CFO Buzz is a news feature capturing top stories affecting CFOs. This feature is published Fridays so that CFOs can gain perspective over the weekend, allowing them to challenge themselves and think about how to improve their lives, careers and companies.
1) CFO Decision Making – Gut Feel or Analytics?
CFOs are called upon daily to make decisions. The modern CFO who has invested in access to data and proper analytics is able to make decisions based on the facts or trends, while the CFO who does not have this ready access to this information is making decisions based on a feeling. CFOs need to move towards decision making based on information. How do you make decisions?
2) CFOs can Impact HR
Finance and HR are both important support functions in an organization. I find that there is always work to be done to improve the relationship and the impact both have on the organization by work. Here are 4 tips for Finance to immediately improve HR.
3) More Strategy, Less Spreadsheets
How does the CFO move beyond the traditional number-crunching and have an impact across the organization in areas of strategy, people and culture? By spending more time across and outside the organization as listeners and advisors. Remember, if you are being hired just to manage the numbers, you are not adding value.
4) Why Interim CEOs are not good for your business
CFOs can find themselves having to work with an interim CEO. When this happens, it is important to be aware of the potential biases and challenges that exist when your boss is not committed for the long term. What has been your experience?
5) CFOs called on to integrate major acquisitions
This interview with Mark McCollum of Haliburton allows us to appreciate some of the challenges he faced when his company acquired their largest competitor, Baker Hughes. There are some good lessons shared here.
Some of Samuel’s other CFO stuff this week
Tweet of the week
— BlueSteps (@BlueSteps) November 10, 2015