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What is the first thought that comes to your mind when you hear the word "Chief Finance Officer" (CFO). Let me guess; accounts, finance, taxation, numbers, excel, budgets, the guy who doesn't smile etc? Well if you picked one of the above choices or were even close to one of the above then let me tell you what a modern day CFO is role has evolved into.
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Here, I, Maureen O'Connell, CFO at Scholastic Corporation wish to point out 3 essential steps that would benefit new CFOs regardless of their backgrounds.
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Virtualrace is a start up promoted by professionals who have held CFO level positions in the past. Virtualrace is a pedometer based, mass participation event conducted over 100 days. Virtualrace is backed by a Venture Capital Fund and it encourages activity and health in a fun and inclusive manner that complements hectic lifestyles.
Outsourcing CFO services is a growing trend. Definitive statistics on the use of outsourced CFOs are hard to come by especially in a country like India, but there may be a few factors encouraging companies to embrace the strategy.
Every businesses need financial consultants help, however many small business can’t afford to hire a full time CFO. So the companies are increasingly getting help from Outsourcing the CFO Services. If you are looking for ways to reduce your work, achieve your business goals and growing your business, Outsourcing CFO Service may be the right choice. To know more about quality of outsourcing CFO Services visit: http://www.cfosondemand.com.au/.
MyCFO and ICICI Bank partnered to put together – ‘CFO’s make the difference series’, an experiential session delivered by CFO’s of leading companies.The series covered 6 cities and focused on themes, which are of practical importance to the audience.
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The one key element that has changed the way of doing business is the flow of information. The new-age CFO must now realise that he is no longer expected to linger in the background and surface every time the results are to be announced.
Traditionally, the CFO represents the Finance function, just as the CMO represents the Marketing function, the CTO the Technology function and so on. Within the finance function, the CFO is expected to deal with accounting, taxation (both direct and indirect), banking, auditing, working capital management, risk management, corporate governance, internal controls, investor relationships (esp. relevant in case of a listed company), budgeting, costing.
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MyCFO works with companies to fill the gap that exists between the demand for high quality corporate finance services and the inadequate supply of it. In three years, the firm aims to grow its team size from 130 to 1,000 people, with aspirations of becoming the leading brand in the CFO services segment
CFO Services: MyCFO's CFO services practice works with companies across Industry verticals, types and sizes in delivering the CFO agenda. We take full charge of the company's CFO/ Head of Finance function as their Ongoing/ Interim CFO. The engagement model is onsite at the company's office and delivered through a strong engagement framework (MyCFO Delivery Framework) with MyCFO taking complete ownership of the Finance & Accounts function lead by a MyCFO Engagement Leader. MyCFO reports into the CEO, Promoters, Group CFO (in the case of a multinational) or investors and manages the company's Finance & Accounts team. MyCFO's CFO services works with companies across ownership patterns including Family Managed businesses, Private Equity/ Venture Capital backed companies, Early stage companies and Indian subsidiaries of Multinationals
The author examines the evolving role of a modern day CFO and believes that for the survival of the CFO ‘breed’, its essential to move out of the comfort zone. Atul Kumar Agarwal is the Chief Financial Officer of MedPlus and has more than two decades of experience in Finance and Accounting in organizations like Tata Steel, PT Texmaco Group (Indonesia), Genpact, AB-InBev India. He has worked in the areas of Business and Corporate finance that included business planning, capital structuring, budgeting, creation of business support system (ERP implementation), corporate funding , working capital management, M&A, financial process outsourcing.
In recent years, CFOs have assumed increasingly complex, strategic roles focused on driving value creation across the business. Growing shareholder expectations and activism, more intense M&A, mounting regulatory scrutiny over corporate conduct and evolving expectations from the finance function have put CFOs in the middle of corporate decisions.
MyCFO works with companies to fill the gap that exists between the demand for high quality corporate finance services and the inadequate supply of it. In three years, the firm aims to grow its team size from 130 to 1,000 people, with aspirations of becoming the leading brand in the CFO services segment
For six months now, a Bangalore-based mid-sized hotel chain has been looking for a CFO. The slowdown over the past few years has seen the company’s financials come under pressure: room tariffs have fallen, sales are down, and, like any other borrower, it has a fraught relationship with banks, although it sees growth returning now. “Our earlier CFO’s job was not very complex, but now we need a CFO who is both a fire-fighter and strategist to help the hotel emerge from the slump and grow as we plan to acquire new properties,” said the HR head of this hotel who requested anonymity and did not want her firm to be named.
The Chief Financial Officer(CFO) Email Lists and Mailing Lists works closely with other key executives and plays a major role in any company's success. He is primarily responsible for managing the financial risks, financial planning and record-keeping. If you're planning to reach the CFO's of any business across the globe you can contact Techno Data Group. Call us today at: (302) 268 6889 Email us at: sales@technodatagroup.com
The Chief Financial Officer(CFO) Email Lists and Mailing Lists works closely with other key executives and plays a major role in any company's success. He is primarily responsible for managing the financial risks, financial planning and record-keeping. Call us today at: (302) 268 6889 Email us at: sales@technodatagroup.com
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With increasing complexity in the business environment, CFOs need to work closely with key stakeholders in drawing up risk mitigation plans.Every finance department and CFO aspires that the function that he/she leads adds value to the business. Finance and the role of a CFO in being a driver rather than just being a record keeper is now a part of virtually every finance transformation session. Most of us are aware of the role of a CFO in being able to contribute to the company's strategy, growth, work with cross functional teams, manage and lead board discussions and investor relations and build robust systems.
The Chief Financial Officer(CFO) Email Lists and Mailing Lists works closely with other key executives and plays a major role in any company's success. He is primarily responsible for managing the financial risks, financial planning and record-keeping. If you're planning to reach the CFO's of any business across the globe you can contact Techno Data Group. Call us today at: (302) 268 6889 Email us at: sales@technodatagroup.com
Are you a first generation entrepreneur wanting to professionalize the financial systems of your start up? Or a family business wishing to scale up to the next level? Perhaps you represent an overseas company making an entry into India and looking for experts to navigate the Indian statutory labyrinth. Don’t worry! My CFO is here. The online outsourcing revolution, which has already embraced buying, selling, learning, working and many other aspects of our life, is now extended to business visualization and implementation of financial, IT and change management goals.
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