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Latest News

The CFO’s Role in Managing Cybersecurity Threats and Risks

Prashanth Southekal

When it comes to business, today increasing number of organizations are implementing various digital, data, analytics, and AI solutions for improved business performance. These trends have created tremendous business advantages, but they have also resulted in increased risks and threats in cybersecurity.

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In a Volatile Economy, Purchasing Practices Need to Change

Steve Rosvold

Manufacturers must change procurement systems - Production efficiencies, rapidly rising commodity prices and increasing price volatility demand a new approach to purchasing for manufacturers.

Three major changes over the past 2 decades have created a need for manufacturers to change their procurement systems.

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CFO Talk: Secrets for CFOs in Managing Their Boards with Anand Soni

Anand Soni and Steve Rosvold

In a recent episode of CFO Talk, seasoned finance leader Anand Soni shares insightful advice on managing boards and ownership as a CFO. His extensive experience in handling complex family-held businesses offers valuable lessons for finance professionals seeking to navigate the challenges of dealing with board members and ownership. Enjoy this CFO Talk with Anand and Steve.

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Which Pillar Will Be Most Critical To CFO Success In 2024?

Steve Rosvold

For the third year in a row we polled the global finance community to determine if there have been shifts in what Pillar is most important to CFO Success.

A little background on the Four Pillars before we dig into this year’s poll results.

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3 Top Opportunities for Chief Financial Officers in 2024

Steve Rosvold

In our annual poll asking, ‘Which Pillar Will Be Most Critical To CFO Success?”, leadership invariably takes the top spot. The term Leadership can take on many different meanings. This one from McKinsey we find especially useful.

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Categories

Accounting

Governance & Controls – structure and controls.

Transaction Recording – systems, transaction processing and closing the books.

Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.

Finance

Business Planning - provide the financial roadmap for the company with supporting analytics.

Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.

Investment Analysis - the framework to analyze new opportunities as they present themselves.

Treasury

Cash Management - the discipline to ensure cash is available to operate the business normally.

Funding - Planning for and raising funds to meet the needs of the business.

Risk Management – Identification and mitigation of key business risks.

Leadership

Self-Awareness - Internal.

Team Building - External.

Strategy & Culture – Motivate people to follow you.

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