The roles and responsibilities of the modern CFO have transformed in the last decade. Aside from bean-counting and number-crunching, CFO tasks and responsibilities have evolved as a response to disruptions in technology, regulatory compliance, and risk management.

The roles and functions of a CFO in a company have evolved in the past decades that it’s no longer enough to have accounting expertise alone. For better CFO strategic decision-making, they should have access to better quality financial data. Besides having a strong business acumen, CFOs should also have solid data analysis skills to help them cut through the noise and make data-driven decisions.

Before the turn of innovation, chief financial officers (CFO) had been responsible for all financial movements within a company. They are responsible for the accuracy of the company’s books, providing financial statements and statutory compliance.  However, with the growing demands of the finance and accounting (F&A) industry, the responsibilities of a CFO also extended beyond its breadth by welcoming employee management duties and deploying strategic plans for the company.

With the increasing demands in the finance and accounting (F&A) industry, chief financial officers (CFO) now have more challenging management responsibilities. You may find yourself tangled between accounting duties and supervision tasks, making it hard to juggle all the endeavors that come in between. But with commercialization and innovation on the rise, there have been creative solutions to cater F&A concerns, and one of which is finance and accounting outsourcing.

The journey to the United Kingdom’s exit from the European Union continues to encounter roadblocks. The most recent of which is the House of Common’s (HoC) rejection of Prime Minister (PM) Theresa May’s Brexit deal by a huge margin (Yes - 202 ; No - 432). This development creates great uncertainty in the future of the Brexit deal  and the next steps after the Brexit, especially with the 29 March deadline coming fast.

Outsourcing is a big step especially for companies who have never experienced this business model. For those who have made the leap to avail outsourced CFO support solutions, the next logical step is to find the right outsourcing partner.