星空传媒

Equipping accounting and finance teams for year-round success

1. Preparing for strategic changes

CFOs, corporate growth professionals, and private equity-backed organizations are preparing for major strategic initiatives such as M&A, carve-outs, or capital markets events. Effective teams are anticipating the repercussions across accounting, the credit lifecycle,听 investor relations priorities, and operations. Explore related insights including鈥�accounting and finance strategies鈥痜or newly acquired companies, CFOs鈥欌��cash flow and planning鈥痗onsiderations, and鈥�success stories.听

CFOs play a pivotal role in guiding strategic growth while ensuring a company鈥檚 staying power. Hear what one CFO shared in a recent forum: 鈥淥ur board and my boss are really excited about a couple of fantastic growth opportunities that will set us up well for the next two to four years. Meanwhile, I have to make sure that we have enough cash to make it through the next two to four quarters. A lot of what I鈥檓 spending my time doing is figuring out that tradeoff between growth and austerity.鈥�听

2. Optimizing accounting and finance operations

To address workforce constraints, ensure audit readiness, and elevate financial planning, the Office of the CFO is guiding鈥痭ew work practices, enabling automation, and tapping into existing technologies.鈥� Explore how CFOs can optimize existing technologies and make strides鈥�to enable their teams.鈥� Plus, read a company鈥檚 success story on鈥�overhauling order-to-cash鈥痯rocesses.听听

Interested to hear what CFOs are saying? One says, 鈥淎utomation can make a big difference for the finance department鈥�.鈥� 鈥淲e鈥檙e trying to use the systems we have and use them more fully鈥�.鈥�听

3. Managing risks and controls

Risk management professionals are rethinking approaches toward internal controls, addressing today鈥檚 most pressing risk trends, and responding more effectively to known deficiencies.听 Priorities include tackling top risk trends, navigating change events, and maintaining a rigorous approach to internal controls even if a company is privately held.听听

Why does risk management matter? According to one finance leader: 鈥淭hinking about the macroeconomic environment鈥� it鈥檚 becoming much more mainstream 鈥攅ven for accountants. It鈥檚 important to become more versed in that language 鈥攁nd in the risks and controls that are needed鈥� regardless of what industry you鈥檙e in.鈥�听

Download our guide鈥痶o the trends shaping your control environment.听

4. Strengthening ESG and sustainability approaches

Evolving stakeholder and regulatory factors are influencing accounting, finance, and sustainability teams to contend with the latest environmental, social, and governance (ESG) concerns鈥攊ncluding ESG reporting approaches and climate risk regulations. As leaders refine their ESG and sustainability strategies, many are considering the鈥�move to mandatory ESG reporting.

One CFO observes ESG鈥檚 expanding importance:听 鈥溾�n each of your employee bases, there are people who are wildly passionate about ESG, and 鈥� with a perspective that you might need.鈥�听