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What Does a Chief Financial Officer do?
A Chief Financial Officer (CFO) or Financial Director (FD) is focused on strategy as much as finance.
Our part-time or on-demand CFOs/FDs will help your company move beyond just keeping financials in order by helping plan and position your company for a strong future.
Our part-time CFOs/FDs focus on:
- Long-term strategy development and leadership
- Internal financial controls and financial information
- Identifying profitability opportunities through pricing or cost optimization Improving operational efficiency to maximise ROI of company assets
- Laying the foundation for business transformation with the right processes, people and technology
Does Your Business Need a CFO/FD?
Almost one in three CEOs worry that their CFO isn’t prepared for the challenges ahead
The role of the CFO has undergone a profound shift. While the CFO of yesterday was more of a support function, the CFO of today is of strategic relevance to a company, taking financial data and using it to influence operational decision-making and strategy.
That’s where a modern CFO/FD plays a pivotal role
CFOs/FDs play an integral role in the success of the organizations they work in, providing effective corporate leadership, strong internal controls and financial reporting to mitigate risk, budgeting and expense controls for optimized cash flow, and driving the long-term strategic vision of the CEO.
How a CFO/FD Will Transform Your Business
Transforming your business through finance
A top CFO is a widely applicable, high-level resource that just happens to have functional expertise in finance but can bring analytical and organisational skills to bear across all areas of the business.
Bailey & Associates’ CFOs/FDs have years of experience so they can quickly get up to speed and begin effectively tackling your problems and implementing solutions.
A part-time CFO/FD gives you the best of both worlds
Every business, small or large, should have a senior financial person in their core decision-making team. A part-time CFO/FD gives you all the skills, experience and expertise of hiring a full-time senior Finance leader without the added costs – including salary, bonuses, benefits, and equity.
Top 4 Risks of Not Having a CFO/FD
Lack of financial expertise
CEOs or COOs often juggle finance duties with their own, without the relevant experience, knowledge, or expertise to do so; or lean on accountants or bookkeepers to provide financial support in areas beyond their expertise. Neither options are a long-term solution for businesses striving for growth in a highly competitive landscape.
Poor cash flow management
A company’s strategic direction centers around its ability to control its cash flow. A stronger cash flow profile also enables additional opportunities for investment, improves the company’s reputation, and, crucially, attracts potential investors. Only a CFO/FD has the unique expertise to direct this.
Loss of strategic planning and driver of business growth
Successful businesses increasingly involve strategic planners as CFOs/FDs, who don’t just monitor cash flows and budgeting but put attention on the long-term vision of the company. By not having an experienced CFO/FD in place, businesses run the risk of falling behind competitors.
Lack of diverse range of skills
The modern-day CFO/FD needs to be financial gatekeeper, business partner, and driver of long-term strategic vision and organizational change – all at the same time. The diverse skillset of a modern CFO/FD is more crucial than ever in the ultra-competitive modern business landscape.
Why Choose Bailey & Associates?
Our CFOs/FDs have a minimum of ten years’ senior finance experience and a proven track record.
Get top level financial expertise at a lower cost – no salary, no benefits, no bonuses.
We don’t have long-term contracts, so you can leave your arrangement without any fixed contract period.
What Do You Want To Achieve With Your Business?
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