As the CFO role evolves and expands, holders of the position are being required to have more impact on their organizations.
The role is moving toward more proactive leadership. This shift is moving CFOs
• from Facts Only to Future focused
• from Cost reducer to Value creator and
• from a Compliance mentality to a Strategic mindset
Spreadsheets serve a wide range of utility which is evident from their ubiquitous presence in any organisation. Given their general purpose nature, they are used in different departments ranging from sales, marketing, HR, finance and operations. However, lately with the advent of multiple payment options, payment gateways and associated infrastructure, spreadsheets are falling short in serving the needs of finance operations.
Many business owners, CEOs and CFOs don’t engage in a formal business valuation exercise because they ‘think’ they know the value of their business. That can be a dangerous assumption.
The following are examples of when business leaders typically engage in a valuation exercise.
Managing the finances of a business is a crucial aspect of running a successful company. Budgeting and forecasting are two essential tools for financial management, but they are often confused or used interchangeably. In this article, we will explore the key differences between budgeting and forecasting and discuss why both processes are critical for driving business success.
This article tackles three issues facing CFOs and other finance leaders.
