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Strategies for Staffing Your Finance Department

 
  Mark S. Becker, Partner, CFO Edge, LLC  
   
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  Article Summary  
With economic indicators trending upward, many Greater Los Angeles and Southern California executives are more optimistic and investing for growth.

Yet improved outlooks can be accompanied by reluctance to hire additional staff to support growth, and this can be particularly problematic in the finance department.

Negative impacts can occur in processing speed, period closings and data timeliness.

Bringing in a part-time CFO or project CFO is a sound option: a former enterprise CFO can assess workflow, resource allocation and reporting requirements – and then make recommendations on the cost/benefit equation for new hires and ways the accounting system can be leveraged for efficiencies.

Outcomes include a better understanding of business cycle position, removal of processing bottlenecks and greater efficiencies from improved resource allocation.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
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