Businesses are facing a lot of uncertainty in today’s landscape. Having the right information can help them steer away from making bad choices. This is where CFO outsourcing comes in. Learn how this cost-effective solution can help you make financially sound decisions.
As leaders of their respective finance and accounting (F&A) departments, Chief Financial Officers (CFOs) are looked up to by F&A professionals during this global crisis. The role of the CFOs in contingency and crisis management is indispensable. Here are key points on the CFOs role in steering their departments in the midst of the ongoing global crisis:
As a business owner, it’s important that you keep abreast with industry trends while having a thorough understanding of your company’s internal operations. Nevertheless, when your business is rapidly growing, it can be difficult to keep up with all these responsibilities while meeting the demands of your investors and stakeholders.
Traditionally, the CFO function has largely focused on compliance and financial management, with tasks revolving around financial planning and analysis, risk management, and cost control. Today, we review the role of the CFO in business transformation.
Automation is taking over a number of roles in the finance and accounting (F&A) industry. From bookkeeping to data analytics, and even to the offices of Chief Financial Officers (CFOs) automation and digitalization have made their marks. Today, the digital transformation of CFO roles is necessary to help CFOs benefit most from new F&A technologies and navigate the demands of the industry. But how exactly does this digitalization affect the role of CFOs? Here are a few points on how automation and digitalization will affect CFO roles.