Articles of Interest
Meeting of Minds... Interview with
Lorna Nahil, Founder, CFO Enterprise
Finance and IT executives are rapidly finding common ground.
By Kristine Blenkhorn Rodriguez
Remember the
good old days, when accountants did a bunch of number-crunching
and the IT guy fixed the computer? Tim McCracken, vice chair and
national practice leader of technology leadership for Tatum LLC,
does. He also remembers that, once upon a time, companies had
the luxury of a slower pace of business in a less highly
regulated environment. Thanks to the microchip and
Sarbanes-Oxley, among other things, the finance and IT functions
of any business are in a fast-paced partnership that shows no
signs of slowing down.
Read full article
Why companies often won't consider
controllers when choosing their next finance chiefs.
Marie Leone, CFO.com | US
March 19, 2007
Controllers couldn't make all the numbers work out for them this
time. New research shows that as of April 2006, the number of
Fortune 500 CFOs hired from outside of their new companies total
190. While 58 percent were plucked from the ranks of existing
corporate or divisional CFOs, a paltry 4 percent were sitting
controllers. Read
full article: CFO's Wanted: Controllers Need Not Apply
CFO -
Seasoned liaisons available. For any startup board seeking money,
expertise, and a firm hand at the helm, a new idea has appealing
momentum: Enlist the services of one of a growing corps of part-time
CFO consultants. Most offer at least 20 years of financial and
accounting experience. They have worked their way up the ladder,
rising through the ranks, experiencing mergers and IPOs, losing
jobs, and watching industries rise and fall. They are the seasoned
professionals who allow the bright-eyed innovators to run a company
while they act as a liaison between their entrepreneurial boss and
additional funding. Business has never been better for part-time CFO
consultants, thanks to the tidal wave of venture capital ($35.6
billion in 1999), pouring into startup firms.
Read full article: Part-time CFOs For Hire: A New Venture Connection
Outsourced CFOs Bring Experience And An Objective View To Small
Firms
by Ron Ameln
Interested in hiring a top-flight certified financial officer
(CFO), but can’t afford the hefty salary and benefits? Try
outsourcing to a part-time CFO.
Independent contracting and outsourcing of financial management
functions is becoming common in today’s changing business
environment.
Outsourcing, which began at the task-oriented level by bringing
in bookkeeping and accounting clerks, programmers and analysts, has
expanded to include the financial and financial planning aspects of
businesses. The concept is more relevant in small- to mid-sized
companies that need the service, but do not find it cost-effective
to hire a full-time executive. Some companies are now even hiring
temporary CFOs. Read full article: Can A Part-Time CFO Upgrade Your Firm's Finances?
Arni Halling always considered himself pretty
handy with numbers. So in 1998, when his
stepdaughter Christine Dimmick asked him to
oversee finances at her New York City home
products start-up, Good Home Co., Halling, a
marketing consultant and former director of
consumer promotions for Disney, figured he was
up to the job. He certainly had what it took to
create a basic accounting and bookkeeping system
and get Good Home set up on QuickBooks. And for
a few years, that was enough. Selling its line
of home cleaning and laundry products through
retailers such as Nordstrom and Restoration
Hardware, Good Home's sales grew steadily,
reaching $2.1 million in 2001.
Read full
article: Think you can't afford to
bring on a CFO? No problem: Rent one instead.
-
Small and midsize
companies finally
benefit from finance
process outsourcing.
-
Kris Frieswick, CFO
Magazine
-
September 01, 2000
Re'Nu Office Systems
may seem an unlikely
candidate for financial
business process (BP)
outsourcing. After all,
the Santa Fe Springs,
California-based firm
generated only $10
million in sales last
year and employed a
finance staff of five —
hardly the profile of a
traditional outsourcing
client, one that usually
signs a large,
multiyear,
multimillion-dollar
contract.
Read full article: Handing Off
Finance
CFO Magazine
June Issue 2000 : Article
-
START ME UP
- Young companies look to
part-time CFOs to ignite their finances.
-
George Donnelly, CFO Magazine
- June 01, 2000
In a rented suite on 23rd Street in New
York's Silicon Alley, acting CFO Howard
Friedensohn is preparing an investor pitch for
WebAppointments.com. The start-up, the
brainchild of two doctors and an Internet
veteran who saw the potential of using the Web
to transform professional appointment-making
into a virtual product, has raised about $1
million in private funding so far. Now it's
looking for its next $2 million to $3 million
before testing the product in Manhattan.
Read full
article: Start Me Up
When should you bring in a CFO? If growth
is in your plans, you'll need to time your hire
right
At what point in your company's growth are
your bookkeeper and controller out of their
league? A look at choosing the right time to
hire a CFO, where to find one, and how much
you should pay.
Read full
article: Hire Finance
CFO Enterprise, LLC
Providing Part Time, Interim, and Project CFO services for your business!
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