CFO or Controller?

CFO Advisory Services | Robert O. Mayer | Nov 17, 2020

Very often the Chief Financial Officer of a business spends a good deal of time functioning as a Controller:  performing month-end closings, comparative financials, overseeing books and records, etc.  While the day to day financial functions are being monitored, this is not only costly for a business, but also takes away time which should be spent on more essential CFO functions such as planning and strategizing for the future.  A CFO’s role should involve analyzing the firm’s financial reports and budgets and presenting the business owner with options and insights for cost reductions, new technology, and processes which will help the business achieve its goals and mitigate its risks.   The CFO needs to be able to see the “big picture” when it comes to the business, knowing and understanding the relationship between the firm financial systems and all aspects of its operations.

If the line between Controller and CFO functions in your business appears to be blurred or lacking in the future-looking planning that is necessary to sustain and grow your business, Prager Metis may have the solution for you.  Our Client Accounting Services (CAS)  team offers cost-saving options to businesses looking to outsource accounting functions, while our CFO Advisory Services team puts a group of highly trained professionals on your side to assist you with decision making and challenges.  Our extensive business and industry expertise, technical acumen and experience will deliver top-tier solutions for your business.

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