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Financial management can be tough for small to medium-sized businesses. The costs of a full finance team can be overwhelming. But there's a cost-effective solution: a Fractional CFO. Discover how a Fractional CFO can provide the strategic financial leadership you need at a fraction of the cost. Click our newest article below to learn more. https://lnkd.in/e9FAsBFT #SmallBusiness #Finance #FractionalCFO #BusinessGrowth #CostEffectiveSolutions

The Fish Story in “This is Water” by David Foster Wallace goes something like this: There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says, “morning boys, how’s the water?” And the two young fish swim on for a bit and then eventually one of them looks over at the other and goes “what the hell is water?” The point is merely that the most obvious important realities are often the ones that are hardest to see. Adapting that story to make another point: There are these two business leaders walking along and they happen to meet a big business leader walking the other way, who nods at them and says, “good morning, how’s your strategic financial management?” And the two business leaders walk on for a bit and then eventually one of them looks over at the other and goes “what the hell is strategic financial management?” The point is that most small to medium business leaders have not been introduced to best practice strategic financial management and don’t understand how big businesses are using it to lead the optimisation of financial outcomes. They simply don’t know what they are missing. Implement, or don’t implement, but know what it is, how it may help, and what your options are. Are you a business leader who can relate to the question “what the hell is strategic financial management?” If so, let me show you by taking you through a case study during a one-hour discovery session, where you will: • Be shown a simplified financial reporting format that tells the full financial story. • Hear about how the actions of the leadership team unintendedly impacted the financial outcomes and caused cash flow issues. • See how the leadership team were engaged with the key numbers and areas of focus to optimise the financial outcomes of the business and significantly improve cash flow. • Hear about the improvement initiatives agreed by the leadership team (strategic financial management). • See the financial plan that the leadership team committed to and will report and measure against (strategic financial plan). At the end of the session, you will understand what best practice strategic financial management looks like and know if you have an opportunity to add value to your business. Contact me to schedule a discovery session or visit my website (www.cfoforhire.com.au).

Being able to be strategic and tactical helps with the progression from Controller to CFO.

What makes an exceptional Interim Chief Financial Officer (CFO)? Discover the 5 qualities business leaders should look for in an interim CFO poised to leave the company with enduring success. https://ankura.co/3IjtEvU

Integrating Financial Acumen with Strategic Vision: The Key to Sustainable Growth In today's rapidly evolving business landscape, the fusion of finance and strategy underscores the pivotal role of a seasoned Chief Financial Officer (CFO). As we navigate complexities and uncertainties, it becomes clear that a deep understanding of finance is indispensable across all leadership roles. Yet, the strategic insight and financial stewardship a proficient CFO brings to the table are unparalleled. These professionals not only interpret financial indicators and trends but also ensure these insights are the bedrock of sustainable strategies. However, integrating financial acumen with strategic planning demands more than just proficiency in numbers. It calls for a visionary approach that foresees future challenges and opportunities, translating them into actionable insights. This necessitates asking pivotal questions: How can we leverage financial data to guide strategic decisions effectively? Which investments will drive sustainable growth? How do we balance risk with potential rewards? This integration, led by a capable CFO, empowers leaders to make informed decisions that steer long-term success. It ensures that strategies are not just visionary but are deeply rooted in financial reality, capable of adapting to market dynamics while pursuing ambitious goals. If your organization recognizes the value of such leadership and is on the lookout for a top-tier CFO, please feel free to DM us at SuperCFO. We specialize in assisting businesses with finding a suitable finance leader who can navigate the complexities of today's economic landscape while charting a course for tomorrow's success. Have you witnessed the impact of strategic financial leadership in business? Please do share in the comments below.

Six ways to be an effective CFO. Which one is your favorite? CFOs have a complete list of priorities. They’re always busy, yet some make more progress than others. Some are even marked as value creators in the company. What is it that they do differently? According to McKinsey, there are six areas they focus on: 1️⃣ 𝗖𝗿𝘆𝘀𝘁𝗮𝗹𝗶𝘇𝗲 𝘆𝗼𝘂𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 They facilitate the company's strategy process. They identify, qualify, and quantify the choices a company can make. They employ a simple yet rigorous approach to strategy follow-up. 2️⃣ 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗕𝗶𝗴 𝗠𝗼𝘃𝗲𝘀 They support making bold and big moves as opposed to incremental change. They highlight where the company can make a significant difference vs. competitors. They ensure that sufficient resources are allocated to the Big Moves. 3️⃣ 𝗥𝗮𝗱𝗶𝗰𝗮𝗹𝗹𝘆 𝘀𝗶𝗺𝗽𝗹𝗶𝗳𝘆 They set clear roles and responsibilities in the finance function. They ensure that information and insight flows are connected to the strategy. They put themselves in the CEO’s shoes and run the company as such. 4️⃣ 𝗞𝗲𝗲𝗽 𝘂𝗽 𝘁𝗵𝗲 𝘁𝗲𝗺𝗽𝗼 They design management systems that facilitate efficient decision-making. They ensure effective and dynamic resource allocation. They have a standard playbook for driving and evaluating performance. 5️⃣ 𝗢𝘃𝗲𝗿𝗰𝗼𝗺𝗲 𝗰𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗶𝗻𝗲𝗿𝘁𝗶𝗮 They focus on creating strategic progress. They don’t solve for consensus but the best strategic options. They adjust incentives so everyone is rewarded for company outperformance. 6️⃣ 𝗠𝗶𝗻𝗱 𝘆𝗼𝘂𝗿 𝗺𝗶𝗰𝗿𝗼𝗵𝗮𝗯𝗶𝘁𝘀 They’re experts at managing up to the CEO and the board. They’re crystal clear about their priorities. They set aside time for reflection to re-center on crucial goals. Being an effective CFO is something other than magic. ---------- There are tangible steps to take, as outlined here. Any finance professional can employ these six steps. Which steps do you follow today, and where can you improve? ————— 🧑💼 I'm a partner at Business Partnering Institute 🆘 Need immediate help in your finance team, call us! 🤝 We help increase the influence of your finance team 🔔 To see more content, hit the bell on my profile 🧑🎓 Enroll in our LinkedIn course: https://bit.ly/4a5fB9l 📻 #FinanceMaster podcast: https://bit.ly/3NLSt73 📺 Follow us on YouTube: https://bit.ly/4bSBut6 📢 Join our WhatsApp channel: https://bit.ly/3WWGOrc 📄 Check out all our templates and cheat sheets here: https://lnkd.in/eC_zuCU4

Integrating Financial Acumen with Strategic Vision: The Key to Sustainable Growth In today's rapidly evolving business landscape, the fusion of finance and strategy underscores the pivotal role of a seasoned Chief Financial Officer (CFO). As we navigate complexities and uncertainties, it becomes clear that a deep understanding of finance is indispensable across all leadership roles. Yet, the strategic insight and financial stewardship a proficient CFO brings to the table are unparalleled. These professionals not only interpret financial indicators and trends but also ensure these insights are the bedrock of sustainable strategies. However, integrating financial acumen with strategic planning demands more than just proficiency in numbers. It calls for a visionary approach that foresees future challenges and opportunities, translating them into actionable insights. This necessitates asking pivotal questions: How can we leverage financial data to guide strategic decisions effectively? Which investments will drive sustainable growth? How do we balance risk with potential rewards? This integration, led by a capable CFO, empowers leaders to make informed decisions that steer long-term success. It ensures that strategies are not just visionary but are deeply rooted in financial reality, capable of adapting to market dynamics while pursuing ambitious goals. If your organization recognizes the value of such leadership and is on the lookout for a top-tier CFO, please feel free to DM us at SuperCFO. We specialize in assisting businesses with finding a suitable finance leader who can navigate the complexities of today's economic landscape while charting a course for tomorrow's success. Have you witnessed the impact of strategic financial leadership in business? Please do share in the comments below.

Becoming a successful Chief Financial Officer (CFO) in today’s competitive market requires a strategic approach and a blend of skills beyond traditional finance expertise. Here are some key priorities for aspiring CFOs: - Formulate a Unique Vision - Bolster Essential Skills - Take Professional Risks - Engage with the Board Passion for the role and continuous learning are essential. With the right mindset and proactive steps, one can navigate the path to becoming a successful CFO

Today, May 15, Enhesa announced the appointment of Laurent Marcelis as Chief Financial Officer (#CFO). As part of Enhesa’s leadership team, Marcelis is charged with helping to support the company’s rapid growth as it continues to expand its offerings and drive innovation across its EHS Intelligence, Corporate Sustainability, Product Intelligence and Sustainable Chemistry practices. Marcelis joins Enhesa from Unifiedpost, a leader in cloud-based business process solutions for administrative and financial services, where he served most recently as CFO. He brings more than two decades of experience building growth-oriented finance operations to Enhesa. “Corporate sustainability compliance and regulatory reporting have become top priorities for business leaders around the world, and Enhesa has grown rapidly to deliver the content and solutions they need to navigate this challenging transition,” said Peter Schramme, CEO at Enhesa. “With his deep expertise helping to grow SaaS-based businesses and proven track record scaling fast-growing operations, Laurent will be a critical asset in our overall growth strategy.” Marcelis said: “Enhesa represents such an exciting growth opportunity because it sits at the intersection of twin revolutions in sustainability and technology. I look forward to working with Peter and his leadership team to build on their impressive growth path, by maximizing our addressable market and helping to drive initiatives that catalyze new growth opportunities.” Read the press release here: https://hubs.li/Q02x8l-G0

Second Sandra's words here.