As the role of the CFO evolves (see Managing Job Creep in the CFO Role), the roles in their team are also evolving. In the past 20 years a key position bridging corporate finance and business operations has been the Finance Business Partner. That role is also evolving.
Gustav’s Corner: AI News for CFOs, a twice monthly column by Gustavo Porporato Daher, scans of the latest breakthroughs in artificial intelligence that matter most to finance leaders. Each edition distills big developments from the tech world into practical insights you can use to anticipate change, guide strategy, and keep your organization future-ready.
In today’s VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) world, the role of the Chief Financial Officer (CFO) and finance professionals is undergoing a profound transformation. Once viewed primarily as stewards of financial reporting, today’s CFOs and finance teams are increasingly regarded as strategic leaders, providing invaluable insights that shape business strategy, uncover growth opportunities, and drive the overall direction and performance of their organizations. CFOs today are now expected to deliver real time insights guide strategy and ensure compliance.
I stood there in Gary’s office. My client was a giant of a man. The leader of his company. Stoic. Reserved.
Me, a young woman, barely 30, investigating one of the first fraud cases I had been engaged to conduct, and certainly the biggest fraud I had seen to date. Within 48 hours of arriving at my client’s location, I was staring at a fraud in excess of $1 million and I had barely scratched the surface.
In a business sale process, a merger and acquisition advisor (M&A advisor) will request an Indication of Interest (IOI) from potential buyers after they’ve had an opportunity to review a Confidential Information Memorandum (CIM). In the world of mergers and acquisitions, an Indication of Interest (IOI) is a way for potential buyers to tell the seller what type of offer they are contemplating. The IOI, along with other information gathered about the buyer, will determine if the buyer will be invited to continue participating in the sale process.
