A CFO IS A BUSINESS PARTNER
In addition to the prudent, efficient and effective management of a business’ finances and resources, a CFO also creates value for businesses and organisations as follows:
- Identifies, manages and mitigates business risks that could hamper the achievement of business and financial goals.
- Raises capital at reasonable cost and terms without unduly increasing the risk to the business,
- Converts business strategy into actionable plans and implements such plans,
- Designs and implements systems, processes and controls to give effect to strategic plans,
- Provides organisational leadership,
- Grows the liquidity of your business,
- Develops key performance indicators that will indicate whether the strategic objectives have been achieved,
- Compiles an integrated report that provides comprehensive and relevant information that will assist you and your management team to make effective and informed strategic decisions,
- Takes part in the operational aspects of the business in order to make value adding inputs without usurping the responsibilities and authority of the managers concerned,
- Selects, procures and implements an appropriate ERP system that will streamline operations, enhance customer services and assist management to manage and control operations, resources and finances.
- Designs and implements systems, controls and policies to safeguard the revenue and assets of the business,
- Assists the top management to find new business opportunities, connects the business with potential customers in order to grow revenue,
- Builds good relations with stakeholders of your company that would benefit the company in creating value over time,
- Invests in relevant assets that will generate market related returns,
- Significantly grows the return on shareholders’ investments.