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The Inquisitive CFO: Leveraging Curiosity for Company Growth Curiosity is often overlooked as a professional skill. Yet, for a Chief Financial Officer (CFO), curiosity can be a secret weapon to drive company growth. Here’s how curiosity can transform the CFO role and lead to meaningful business growth.
Nearly half of execs expect cyber attacks on financialdata to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.
In the ever-evolving landscape of financial services, the role of a Chief Financial Officer (CFO) is more pivotal than ever, particularly in industries like hospitality. Here, financial nuances can make or break expansion efforts. As businesses aim for growth, astute financial management becomes essential.
The situation is so complex sometimes and the treasury so important in the complete review of the whole finance, that the problem must be decided by the CFO himself. Some MNCs have decided to do this, taking the risk, but with the certainty that they will eventually be able to manage the integrated data in a single system.
Guillenwho led the automakers push for production scale and supply chain agilitybelieved a different path could better serve the company, but needed someone with operational and financialdata at her fingertips. Today, as CFO of Mytra AI, Gantus tells us she carries forward the mindset that met success at Tesla.
In today’s fast-paced digital landscape, the role of a Chief Financial Officer (CFO) in the financial services industry has evolved significantly. No longer confined to traditional financial management, CFOs now play a pivotal role in safeguarding their organizations against increasingly sophisticated cyber threats.
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. What key skills should a newly qualified accountant develop on their path to becoming a CFO?
For Matt Collis, CFO of PairSoft, storytelling is more than a skillits a strategic tool for aligning teams and scaling businesses. Whether leading acquisitions or guiding cross-functional teams, Collis uses financial narratives to clarify priorities and inspire action. These growth strategies make this an exciting time for PairSoft.
In a role filled with financialdata, strategic meetings, and high-stakes decisions, active listening can drive better outcomes and turn tough conversations into collaborative wins. Examples from the CFO World Dealing with Teams CFOs frequently negotiate with internal teams over budgets, resources, and targets.
Frances, who was promoted to CFO in August 2021, particularly enjoys this aspect of her role which she says is much more commercial and strategic than her previous one. “I I really enjoy presenting financialdata in a way that’s easy for someone without a financial background to understand and explaining things in laymen’s terms.” . “I’m
What Role Does Your CFO Play in Contingency Planning? A business’ finance and accounting departments look up to the CFO for guidance—especially now, in light of the unexpected nature of the past two years’ fluctuations. This considered, the role of CFOs in contingency planning and crisis management is indispensable.
Discover how to transform your financial reports into investment magnets by aligning them with investor expectations. Clear, precise, and comprehensive financial reports that meet investor expectations are indispensable. Emphasizing robust financial performance and growth prospects is key.
As OneStreams CFO, he was juggling the details of going public when a small AI startup called DataSense caught his attention. By championing technology that marries predictive power with secure financialdata, Koefoed tells us he is helping steer OneStream toward a future where finance and AI intertwine.
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.
Now, picture the opposite: instant access to real-time financial insights, automated compliance checks, and AI-driven forecasts guiding your next move. This is the power of Financial Information Systems (FIS). Often, finance teams work separately from sales, operations, and HR, leading to inconsistent financialdata.
Businesses can use it to generate product descriptions, performance goals with employee-specific target metrics, and narrative reporting to accompany financialdata. Making this a reality starts with accurate, real-time, and expansive financialdata.
CFOs are well experienced finance professionals who know how to lead their team and the finance company through many different scenarios. Supposing a CFO has a couple years of experience, they have been through many ups and downs, uncertainties, and market changes that would have left them prepared for future challenges.
Once upon a time the role of CFO was focused on backward-looking data. However, these days, chief financial officers do a great deal more than financial reporting. Marry Finance With Strategy It’s not enough to provide accurate financialdata.
The majority of leaders at financial institutions say interest rates will drive business model guidance this year but few are leveraging financialdata to support these changes.
Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know Navigating the complex landscape of regulatory reporting in South Africa can be daunting, especially for CFOs who bear the responsibility of ensuring compliance while also driving strategic financial decisions.
Whether it’s market disruptions, new regulations, global events, or unexpected crises, Chief Financial Officers (CFOs) are often the ones steering the ship through stormy seas. Making the right decisions during uncertain times can be tough, but it’s also one of the most important skills a CFO can have.
Wong says the ability to connect financial insights to the broader business landscape is crucial. “A A great finance leader sees the bigger picture, understanding how financialdata aligns with organisational goals and drives growth. “I believe impactful leaders empower others to grow, creating strong, capable teams.”
A great CFO doesn’t just understand finance, operational drivers, and shifting market conditions. A great CFO has to persuade the rest of the management team to follow their advice. That’s why storytelling is such an essential skill needed to be a CFO. That’s why storytelling is such an essential skill needed to be a CFO.
To make sure everything aligns: Set up strong internal processes Have a clear system in place for collecting and verifying financialdata. Some useful tools include: ERP (Enterprise Resource Planning) systems These systems (such as SAP, Oracle, or Sage) help track financial transactions and automate reporting.
Implement Sign-Offs and Quality Assurance from Other Departments Asking your bookkeeper to validate all financialdata is unrealistic and sets them up for failure. Instead, create a system where department heads are responsible for confirming the accuracy of some data. This is where a fractional CFO can be invaluable.
Nonprofits that prioritize financial transparency can: Build stronger trust with donors and grant providers Make informed, strategic decisions to drive impact Strengthen their fundraising efforts with credible financialdata At The Charity CFO, we specialize in helping nonprofits navigate audits, donor scrutiny, and financial management challenges.
At a recent roundtable, one CFO commented she can’t recall a period in recent years where her team had done so many “what if” analysis than in 2020. Another CFO pointed out that COVID-19 has elevated stress testing to a whole new level. Only 28% were completely confident in the accuracy of their company’s financialdata.
Many nonprofit leaders think accounting belongs solely to their CFO or accountant. But what if the key to financial clarity and stability lies in sharing the load? In this article, well explore why financial management is a shared responsibility and how nonprofits can use this strategy to drive their missions forward.
The real value lies not in reporting the past but in questioning, interpreting, and challenging financialdata to drive better decisions for the future. Financial reports are produced the same way they have always been. The post Numbers Never Lie but They Rarely Tell the Whole Story appeared first on CFO Club Africa.
Keeping that in mind, let’s go over what we’ve learned at The Charity CFO While supporting hundreds of nonprofits with their budgets. Use Historical Data : Analyze past financialdata to identify trends and anticipate future needs. At The Charity CFO , were here to help you master nonprofit budgeting.
If someone struggles with presenting financialdata, offer tips, resources, or even a mentor to help them improve. As CFO, you can drive this by introducing tools that streamline processes and improve decision-making. Tools for automation, predictive analytics, and financial dashboards are becoming essential.
With over 200 integrations (think ERP and CRM systems), its built to streamline financialdata management, budgeting, forecasting, and more. Real-time data consolidation and anomaly detection. Tailored for CFO needs with predictive insights. Tailored for CFO needs with predictive insights.
This allows CFOs to stay laser-focused on triggers and initiatives that account for most of their business value. For dynamic forecasting to work effectively, CFOs need a scenario and modeling platform that supports real-time data updates. It combines financialdata, customer, and sales data with operational data at scale.
Members’ Profile: Yvonne Dias In this edition of CFO Club Africa’s Members Spotlight, we are introducing Yvonne Dias, the Group CFO at MINT Management Technologies. Serving as the CFO has been a role that I’ve truly enjoyed. What advice would you give to someone aspiring to be a CFO? Focus on: 1.
Giselle Arellano-Geronimo For instance, integrating cloud-based systems allows for greater flexibility and accessibility of financialdata, enabling finance teams to collaborate more effectively. This involves investing in technology that automates routine tasks and provides valuable insights that can drive competitive advantage.
Charlie Cheah , managing director, Esker Asia , believes that CFOs and in a bigger context, the Office of the CFO in Asia, face several challenges when integrating AI into financial systems, given the region's diverse technological landscape. "In Regulatory Variations: APACs regulatory environment for AI is still evolving.
This isnt always easy, but looking at past financialdata and market trends can help create more accurate estimates. Steps to Creating a Budget That Works Creating an accurate budget starts with looking at past financial records. The post How to Create Accurate Budgets for Business Units appeared first on CFO Club Africa.
For many companies, particularly small to mid-sized enterprises, hiring a full-time Chief Financial Officer (CFO) isn’t always feasible due to budget constraints. However, this doesn’t mean they have to compromise on financial strategy and oversight. Discover how a Fractional CFO can transform your business today.
You can track invoices, payments, and expenses in real time and securely access your financialdata from anywhere. Sage Intacct provides centralized access to all your financialdata, from bills and payment status to approvals and audit trails, so you can be sure your financial statements are accurate.
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. As an executive-level role, the CFO is in charge of guiding the overall financial strategy of the organization.
For many businesses, especially startups and small to medium-sized enterprises, hiring a full-time Chief Financial Officer (CFO) can be financially daunting. Enter the fractional CFO—a cost-effective solution that delivers high-level financial expertise on a flexible basis.
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