term success.
Companies may face situations where hiring an interim CFO can provide immediate expertise and strategic direction. E78 specializes in providing experienced interim CFOs who can swiftly address pressing financial challenges, allowing businesses to focus on their core operations while maintaining clear paths toward long-term success.
A fractional chief financial officer is an outsourced financial professional providing high-level financial management and strategic guidance to a company on a part-time or project basis. This is particularly valuable for companies that don't require constant CFO oversight or cannot afford a full-time executive.
They also help nonprofit leaders maintain compliance with legal standards and tax regulations. What is a Chief Financial Officer (CFO)? A Chief Financial Officer (CFO) is a senior executive in charge of the strategic direction and goal setting of a nonprofit’s accounting and financial management.
Now is also a good time to reach out to auditors (if an audit or CPA review is required) to plan the timing of the audit, discuss material changes in the business that might impact financial results and/or disclosures, and to obtain a list of their “PBCs” (schedules to be “prepared by client”). What About Borrowing?
Underscoring this was her ahead-of-the-curve understanding that mission-centered organizations must have strong finance and compliance-related practices and expertise in place to be able to provide services in line with their mission. A CFO will evaluate financial performance, and bring attention to potential issues.
With a wealth of digital data available, trade finance becomes ripe for advanced analytics, offering deeper insights for risk management, trend analysis, and strategicplanning. Initiating the digital transformation of trade finance workflows starts with comprehensive planning," he says.
From Controller to CFO: What Changes? Moving from being a Controller to a CFO is a big step up. Both the CFO and Controller deal with the company’s finances, but they focus on different things. The CFO, however, looks at the bigger picture. It’s a shift from looking at what happened to planning what could happen.
Deloitte says that as sustainability performance gains greater visibility among boards, regulators, investors and the public, CFOs must take the lead to ensure their organisations are prepared for assurance-ready reporting.
Digital transformation: Digital tools can help support expansion, including systems that provide real-time and other payments across geographies, streamline cross-border compliance and protect businesses from fraud and cybercriminals across global jurisdictions.
By Rob Joseph, Director, BeaconCFO Plus The CFO wears many hats and among them is serving as the first line of defense against risk for your organization. Knowing what you’re doing begins with having a strategicplan in place for your business that incorporates risk management. appeared first on BeaconCFO Plus.
Editor’s Note: For our Female Leadership in Finance Series , FutureCFO editor Teresa Leung recently had a chat with Vyin Ng (pictured below), CFO at Microsoft Hong Kong. She shared with our audiences her career journey and advice on how female finance professionals could reach the CFO position.
For a few years now, analysts have pointed to the evolution of chief financial officer (CFO) as a strategic member of the organization. Finding a solution to competing demands on the CFO presents an opportunity for innovation,” he said in a statement. One of the largest ways it can do so is for risk management.
This proactive approach is vital for strategicplanning and long-term success. Services such as Strategic Financial Consulting , Small Business Bookkeeping Services , and Financial Compliance Services ensure that your forecasts are not only precise but also compliant with regulatory requirements.
If you manage an SME—referring to a Small and Medium-Sized Enterprise—you may look to a fractional CFO to provide strategic financial expertise and guidance. Here’s how a fractional CFO can serve your needs as the manager of an SME: Cost-Effective Financial Expertise: You may not have the budget to hire a full-time CFO.
FP&A directors can often boast of a considerable track record in financial planning and analysis, also they understand very well the finance function in general and the business model of the company, which leads them to the next step of their careers as Chief financial officer (CFO).
Mayank Goel , Partner Indirect Tax at KPMG India , says that from the point-of-view of a CFO, visualising this involves integrating tax planning seamlessly into the broader corporate strategy. Mayank Goel According to Goel, CFOs can leverage taxes strategically and navigate tax policy discussions effectively through various measures.
While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category. Finance is categorized as strategic while accounting is much more tactical. Finance is strategic, accounting is tactical.
A s a CFO in today’s dynamic business landscape, you are no stranger to the multifaceted nature of risk. For CFOs in Africa, particularly in South Africa, the challenges can be even more pronounced due to unique regional factors. Stay Informed About Regulatory Changes Regulatory compliance is a key aspect of risk management.
Clint Rogers is a senior finance professional with more than 20 years of experience overseeing financial teams and guiding them through strategicplanning, analysis, and forecasting in order to increase revenue and profitability. vcfo Austin team expands to include Clint Rogers, Senior Consultant.
CFO: If your company has closed a seed round of funding or is earning more than $250K per year, you need a CFO to handle your financial strategy and run your accounting team. Even if you’re not yet funded or earning significant revenue, you may still be in need of CFO services.
Grant Management: Review the status of grants and compliance with grant requirements or conditions. Step 3: Check compliance with financial policies and regulations. Likewise, your review findings can help with strategicplanning for the remaining year and the year ahead. Step 2: Analyze budget variances.
To triumph over the expected and even the unexpected shifts, CFOs must be on the look out for the risks they are likely to face in the next 12 months. The evolution in the role As the CFO role expands, so does the influence of the finance function. These risks can turn into opportunities for growth and profitability if managed right.
Discover how CFOPlans can help transform your financial management with SaaS-based accounting software that promises to revolutionize how manufacturing businesses handle their finances. Many platforms offer virtual CFO services, providing expert financial guidance and strategicplanning support.
Recent incidents, such as the deepfake CFO scam in Hong Kong , underscore the pressing need for robust cybersecurity measures. As CFOs, it is essential to understand the financial implications of cybersecurity breaches and implement effective strategies to manage the rising costs associated with protecting organisational assets.
For example, companies operating in carbon-intensive sectors may face higher carbon taxes and other compliance costs, or find themselves becoming less viable to operate in the future economy,” said Lee Bing Yi , Sustainability & Climate Change Director at PwC Singapore. CFO’s role in driving ESG strategy.
Strategic/Market: Changes in the industry, new research, or major players merging. Compliance: The rules and regulations specific to your industry. When you take the time to work through this process with an outsourced CFO, you are investing in the future of your business. Have a strategicplan.
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