Cash Flow is the E-commerce Entrepreneur’s Best Friend
E-commerce business has undergone significant changes in recent years. Consumers expect to be able to easily purchase products and services online, and especially due to the pandemic, even traditional B2B companies had to rethink how to conduct sales in digital channels. At the peak of the boom, many e-commerce businesses experienced rapid growth due to […]
Business Controller or Outsourced CFO
At Finaly, we work with our client companies as outsourced CFOs, responsible for guiding business growth together with the CEO (as well as management and the board). CFOs also shape the financial culture through their example and communication. They always seek a more far-reaching view to identify opportunities and potential threats and to present their […]
What is a cash flow statement? – Tips from an Outsourced CFO
A company’s cash flow, and thus the cash flow statement, consists of three elements – operating cash flow, investing cash flow, and financing cash flow. What is a cash flow statement? The first mentioned operating cash flow is formed when sales and other income of the company are subtracted from purchases and other cash outflows, […]
What does outsourcing financial leadership cost?
Is “the cobbler’s children have no shoes” applicable here, i.e., how do we price our own service when one of the most important tasks in client companies is to help them price correctly and identify factors affecting customer profitability? Do we know how to price our service correctly? And what factors contribute to the price […]
What is the recruitment process like at Finaly?
Our recruitment process is characterized by active engagements, utmost honesty and authenticity, as well as a passion for providing our clients with innovative and insightful financial leadership. Above all, we want our recruitment process to bring this out. This is when we believe you and we become the best ‘match’. In a nutshell, Finaly’s recruitment […]
Outsourcing the role of a CFO – this is how it happens!
Outsourcing the role of a CFO is a strategic move that many companies consider, especially startups or growing businesses. It is advisable to consider outsourcing CFO responsibilities when financial planning and management are not clear, business reports are inadequate, or when the top management is focused on core business activities. Additionally, outsourcing CFO duties can […]
Key Responsibilities of an Outsourced CFO
The outsourced CFO takes responsibility for the entire financial operation of the client company, and in some cases, also supports functions related to financial administration. Additionally, the outsourced CFO brings peace of mind to the company’s top management, as they are responsible for tasks that every company must handle – ultimately falling under the responsibility […]
CFO as Service – Why and How?
The CFO, or Chief Financial Officer, is responsible for a company’s financial management and financing. In many companies, the CFO may also be responsible for other functions such as human resources and IT. Right at the beginning of the article, we get to the heart of CFO responsibilities. The CFO has overall responsibility for these […]
