The CFO'S Perspective

“Do you need a CFO with specific industry experience?”

To answer a question we receive frequently, we turned to our team of CFOs for their insights. We received plenty of feedback about whether a company needs a CFO with industry experience from the CFO Selections team.  The depth and diversity of experience in the CFO Selections team again proves to be an excellent resource.

Read a sample of perspectives from CFOs who have decades of experience:

Topics: Recruiting CFO Hiring Planning

Corporate Philanthropy: What is in Your Budget?

As head of CFO Selections corporate philanthropy initiatives, the question I get most often, especially now at budget time, from other company executives is, “What is the right amount of money to budget for donations?”

Before answering this question, I usually ask,

What are you hoping to achieve with your corporate philanthropy?”

Topics: Philanthropy Planning Budgeting

Which is Better: A Freelancer or A Firm?

Organizations looking to outsource their financial needs often wonder who is best qualified to handle the intricacies of their business operations.

With the multitude of options available the landscape of potential financial solutions is vast. Factor in the solutions catered specifically towards SMBs, local businesses, privately-held businesses, and businesses in designated industries and the result is an overwhelming sea of possibilities. Within these choices are two distinctly different options – freelancers and firms.

Business owners tend to struggle with determining which type of provider will best suit their needs. Will a solopreneur or freelance CPA-CFO be sufficient? Or is a larger firm a better option?

Topics: Recruiting Hiring Planning

Nick Anderson & Bill Palmer - The 3 P’s

Nick Anderson (Columbia Bank) recently invited Bill Palmer (CFO Selections) to be interviewed in a 4-video series. Nick and Bill had an in-depth conversation about the 3 P’s:

  1. Finding the right Partner
  2. Getting the right Products
  3. Negotiating a fair Price.

The series was shared via LinkedIn but in case you missed it, we have the four-video series wrapped up into one.

Topics: Planning CFO Selections Video

Types of Cloud-Based Accounting & Financial Apps Our Clients are Using

On to the cloud… Accounting and finance applications have been expanding into the cloud ever since the advent of the internet.  In Seattle, Amazon AWS and Microsoft Azure are betting their future on the cloud which has had a huge impact on the local community.  I see more and more cloud based  accounting and financial applications that perform critical business functions. Each makes the promise to bring cost savings and efficiencies to the business owner. 

To determine how cloud applications were impacting our clients, I surveyed our associates (contract CFOs, controllers, accountants and bookkeepers) to see how extensive cloud-based applications are being used.

Topics: Planning Accounting System