As accounting has grown ever more important the role of the controller has grown as well. In addition to being sound financial stewards and effective organizational managers, they must also play a crucial strategic role. Controllers who are able to generate actionable, in-depth insights out of vast financial data give their companies a distinct strategic advantage. [Read more…]
For companies that work on a project basis, the KPI is project profitability. The challenge is that determining whether revenue truly outweighs costs is tricky, and no single individual or department has sole responsibility for profitability. [Read more…]
Growing is the end goal of any software company, but that does not mean success is seamless or simple. Companies must be aware of the sales tax triggers their growth is propelling them towards in order to avoid the kinds of obstacles and oversights that can slow down momentum. [Read more…]
All US public companies prepare their financial statements to comply with generally accepted accounting principles (GAPP). When it comes to the new rules regarding revenue recognition, you don’t have to go it alone. Here are a few tips for handling it. [Read more…]
Now that you are ready to take on your new role as a Tech-Savvy CFO, don’t be surprised when you find yourself growing in other roles in your company. As you develop new strategies for your finance department, you will find increased interaction with other departments as you thirst for more data. You will find other departments reaching out to you in their thirst for more information. You will find stakeholders relying on your data to make future-driven decisions.
You understand your market is changing. You understand your business must meet that changing market. You understand you must change to continue to be a successful CFO. The good news: You don’t have to become a technical wizard, ready to program computers to take on the challenges of your role. You need merely become a Tech-Savvy CFO, one who understands that technology can give you an advantage over your competitors.
Now, you just want to understand where to get started. What will be the first steps on your way to becoming a tech-savvy CFO?