The finance team is the beating heart of any business. Money flows through them; and it’s essential that the finance team stays as effective as possible and constantly pushes to optimize and improve.
In today’s dynamic work landscape, companies are increasingly embracing alternative work arrangements to foster employee well-being, satisfaction, and productivity.
2023 has been a year of momental change, particularly with the launch of AI. More than ever, business success hinges on making informed decisions and adapting quickly to changing market dynamics, and the CFO has a pivotal role by bringing financial acumen and data-driven insights to the executive table.
The role of the Chief Financial Officer (CFO) in businesses has been expanding and evolving rapidly. A recent report by SAP Concur tackles the emerging theme of CFOs taking increasing responsibility for managing uncertainty in their organizations. SAP Concur surveyed 220 chief financial officers and senior finance leaders for its latest CFO Insights report. The research, carried out in July and August 2023, covered the USA, Australia, Canada, the UK, Germany, Brazil, and Mexico. It included a wide range of sectors from financial to healthcare, utilities, consumer, and industrial.
The role of finance teams in an organization has evolved beyond just bookkeeping and administrative tasks. Today, finance professionals are expected to contribute to strategic decision-making and add value to the organization. However, to be perceived as value creation centers, finance teams must shift their focus from merely providing support functions to driving business success. In this blog post, we will explore how finance professionals can transform their teams into value creation centers and enhance their professional reputation within the organization.
Revenue recognition is ensuring that revenue is recognised in accordance with accounting principles (IFRS, ASC, GAAP). Deferred revenue and accrued revenue are the best examples.
In this post we delve into the complex world of key performance indicators (KPIs), objectives and key results (OKRs), and other performance indicators, highlighting their vital role in bridging the gap between strategy and value creation.
In this post we delve into the complex world of key performance indicators (KPIs), objectives and key results (OKRs), and other performance indicators, highlighting their vital role in bridging the gap between strategy and value creation.
Ever wondered if it’s feasible to upgrade your accounting systems without the daunting task of switching platforms?
Get the latest finance and leadership insights.
2024 GrowCFO Ltd ©. All Rights Reserved.
2023 GrowCFO Ltd. All Rights Reserved.
