A CFO Shakeup Can Rock Your Stocks

A great way to spark interest in your company, to bring change and ignite stocks, is by changing the CFO. A new CFO will bring attention and can please shareholders, and many dominant companies in America have recently used this tactic. Newell Rubbermaid Inc. has named interim CFO John Stipancich as the permanent person for the job, and David Oaks has received the CFO title at DDR Corp. At the mail distributing company Pitney Bowes Inc., the CFO Michael Monahan has also been given the title of chief operating officer, which came with a hefty pay raise.

If you think it’s time for a change and you could benefit from some new blood at the top of the company, you can find a CFO service that has qualified applicants. Find the person who has what it takes to improve your company at Goodaccountants.com, and be the next company to reap the benefits of the shakeup.

David Huber Awarded Best CFO: Don’t Underestimate the Value of a Great CFO Service

CFO of the year David Huber - find a CFO service todayThe NJBIZ CFO of the Year awards program celebrates New Jersey’s financial executives at all levels who contribute to the success of the state’s economic growth and stability. David Huber, CFO of Horizon Blue Cross Blue Shield of New Jersey, was honored as the best CFO for a private company generating revenue of over $50 million.

Huber noted the importance of the CFO role in today’s business world. Where it was once largely a record-keeping rule, he said, “Today the CFO is expected to be a business partner to the CEO and senior management team. The CFO must be able to understand the business from the frame of reference of constituents, including customers, employees, board members, rating agencies, regulators, etc. I spend most of my time looking forward.”

The value of a good CFO cannot be underestimated, in fact, some say the CFO may be even more important than a CEO. A CFO needs a wide variety of skills and experiences in the ever-changing market structure of today’s world. The person in this essential role is often called upon to weigh in on strategic decisions involving the organization, including everything from transactions to providing assessments of emerging markets and analyses that go way beyond looking at the books and figuring out whether or not there is enough cash available to support an investment.

With a business’ success or failure often hinging on the talents of the CFO, it’s essential to find just the right person to fill that role. You’ll want to find a CFO service that can locate the top talent available to perform tasks that are vital to the company.

You may want to find a CFO service that is able to provide an Outsourced CFO to help manage your financial operations as an excellent cost savings solution. An increasing number of small to midsize business owners have discovered that they can afford a seasoned CFO by utilizing CFO services, relieving the big burden of managing the company’s financing, while allowing them to focus on what they do best.

If this sounds like good business sense to you, to find a CFO service that can provide your company with the best talent available while eliminating the need to pay the high costs associated with hiring an employee like payroll taxes and health benefits, look to GoodAccountants.com who can deliver the most qualified CFO candidates to choose from at no cost or obligation.

Different Type of NFL Draft: How to Find a CFO Service

Different Type of NFL Draft: How to Find a CFO Service

Find a CFO Service

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During this time of year, there is often a lot of discussion about the NFL draft. Avid football fans get excited about the picks for their favorite team, and it is a fun time to make predictions about how the season will play out based on the new lineup. This year, one new hire wasn’t noticed by many of the fans though: the Miami Dolphins hired a new chief financial officer, Chris Clements.

As with any company, an NFL team is a business, which means that they need to find a CFO service to help with managing the books and cash flow. Many companies choose to hire a full time CFO, like the Miami Dolphins did. But, there are other options as well, and one growing trend is to find a CFO service which allows you to benefit from the expertise of a CFO without hiring them as an internal employee.

Advantages of a CFO Service

One of the biggest advantages to using a CFO service instead of hiring someone independently is the fact that you will save a substantial amount of money. By outsourcing the CFO position, you can save money on high salaries, recruiting fees, payroll taxes, and health benefits. These costs can really add up over time, which can have an impact on the cash flow of the company.

Some of the CFO tasks can be handled by other executives in the company, because their responsibilities overlap with the responsibilities of other employees. So, if you are looking for a way to save money, then you can have other executives handle those responsibilities, and then hire a part-time CFO service to handle the financial discipline of the company.

Why a Skilled CFO is Important

Saving money is important, but it is even more important that you don’t sacrifice the success of your company by neglecting the financials. When you find a CFO service, you can have the peace of mind to know that you are working with an experienced executive, who can help with tasks such as financial planning, strategic cash flow decisions, reducing expenses, increasing profit, and overall improvement of the financials of your company.

GoodAccountants.com has a variety of CFO professionals for you to choose from, contact us today and we will help you to find a professional that matches your needs.

What Is A CFO Service?

Running and managing a business is a really complicated task. Business owners find themselves tied up between the struggles to deliver the best services while managing their staff and leading them. It has become even difficult as there are a number of competitors in every industry and all of them are working towards getting to the top.

In the midst of all these matters to take care of, managing financial and accounting matters is a handful. It is often not suitable for businesses to hire a full-time accountant, to be straightforward, they just cost too much! With the economic downfalls and the inflation, hiring a full-time accountant might not be the best choice. So what should you do?

Here is where CFO services come in, skilled with financial experience and accounting tools, these CFO services can effectively manage financial aspects of a business and that too at a comparatively lower cost. The best part about these CFO services is that you are required to pay, only for the services you want and not a lump sum amount.

What Do CFO Services Offer?

When you choose to hire a CFO Service, you shouldn’t be worried about anything related to accounting and finances. They offer a complete solution, including:

Financial Management And Reporting Services

  • Business and banking relationships
  • Cash flow Assumptions
  • Debt management
  • Divestitures and Acquisitions
  • Executive management reporting
  • Internal controls
  • Profitability and Performance strategies
  • Risk and tax management

CFO Services employ accountants who have highly relevant certifications like CA and ACCA or people who have done their Post-graduation with their majors in finances and accounting. This enables them to create a team of individuals with strong financial expertise.

Not Only Accounting And Financial Reporting

If you choose a CFO Service wisely, it will bring more of a holistic approach to your business and company. They would not only cover financial aspects of your business but also fine-tune other departments like HR and IT.

Access To Expert Advice

Whether you need advice on the structure of your business or you are looking for advice on mergers and acquisitions, this is by far the greatest benefit CFO services offer. You have access to expert financial advice at your fingertips. As it is not part of your organization, the advice is completely unbiased, professional and helpful.

Staff Assessment And Help

Supervision and counseling of your entire staff is another service they offer. If unskilled or untrained staff is causing problems like lower productivity, CFO services might have a solution for you.

Review Of Current Procedures

Not sure about the efficiency of the procedures in your company? A CFO Service reviews all the procedures currently being used in your organization and they also help fix any problems to maximize productivity.

Create Connections

A good CFO Service can help you build connections with professionals, investors, bankers and attorneys, all related to your industry.

Choosing a CFO service might not be as easy as it seems, there are a lot of services and they have a lot to offer. Come see how good accountants can help you find a great CFO service today!

Use a Find a CFO Service to Take Your Business to a New Level

find a cfo with goodaccountants.com - time incs new cfo jeffrey bairstowEarlier this week, Time Inc. named Jeffrey Bairstow  as its new Chief Financial Officer, or CFO. Mr. Bairstow is experienced with the complex transition required to take traditionally print mediums like newspapers and move them into the digital world successfully. Also, Mr. Bairstow has the financial acumen to make this change while sustaining profitability and guiding the company in the right direction for years to come.

While the business you own or run is not likely as large as Time Inc., that doesn’t mean you can’t use a CFO to improve the future of your company. Many small businesses make the mistake of assuming they aren’t large enough to employ the services of a CFO and miss out on a great opportunity. Using a find a CFO service to locate perfect candidates, you could quickly find just the right person to steer your business in a profitable direction.

So why is a CFO a good idea for your business? There are many skills that a qualified CFO can bring to a business that might not exist with any of the current staff and management. Things like capital acquisition, government regulation, cost control measures, and more can be managed by the newly-hired CFO. In some cases, these might be areas of the business that have never been looked at before. It is not uncommon for a small business to undergo a significant transformation and improvement shortly after bringing on a CFO.

A find a CFO service online, such as the services offered at GoodAccountants.com, will be able to help you quickly locate potential candidates in a short period of time. What would have once been an intimidating and time consuming (not to mention expensive) process is now simple and affordable. Good people with the skills to serve as CFO are out there, and a find a CFO service will help bring them to your attention. Your calendar will fill up quickly with scheduled interviews and the search to locate your first-ever CFO isn’t likely to take much longer than it took for you to read this article (okay – maybe a little longer than that). Hiring a CFO might be just the push your business needs to take that next step and experience growth and profits that never before seemed possible.

The Best Way to Find a CFO Service

find a cfo service from goodaccountants.com that is right for you If you’re getting ready to find a CFO Service for your organization you probably realize that utilizing these services can be an important strategy for any successful business. Paying for the types of invaluable services they can as well a making sure that everything is handled correctly can save the organization money over the long term.

But how do you find a CFO Service that you can trust to handle such important and often delicate information? This is not a decision that should be rushed – here are the crucial steps that should be taken before hiring a CFO Service.

Ask for referrals

A referral from a trusted person within a similar organization can be one of the best ways to find a CFO Service that you can create a long term relationship with. The firm should be able to bring industry best practices into your business.

Meeting your specific needs

What are the critical roles that you would like played by a CFO Service? Do you need a service that can perform staff evaluations as well as training and mentoring? Some of the areas of expertise that should be required include:

  • Reviewing accounting and finance procedures
  • Reviewing accounting books and records as well as financial reports
  • Developing and installing accounting policies and procedures
  • Development financial reporting methods or reviewing those currently in place

Come up with a list of your organization’s specific needs before seeking out the right CFO Service for the business.

How to narrow the options

Once you have determined your needs and have a list of potential candidates, you’ll need to narrow your choices by scheduling in-depth meetings to compare qualifications and services offered. One of the most important questions to ask is what makes their service better than the rest? What can they do for you that others cannot? Of course, you’ll also want to find out the fees that will be charged and how those fees will be calculated.

After these meetings you will probably have thinned your list down quite a bit and will need to perform thorough reference checks of those who remain to find out how they’ve performed in the past for both current and former clients.

While all of this may sound overwhelming, the good news is that GoodAccountants.com is often the ideal solution to find a CFO Service that is the most qualified to meet your needs at no cost or obligation – taking this time consuming task out of your hands and into ours.