This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Future of Finance and Sustainability with Elizabeth Burns The evolving demands of sustainability and financial performance are reshaping the role of CFOs in the energy sector. Elizabeth’s approach offers practical lessons for finance leaders navigating this complex and dynamic landscape.
It was a moment that would shape Erik Swensons approach to finance forever. As a co-op student at Northeastern University, he found himself in front of a room full of engineers, presenting financial metrics he had carefully compiled. When IDT tapped him to be CFO in 2018, Swenson faced a challenge that tested his adaptability.
Balancing Cost and Service in Financial Management: A CFO’s Perspective Every decision a CFO makes carries weight on the bottom line, the team’s efficiency, and the overall direction of the business. Embrace Technology and Automation Technology is a CFO’s best friend when balancing cost and service.
Originally honing his financial acumen at Silicon Valley Bank, he gained close exposure to startup ecosystems and leveraged finance transactions. Ultimately, he stepped into the fast-paced realm of growth-stage companies, seeking to become a true financial operator.
Have the proper CFO for your company can often be the difference between whether or not you are able to accurately implement your financialanalysis. However, it’s not uncommon for a business to not have the resources to keep a CFO in-house. Instead, companies often work with an outsourced CFO to fill this role.
Numbers Never Lie but They Rarely Tell the Whole Story For too long, financialanalysis has been seen as a back-office functionprocessing numbers, producing reports, and ensuring compliance. While these tasks are necessary, they barely scratch the surface of what finance professionals can bring to the table.
As businesses navigate their way around various technological advancements, finance teams are faced with the task to integrate analytics and automation into their existing processes, determining at the same time which specific system to transform first for maximum operational impact.
It is undeniable that the Finance function is in dire need to keep up with the technological advancements to meet the demand of the market, and one of the things in the to-do list is upskilling its people. The post Upskilling Finance to realise business outcomes appeared first on FutureCFO.
It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financialanalysis. Because the basics of nonprofit finances are easy to grasp. .
If you’re a business owner and you can’t easily answer these questions, there is a good chance you need to consider financialanalysis. Financialanalysis can help you get a better idea of your organization’s larger financial picture. What Is FinancialAnalysis?
Finance Strategic Moment Early in his Danaher career, Erik Swenson faced a pivotal decision: continue with a volatile capital business or pivot to a faster-growing, more stable life sciences market. Instead of rushing into change, he pushed for convictionevaluating market viability, margins, and execution feasibility.
Digital transformation has elevated the role of the finance function from financial steward to enabled. The extended COVID-19 pandemic has upped the ante in the race to finance agility. Source: Financial Accounting Advisory Services (FAAS) | 7th Global Corporate Reporting Survey | February 2021, EY. Best practices.
Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals.
“Finance automation technology integrates machine learning and artificial intelligence for use in areas such as financialanalysis, payroll administration, invoice automation, collections action, and preparing financial statements. Which aspects of the finance function would you think will benefit most from automation?
Members’ Profile: Ntombi Melamu In this edition of our CFO Spotlight series, we are featuring Ntombi Melamu, the Managing Director and Founder of FinAscend, a firm she established in 2019 to support small and medium-sized businesses with tailored financial solutions. What sparked your interest in finance?
Doug Potvin’s journey to becoming the CFO of Trinity Logistics reveals the power of adaptability and continuous learning. Initially captivated by technology in high school, he pursued a degree in computer science—only to discover a passion for finance during a college course. A CFO can effect change.
Clemente Cohen’s finance career began in the early 1990s inside the Munich offices of Silicon Graphics, approximately 6,500 miles from the Silicon Valley company’s headquarters and some 7,500 miles from his birthplace in Argentina. This shift allowed him to be more hands-on in driving business transformation and growth in a more direct way.
Members Spotlight: Engela van Loggerenberg At CFO Club Africa, we take pride in sharing the stories and achievements of our members through a dedicated profile series. In this edition, we’re featuring Engela van Loggerenberg, Group Financial Director, whose leadership and commitment to excellence have shaped her career.
Crafting Strategic Visions with Roger Castle In the latest CFO Club podcast, Leana van der Merwe sat down with Roger Castle, an accomplished CFO and finance expert with decades of experience across industries such as cloud management, online advertising, financial services, and telecommunications.
As your business grows and success becomes more tangible, the complexities of managing your finances increase as well. Whether you’re working with a bookkeeper or virtual bookkeeping services , adopting advanced techniques can significantly improve your financial management. This is where a fractional CFO can be invaluable.
The discussion on Environmental, Social, and Governance (ESG) has not died out, as it only became more relevant within the Finance department, as the global conversation around it continues to evolve. Incorporate Non-FinancialAnalysis: Ipsos says organisations must recognise that not all ESG benefits are easily quantifiable.
The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. 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.
The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.
“The role of the CFO has become one of the most complex and demanding in the C-suite. From financial expertise to strategic decision-making to risk and stakeholder management, successful CFOs should possess a diverse skill set to help guide companies through ever more complex business landscapes and financial and regulatory environments.”
In nonprofits, managing your finances effectively is essential to running a sustainable organization. Not only does good financial management help keep your organization running, but it also helps bolster trust in your nonprofit. A Chief Financial Officer (CFO) is a C-suite financial manager for your organization.
With 2025 seeing continuations of how artificial intelligence takes over the market , including the Finance function, it is important how finance leaders get a good grasp of how they can make use of technology for revenue.
It took me years to be skilled in financial planning and analysis. Not every finance professional can be sharp enough to detect key highlights and provide analysis for the financial statements. It still needs a level of financial acumen to probe the data and ask the right questions to the system.
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. Both the CFO and Controller deal with the company’s finances, but they focus on different things.
One game-changing strategy that’s become increasingly popular is leveraging Fractional CFO services. These part-time financial experts provide strategic guidance without the hefty price tag of a full-time CFO, making high-level financial leadership accessible to all businesses.
Building Effective Finance Teams: A Guide to Staff Management Building a top-notch finance team is like assembling a puzzle where each piece needs to fit perfectly. In this article, we’ll explore practical strategies and real-world examples to help you build an effective finance team that can elevate your company to new heights.
The need for strategic financial planning and real-time financial reporting has never been more critical. However, hiring a full-time Chief Financial Officer (CFO) can be a significant financial burden for small enterprises. Discover how virtual CFO services can transform your business today.
But what does Chat GPT mean for finance teams? Financial institutions are increasingly leveraging NLP technologies to improve their customer service and streamline various financial processes. GenCFO recently polled their users on LinkedIn and found that 65 percent felt that Chat GPT has a place in accounting and finance.
“`html Strategic Partnerships with Fractional CFO Services In today’s fast-paced business world, companies of all sizes are on the hunt for ways to streamline operations, cut costs, and foster sustainable growth. One game-changing strategy that’s become increasingly popular is leveraging Fractional CFO services.
What makes for a sought-after chief finance professional (CFO)? According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. David Jones.
Only 30% of CFO-CIO relationships are characterised by strong collegiality and business centricity, said Gartner recently when releasing results of a survey of 183 executives including both CFOs and CIOs. Finance can do this by conducting financialanalysis and providing early input on the financial feasibility of technology plans.
Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Resolve accounting and finance problems.
Most finance functions are behind other functions in AI implementation. According to a survey of 130 finance leaders and 91 associates in administrative support functions by Gartner in June this year, 61% of respondents either have no plans for AI implementation or are still in the initial planning phase.
By offering that openness, he reinforced his belief that finance isnt just about numbers, but about building trust and forging a clear path forward. Read More Today, that spirit of transparent communication fuels Robbinss approach as CFO. CFOTL: Looking ahead, what are your key priorities as CFO over the next 12 months?
The quick ration requires no complex financialanalysis – just simple arithmetic on the balance sheet. If you do not have a good finance team, you are more likely to miss the early warning signs in financial statements. The post Early Warning Signs of Financial Trouble in Your Business appeared first on CFOShare.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content