Organisations frequently find themselves navigating through periods of rapid growth or undergoing significant changes. Whether it be expanding into new markets, undergoing a merger or acquisition, or responding to industry shifts, these transformative moments demand strategic decision-making and financial acumen.
Over the past two years, many industries have been financially impacted by the Covid-19, in ways nobody could possibly have predicted. However, as in the last financial crisis in 2007-08, the best performing companies looked to improve productivity, which provided the capacity to grow quickly once into the recovery period.
The reason why a business should have an outsourced CFO is that they offer ‘strategic financial insight and manoeuvring that leads to increased revenue, without the need to pay a full-time CFO salary.’
There are very few business owners who wouldn’t welcome expert financial advice and financial help if it was available, as good financial advice and financial management are keys to success for any business, small or large.
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.
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