CFOs Becoming More Strategic

 

CFOs Becoming More Strategic

As the head of a finance organization there is a perpetual battle for your time between tactical issues and strategic initiatives.

Tactical Strategic
Production of Financials Fund Raising
Audit Support Profitability Analysis
G/L Management Contract/Pricing Model Standardizatoin
Systems Evaluation/Configuration M&A Analysis
Process Management Managing Business Investment
Financial Model Maintenance Analyzing Avenues for Revenue Growth

Like most successful executives you want to be more strategic, so what stops you?

More than likely you fight one or several of the issues below:

  • Your time is consumed in driving day-to-day finance related deliverables
  • You fight resistance to change within the finance organization to better support the business
  • You are bogged down with staff attrition & management headaches and systems and IT challenges
  • Your finance team lacks the skills to generate reports required for doing real business analysis and driving accountability

Many CFOs deal with these problems month after month hoping it will just get better.  Other CFOs decide they need to seek help in proactively driving change to break this cycle for the business and their own careers.

Take the case of one small/mid-market company CFO who decided he needed things to change to become more strategic and:

Click here to read the full article.

If you would like more information about how you can offload tactical finance headaches and increase the time you have available to address your company’s strategic objectives, feel free to contact Consero for a no-cost consultation.

Consero provides small and mid-market companies with a superior alternative to building and managing an in-house finance function.

Consero’s unique Empower Financial Platform combines professional staff, established processes, controls and scalable technology applications to help our clients to address complex financial requirements, scale finance operations quickly and cost-effectively, and reduce G&A expenses to allow for greater investment in driving and supporting top line growth.

Click Here for our free white paper on transforming an accounting function to a strategic asset

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Frustrated with the financial information you receive to support your decision making?

For many executives of small and mid-market companies, trying to run the business with little to no accurate and timely financial data or performance metrics is just a way of life. Decisions are made with outdated accounting data from prior periods and through “back of the napkin” calculations for upcoming periods. For those executives who recognize the value of financial metrics and forecast data, this process provides insufficient visibility and handicaps their decision making ability which can lead to:

  • Misuse of short term cash
  • Squandering of essential resources on non-profitable clients
  • Investment in the wrong projects or products
  • Inability to see & respond to operational problems in the business

Basic financial modeling and forecasting can allow growing companies to avoid these pitfalls. A proper finance support function is able to provide the critical periodic performance metrics & forecast data needed by executives to see what is happening in the business and make more informed decisions.

Click here to read the full article.

If you would like more information about how you can improve the quality of the financial information you receive to better support decision making and increase profitability, feel free to contact Consero for a no-cost consultation.

About Consero

Consero provides small and mid-market companies with a superior alternative to building and managing an in-house finance function.

Consero’s unique Empower Financial Platform combines professional staff, established processes, controls and scalable technology applications to help our clients to address complex financial requirements, scale finance operations quickly and cost-effectively, and reduce G&A expenses to allow for greater investment in driving and supporting top line growth.

Click Here for our free white paper on transforming an accounting function to a strategic asset.

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