CFO services
Addressing the challenges of the finance function
It is challenging being a CFO these days. Complicated decisions have to be made on many fronts, and knowing exactly how to proceed at any given time is harder than it looks. A smart move for one company could be unreasonable for another - and understanding which way to turn requires experience and insight.
Deloitte CFO services combines all of Deloitte’s capabilities to help CFOs improve in the multiple roles they play - from reporting and controls to finance operations or strategy and execution - and address the challenges their finance functions faces.
At the same time, CFOs face never-ending pressure to cut costs, grow revenue and tighten controls - while assuming unprecedented personal risk for their company’s mistakes. Given these internal and external forces, it is no wonder that CFO turnover is on the rise. One reason the CFO’s job is getting more complicated is because it comprises four major roles. We call these distinct roles, the 'four faces' of the CFO:
- Catalyst
- Strategist
- Steward
- Operator
According to our experience - and conversations with CFOs - these are the challenges we often see cited for today’s CFOs:
- Producing accurate and timely financial reports
- Keeping internal controls lean and balanced
- Acquiring, developing and retaining finance talent
- Reinvesting in finance capabilities
- Factoring tax into every business decision
- Staying focused on finance and value
- Generating more insight from less data
- Promoting informed and intelligent risk-taking
- Linking business activities to shareholder value
- Expanding the influence of the finance function
In the current global economic and financial context, a number of other priorities have made it to the top of the list:
- Cash and working capital management
- Cost containment and expense management
- Availability of capital and management of funding
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