CFO FUNCTIONS

CFO functions that assist in reaching long-term financial goals.

Duties of a Chief Financial Officer:

  • Develop and analyze business planning for:
    • Capital expenditures
    • Inventory management
    • 5 year Strategic Plans
    • Financing top line growth
  • Help Company identify their SWOT (Strengths, Weaknesses, Opportunities and Threats)
  • Offer ways to utilize accounting information to develop and grow the business
  • Prepare budgets and forecasts
  • Deliver insight by analyzing results of key business trends
  • Set objectives that support long-term company goals
  • Value preservation in relation to accounting, financial reporting and compliance
  • Integrate IT systems with introduction of enterprise-wide systems for high-volume routine processes to realize meaningful benefits in the form of cost and time efficiencies and improved data quality
  • Build trust with investors and shareholders in financial reporting
  • Make smarter use of alternative service-delivery models, shifting many routine high-volume processes to alternative service providers to free up time for activities that drive value
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