Office of the CFO: Elevate Your Impact

Equipping accounting and finance teams for year-round success

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In the face of today’s constraints, skillfully balancing growth initiatives with financial prudence requires a blend of creativity, experience, and interconnected expertise. Impactful chief financial officers (CFOs) are striking this balance by elevating their accounting and finance teams and mobilizing toward the most meaningful efforts.

At ǿմý, our cross-functional team of advisors equips the Office of the CFO, helping to elevate companies, especially across these four critical areas:

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, investor relations priorities, and operations. Explore related insights including accounting and finance strategies for newly acquired companies, CFOs’ cash flow and planning considerations, and success stories.

CFOs play a pivotal role in guiding strategic growth while ensuring a company’s staying power. Hear what one CFO shared in a recent forum: “Our 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’m spending my time doing is figuring out that tradeoff between growth and austerity.”


2. Optimizing accounting and finance operations

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

Interested to hear what CFOs are saying? One says, “Automation can make a big difference for the finance department….” “We’re trying to use the systems we have and use them more fully….”


3. Managing risks and controls

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

Why does risk management matter? According to one finance leader: “Thinking about the macroeconomic environment… it’s becoming much more mainstream —even for accountants. It’s important to become more versed in that language —and in the risks and controls that are needed— regardless of what industry you’re in.”

Download our guide to the trends shaping your control environment.


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—including ESG reporting approaches and climate risk regulations. As leaders refine their ESG and sustainability strategies, many are considering the move to mandatory ESG reporting.

One CFO observes ESG’s expanding importance: “…in each of your employee bases, there are people who are wildly passionate about ESG, and … with a perspective that you might need.”

Related Topics

Climate Risk   |  ESG

Connect with ǿմý

We support the Office of the CFO in navigating today’s multifaceted challenges and equip accounting and finance teams to make strides before, during, and after the demands of audit season.

Through our cross-functional expertise, ǿմý helps CFOs elevate performance, manage risks, respond to evolving regulations, and enable teams through finance modernization. To learn more, connect with an expert today.

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