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This experience reinforced Eckstein’s belief that leadership means taking full responsibility, even when circumstances are inherited. ” Through these efforts, Eckstein began to repair the business unit’s trajectory, validating that accountability and decisive action are essential to strategic leadership.
Evolving role Historically, CFOs were the stewards of financial reporting and compliance. Arellano-Geronimo describes the transformative journey of finance leadership, which is characterised by the need to innovate, be agile, and focus strongly on strategic business insights.
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From engaging with your supply chain to integrating advanced analytics and reporting, this paper charts a clear path to compliance and leadership in corporate sustainability. It’s no surprise that enterprises still struggle to track and manage these emissions. '10 Get it now.
A CFO takes their financial expertise and channels it into a strategic leadership role to create financial success for the company and its stakeholders. As such, their responsibilities include: budgeting and forecasting, managing mergers or acquisitions, and handling compliance issues.
The organizations that thrive have a shared commitment to financial discipline, strong internal controls, and strategic leadership. Financial literacy across leadership teams These steps build internal trust and alignmentessential for long-term success. Its not just about clean books or audit prep. If so, whenand how?
Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Under Elizabeth’s leadership, GDC has achieved remarkable environmental milestones.
While compliance is mandatory, e-invoicing can bring significant benefits to businesses if approached strategically. When planning your implementation, think beyond compliance. Without it, you risk compliance issues, transaction delays, and even financial penalties. Whats in It for You? Errors can lead to rejected invoices.
Recognizing the need to enhance my managerial capabilities, I pursued a Postgraduate Diploma in Management, which equipped me with essential leadership skills. First and foremost is financial acumen—understanding financial reporting, budgeting, forecasting, and compliance is foundational.
Key stakeholders from an ESG perspective would be the chief financial officer and the chief compliance officer,” she adds. Soni Three challenges As ESG reporting becomes more commonplace – albeit not mandatory at this time, Soni cites several challenges leadership will face in the production of such reports.
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. About The CFO Leadership Council. Meet Our First 10 Ascend Honorees.
When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. Failure to Submit Performance or Compliance Reports on Time Every federal funder has strict deadlines for periodic performance and compliance reports.
As companies continue to push the envelope of their data-driven ambitions, it is natural to conclude that the management and privacy of data is a concern not just for the privacy officer or the legal department, but the rest of the leadership including the CFO. Anna Russell.
Outsourcing HR – 8 Benefits of Virtual or Fractional HR Leadership. To bridge this gap, organizations are calling on fractional HR leadership. Here, we look at eight benefits that fractional HR leadership provides to a wide range of businesses. 3. Awareness of Compliance Obstacles.
Meanwhile, she added that success in finance leadership must “go beyond work”, especially with the current situation. It impacts your family, mental and emotional health, so the leadership must be just beyond the normal. The post Finance leadership in the COVID era appeared first on FutureCFO. Editor’s note: Ms Joweehlyn B.
This is why Im calling CFOs to rise to the occasion and embrace automation as an act of leadership and stewardship. This allowed leadership to make faster, data-driven decisions. Compliance and Risk Reduction The regulatory landscape is ever evolving. Investors rely on your numbers to make informed decisions. The result?
She had excelled quickly, so much so that she was assigned to a leadership role in a major audit project just 2 years into her career. Her leap for personal reasons ultimately led her to a leadership role that she hadn’t anticipated—a twist in her journey that eventually set her on the path to becoming a CFO.
With the future of finance circling the management across functions, the formation of the right concoction of capabilities, and the establishment of a strong data foundation, it is expected that finance leaders look into strategies to not only succeed but also sustain transformative leadership.
Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. Inspections: It conducts regular inspections of registered public accounting firms to assess compliance with PCAOB standards and applicable laws and regulations.
He opines that ESG topics have become one of the first agendas in Board/leadership meetings within organisations due to the evolving regulatory landscape. The post Delivering value beyond compliance with ESG reporting appeared first on FutureCFO.
Companies must take a structured, strategic approach that aligns leadership, streamlines processes, and maintains stakeholder confidence. A well-defined PMI model typically includes: Pre-Integration Planning: Establishing objectives, leadership alignment, and an integration roadmap before the deal closes.
Security and Compliance: As companies migrate to the cloud, they can rely on their cloud ERP provider to prioritize data security and regulatory compliance. Leading cloud providers invest heavily in security measures and compliance protocols to protect sensitive information.
The professionals you really want the ones who understand both compliance and strategy, who can hold their own in front of auditors, and who arent afraid to challenge the numbers theyre in demand. Your finance team looks to you for more than technical leadership. And it starts with leadership. Especially in finance.
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. Share your favorite leadership lesson.
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Along the way, she understood that it was incumbent on finance leadership to make sense of raw data within companiesfinance leaders must connect figures to overarching strategy in a way that resonates with board members, employees, and investors alike.
Critical Thinking: The CFO’s Secret Weapon in an Uncertain World South Africa’s economy is anything but predictable, with CFOs often finding themselves at the intersection of financial stewardship and strategic leadership. Stay updated on regulatory changes, such as tax reforms or ESG reporting requirements.
Streamlining global financial management for growth, compliance, and stability comes hand in hand with an organisation's expansion, a benefit offered by cross-border virtual CFO services. The post The benefits of cross-border virtual CFO services appeared first on FutureCFO.
While accuracy, control, and compliance remain core responsibilities, the modern CFO is also a strategic communicator someone who can turn financial complexity into actionable insight. The ability to simplify complex ideas and communicate them clearly across diverse teams is no longer a soft skill; its a critical leadership function.
As a CFO, your role goes far beyond reporting figuresyou shape strategic decisions, guide leadership, and influence confidence in the business. Get it right, and you build trust, reinforce stability, and ensure alignment across leadership. So, how do you deliver tough financial truths without unsettling your stakeholders?
If they want to continue to grow and increase their capacity, they'll need to make several important decisions and address a plethora of legal and compliance requirements not only to avoid potential legal issues but also to ensure that their business will continue to operate smoothly.
In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.
From federal grant compliance to donor transparency expectations, nonprofits must meet a growing list of financial integrity standards. Implement a Strict Conflict of Interest Policy Every nonprofit should require board members and key leadership to disclose conflicts of interest annually. The bottom line?
Leadership Is What Makes It Stick You can have the most well-thought-out vision and the most detailed financial strategybut if no one follows, youre just talking to yourself. Thats where leadership comes in. Compliance is tightening. The CFO who knows how to set direction isnt just following the strategytheyre leading it.
Our recent achievement of SOC 2 compliance underscores our commitment to providing clients with the highest level of data security and privacy. This is why SOC 2 compliance is critical. Key Lessons from a SOC 2 Compliance Journey The path to SOC 2 compliance is both challenging and rewarding.
s improved adherence to compliance and integrity standards, driven by regulatory pressure and management focus. The survey highlights key factors like policy developments, leadership role, and customer demand for ethical standards. A new report from EY shows India Inc.'s
This latest installment in our ongoing DSE blog series takes a step back with a holistic look at the entire order-to-cash process and explores how revenue accounting compliance can seamlessly integrate with DSE. Compliance with ASC 606 / IFRS 15 requires separate cumbersome processes. How to Get Started?
It now demands a strategic, forward-thinking approach that incorporates digital transformation, sustainability, data-driven insights, and human leadership. ESG as Strategy, Not Obligation One of the biggest challenges, Meriam notes, is reframing sustainability not as a compliance burden, but as a strategic advantage.
Source: Data collected during the FutureCFO Conference series in 2024, Cxociety Research Coming into 2025, as finance leaders face mounting pressure to do more with less while driving growth and maintaining compliance, they are turning to digital solutions and holistic approaches to reshape and modernise financial processes.
They should also invest in developing their soft skills , such as communication, leadership, and decision-making. Cultivate soft skills : Focus on developing communication, leadership, and decision-making skills. Embracing the future The future of finance is bright, but it requires a willingness to adapt and embrace change.
Today, a CFO and CEO may hold different primary responsibilities yet both are comparable in terms of the leadership role they play and the impact they can have in the success of the organisation. A synergy between the two is an essential cornerstone driving growth and innovation within an organisation.
This document broke down predicted income for the current and future fiscal years, providing clarity for both the leadership team and the board. Learn more about compliance requirements for nonprofits here. Morris emphasized the importance of honoring donor intent, even when it may conflict with standard accounting practices.
Key Financial Readiness Considerations To prepare for the scrutiny of public markets, leadership teams must assess their ability to: Generate SEC-compliant financial statements within required timelines. Maintain compliance with ongoing disclosure and transparency requirements. Produce comprehensive board-ready financial reports.
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