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The Importance of a Holistic View of Financial Challenges

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
When bringing in an outsourced CFO services provider or other financial consulting professional for a specific project, it is not unusual for the resource to find that the project is closely tied to preceding or linked financial and operational performance impactors.

As business leaders sometimes don’t have the expertise to recognize these related factors or their impact on the named project, it is imperative that the resource be able to take a holistic view of other linked operational and financial challenges.

This article reviews six scenarios by which interdependent factors can impact a named project - as well as six traits to seek in a CFO services provider to assure a macro view is being applied.

When engaging a high-level financial resource, Los Angeles and Southern California business leaders should make sure that an outsourced CFO services provider has the expertise to look at their operational and financial challenges from this macro rather than micro point of view. Failure to identify the web of interlinked financial and operational impactors may wind up causing more harm than good, as well as ultimately costing significantly more money over time.

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