FOOD FOR THOUGHT

A familiar scene: you’re on your way to a board meeting alongside your C-suite. You and your team have formulated a plan that could revolutionise the business, but you need board approval to get started.

A CFO is unlike any other financial professional. They are more than just an analyst, more than just a strategist, more than even a leader: they’re a sign that your business is ready to “play with the big boys”, a symbol of rising success to your employees and any potential investors that may be watching.

CFOs are valuable, but they’re also expensive. In fact, for a full-time, salaried CFO, you can expect to pay just under $140,000 a year. Add in the additional secondary costs, such as paid leave, insurance benefits and sick days: that significant sum simply grows larger.

Chief financial officers (CFOs) are valuable to your business; but just how valuable? Measure their performance with the right CFO KPIs: here’s how to get started.

The role of the chief financial officer (CFO) has evolved with modern business requirements. Could you now benefit from their increased skillset? Here’s what the new, modern CFO can offer your business:

Do you know the difference between the CFO and controller? Which do you need for your business? This is what each accountancy and financial professional offers your company:

A chief financial officer (CFO) might seem like an expensive luxury for a small business. But the question shouldn’t be if you can afford one, but rather can you afford not to have one.

Is your chief financial officer (CFO) up to standard? Are they achieving, or are they lagging behind?

CEOs and business owners: do you need a CFO? Can you afford not to have one? These are the three signs to watch out for:

Virtual CFOs are a relatively new phenomenon, spurred on by increasing digital accessibility and the demand for business advisory on a budget. However, some virtual CFOs have already distinguished themselves from their peers in terms of quality.