Time for a new CFO? Signs you need one and KPIs for the one you have.
Corporate Leadership | Financial Strategy | Organizational Transformation
December is a time of year organizations reflect on the past year and plan for the year ahead. As the person in charge of your company’s financial health, a CFO is a vitally important role. But how can you tell if you have a good CFO ?
A great CFO holds two jobs: managing the accounting and finance team and contributing to company strategy. A good CFO does both, a bad CFO can only do one or the other (or sometimes neither!).
SIGNS YOUR CFO MAY BE A BAD FIT FOR YOUR ORGANIZATION
A CFO struggling with managing the accounting and finance team will typically exhibit several of these behaviors:
A CFO struggling with strategy will typically exhibit several of these behaviors:
Your business deserves better
A good CFO uses savvy financial strategies and data analysis to improve cash flow, grow revenues, and grow profits. A good CFO collaborates with other managers to guide their actions towards the company’s financial goals and uses their leadership to keep financial departments focused on goals and handle bank and investor relationships. Most importantly, when it is time to exit the company, CFOs use their expertise in your business to impress acquirers and execute the sale of your business.
As you assess the strength of your CFO, here are important key performance indicators to ensure this role is a strong contributor to your organization’s future.
CFO’s management effectiveness checklist:
CFO’s strategic effectiveness checklist:
Maybe there is a better way?
If you find you need the services of a professional CFO, but you’re unable to bring on a full-time executive, SeatonHill is an excellent alternative. You may be the owner of a small business or startup, ready to take your financial planning to the next level. Or your team may not have the necessary bandwidth to take on higher level financial tasks, such as an audit or a business acquisition. SeatonHill offers Executive CFO services on an interim, fractional or project basis.
Contact us for a free consultation, and we will show you how our elite team of CFO Partners can provide you with the CFO you deserve.
ABOUT SEATONHILL PARTNERS, LP
SeatonHill provides organizations financial leadership with a strategic and operational focus by placing elite CFO talent to challenge the business and contribute to operational decisions to achieve results. With our curated talent, our financial leaders guide small and medium sized businesses through complex financial problems to mitigate risk and achieve organizational goals.
We are the fastest-growing CFO services firm in the nation, offering the power of combined thought leadership and the support of the country’s top financial talent to the benefit of all our clients. SeatonHill has offices in Atlanta, Boston, Chicago, Dallas, Fort Worth, Los Angeles, Houston, New York, Philadelphia, San Diego, and Washington D.C.
For more information, please contact:
contact@SeatonHill.com | 214.702.3652 | www.SeatonHill.com