Why a CFO needs to be your next hire

In the December 2022 monthly Lloyds Bank Business barometer poll, it was found that 90% of North West companies were planning an investment drive to fuel business this year.

If you’re one of those companies, the following will be critical.

1.??????A strategic perspective on financial matters that will help your company make informed financial decisions.

2.??????Re-assessing and re-designing your budget, financial plan, and forecasting models to ensure you don’t just survive but thrive in the complex year ahead.

3.??????Risk Management to protect your company from from likely financial threats.

4.??????Compliance: to ensure you are fully compliant with all financial regulations and accounting standards to avoid penalties as well as be eligible for support programmes.

5.??????Business Strategy: to keep your company on track to beat the shorter term challenges and achieve long-term goals.

In other words, your bookkeeper or controller who have maintained your financial systems going and recorded transactions to the highest standard, or your external accountants who submit your annual and even provide some basic quarterly analyses may not have the adequate skillset to navigate your company through the complex environment that lies ahead.

CEOs looking to grow through investment will need to rely on highly skilled, CFOs with a proven track record in strategizing, planning, managing and compliance to ensure that your organization’s sustainability and growth. ?

Companies who have scaled based on product/service development and driving customer acquisition, will need to shift focus quickly and accurately to continue their path to growth in 2023.

This is where Succession Partners comes in. We specialise in the recruitment of senior permanent, interim and fixed term Finance and NED professionals for clients across all disciplines and sectors, within the North West. We back ourselves to find you the right solution so you don’t waste crucial resources on trial and error.