HomeTag

CFO Archives - CFO Australia

What are the benefits of Outsourced CFO Services?

Numerous small to medium sized businesses (SMB) have outsourced their CFO function to a CFO Service company and for a number of good reasons: The costs of a full time Chief Financial Officer (CFO) are often prohibitive for a small or medium sized company. It is virtually impossible to find a part time CFO, often because experienced CFO’s who want to work part time are working for CFO Service companies and not available for smaller organisations.

What value can a CFO bring to my business

A CFO can make a huge difference in the way a business grows and how it operates on a day-to-day basis, as well as having a dramatic impact on the financial strategy, including forward planning, capital raising, borrowing, financial and tax planning, compliance, and business owner exit. It is hard to disagree a chief financial officer or CFO services don’t add significantly to a business.

Outsourcing CFO services will give companies all the benefits of having a highly skilled and experienced Chief Financial Officer (CFO) on their team, but at a much-reduced cost.

The value of CFO Profiling

Organisations normally engage in developing a robust CFO Profile when they need to recruit, however conducting the same process within your organisation when recruitment is not the focus can have great benefits for aligning business strategy with the individual and team.

How a Board can influence an SMB Business?

A functional Board contributes to the overall productivity of the organisation and staff often look to the Board of Directors for guidance, regulations, support, and the tools and resources to do the work that is expected of them. When a Board is lax or negligent, or does not take care of tasks and responsibilities, it doesn’t take long before staff and the daily operations of the organisation are affected.

What are you projecting – The Power of Feedback and Perceptions

Ever been given feedback that you disagree with? What was your response? If you are like most, then your response was probably along the lines of: Anger; “Where does he/she get off telling me that.” Denial; “That’s not how it happened.” Deflection; “He/she should concentrate on their own problems.” Righteousness; “What would he/she know? I know more about this than them.”

Page top