Hector Perez’s Post

Being chief of finance is more than just mastering the numbers. One must have the finger on the pulse of changing laws and market conditions, technology's continuous progression, and how these areas impact the potential profitability of the company. Strategy is the name of the game and this role has to play it well.

CEO vs. CFO Original Content Creator: Oana Labes, MBA, CPA (give her a follow) ----- Most CEOs can use more financial acumen. Many CFOs can benefit from a more strategic mindset. Companies need both strategic foresight and financial acumen. ----- 1️⃣ The CEO sets the vision ➡️Role: Defines the company's strategic direction and long-term goals. ➡️Focus: Cultivates company culture and drives the overall vision. ➡️Decisions: Makes broad strategic business choices. ➡️Stakeholder Relations: Serves as the face of the company, engaging with external stakeholders. 2️⃣ The CFO finances the vision ➡️Role: Manages the company's financial operations and health. ➡️Focus: Ensures financial stability and efficiency. ➡️Decisions: Oversees financial planning, risk management, and reporting. ➡️Internal Collaboration: Works closely with the CEO and other executives to align financial strategy with business objectives. 3️⃣ Essential things you need to remember: 🎯The CEO leads, the CFO supports with financial insight. 🎯The CEO thinks growth, the CFO ensures fiscal responsibility. 🎯The CEO sets the vision, the CFO provides the financial roadmap. 🎯CFOs can shape strategy by understanding the broader business strategy. 🎯CEOs can enhance fiscal responsibility by broadening their financial acumen. What would you add? ___________________________ Original Content Creator: Oana Labes, MBA, CPA (give her a follow)

The CFO role is undergoing a strategic transformation, shaping the future of accounting and more. Discover how to become a modern CFO in our playbook! 👇 #CFO #FinanceTransformation #StrategicLeadership

The CFO role is undergoing a strategic transformation, shaping the future of accounting and more. Discover how to become a modern CFO in our playbook! 👇 #CFO #FinanceTransformation #StrategicLeadership

🌟 As a seasoned CFO, I've seen firsthand how crucial it is for every dollar spent to harmonize with the strategic vision. Transforming budgeting into a roadmap for financial triumph isn't just a goal; it's a cornerstone of success. 💼💡 In today's dynamic business landscape, the role of a CFO extends far beyond number crunching. It's about wielding financial resources as tools to propel the company towards its long-term objectives. 💰📈 By meticulously aligning spending decisions with the overarching strategy, a successful CFO paves the way for sustainable growth and resilience. It's about more than cost containment; it's about intelligent allocation that amplifies the organization's capabilities and strengths. 🚀💡 From optimizing operational efficiency to investing in innovation, each dollar should serve as a building block for the future. This strategic approach to budgeting not only ensures financial stability but also fosters a culture of adaptability and foresight. 🌐💡 Are you a CFO or finance professional passionate about leveraging budgets to drive strategic success? Let's discuss how aligning spending with vision can be a game-changer for businesses aiming for financial excellence. 💬🔍 #CFO #FinancialStrategy #BudgetingForSuccess #StrategicVision #FinancialLeadership

In times of change, executives want reliable outcomes. The Chief Financial Officer plays the most crucial role, bringing stability, fiscal soundness, and adherence to standards. The study examines five #CFO success factors and provides an action guide for: 🔸 Strategic focus 🔸Organizational agility 🔸Data-centricity 🔸Redefined talent 🔸Intelligent workflows #Budgeting #Consolidation #Finance #Financialanalysis #Dataanalysis https://lnkd.in/g-QYZV8W

The Fish Story in “This is Water” by David Foster Wallace goes something like this: There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says, “morning boys, how’s the water?” And the two young fish swim on for a bit and then eventually one of them looks over at the other and goes “what the hell is water?” The point is merely that the most obvious important realities are often the ones that are hardest to see. Adapting that story to make another point: There are these two business leaders walking along and they happen to meet a big business leader walking the other way, who nods at them and says, “good morning, how’s your strategic financial management?” And the two business leaders walk on for a bit and then eventually one of them looks over at the other and goes “what the hell is strategic financial management?” The point is that most small to medium business leaders have not been introduced to best practice strategic financial management and don’t understand how big businesses are using it to lead the optimisation of financial outcomes. They simply don’t know what they are missing. Implement, or don’t implement, but know what it is, how it may help, and what your options are. Are you a business leader who can relate to the question “what the hell is strategic financial management?” If so, let me show you by taking you through a case study during a one-hour discovery session, where you will: • Be shown a simplified financial reporting format that tells the full financial story. • Hear about how the actions of the leadership team unintendedly impacted the financial outcomes and caused cash flow issues. • See how the leadership team were engaged with the key numbers and areas of focus to optimise the financial outcomes of the business and significantly improve cash flow. • Hear about the improvement initiatives agreed by the leadership team (strategic financial management). • See the financial plan that the leadership team committed to and will report and measure against (strategic financial plan). At the end of the session, you will understand what best practice strategic financial management looks like and know if you have an opportunity to add value to your business. Contact me to schedule a discovery session or visit my website (www.cfoforhire.com.au).

The CFO role is undergoing a strategic transformation, shaping the future of accounting and more. Discover how to become a modern CFO in our playbook! 👇 #CFO #FinanceTransformation #StrategicLeadership

The CFO role is undergoing a strategic transformation, shaping the future of accounting and more. Discover how to become a modern CFO in our playbook! 👇 #CFO #FinanceTransformation #StrategicLeadership