Accounting Blog for Business

The role of the CFO has evolved in the past decade. Traditionally, CFOs were considered as mere bean counters who keep the books balanced and the company’s finances in order. However, the global business landscape of today demands CFOs to have a broader skill set to face more complex challenges.

What are the key skills of a CFO that set good ones apart from the mediocre? To succeed in the challenges of the coming year, they have to possess the following CFO skills and abilities.

More often than not, it is not the decision itself that make things hard for us, but it is the quantity of options that we can take. This still rings true in choosing your payroll service solution. With the number of excellent Australian payroll software available in today’s market, there’s nothing surprising about business owners being overwhelmed with options.

Now, if you find yourself in this situation, you’re reading the right article. Here are some points that you should consider in choosing your Australian payroll software:

As a chief financial officer (CFO), your work day is filled with various meetings and tasks that can be daunting at times. Indeed, managing the financial and accounting aspects of your business is no simple task.

For this reason, we put together a short list on what you can do to help you breeze through a difficult day at work. Be prepared to face any CFO challenges and get things done by following these tips:

Robotic process automation in accounting brought drastic changes in the industry. From changing how professionals work, to transforming the way we handle  government compliance, it is understandable that even professionals and industry leaders develop fears and misconceptions about the technological innovation.

To help you dispel the thoughts that are holding you back from accepting robotic accounting, here are some myths and misconceptions about robotic accounting, and the real facts to address them:

Chief financial officers (CFOs) of today owe it to themselves to keep abreast with the latest developments in their industry.

Given the increasing frequency of technological disruptions and the volatility of the political landscape, CFOs have to be up to the task of developing long-term strategies that will steer their company towards success while taking into consideration the rapid advancements in financial technology.

Let’s face it, CFOs are actually not the most technologically progressive leaders in the business world. Their role in ensuring that everything in the finance and accounting department is in order makes them averse to changes in the process, especially when there is already one in place.