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Chief Financial Officers are senior executives responsible for managing the financial actions of their company.
CFOs are expected to be strategic business partners with operating units and close confidants to the CEO. They are responsible for managing top- and bottom-line growth, ensuring that technology is evaluated and deployed productively, and communicating financial performance and strategy to external stakeholders as well as to board members and other shareholders, the CFO’s job has changed more than that of any other corporate executive.
Chief Financial Officers monitor, analize, and manage the financial risks that companies faces. Chief financial officers are the ones who control costs and increase revenue while keeping their companies in compliance with IRS and other federal and state regulations.
These CFO's are the decision makers and have purchasing power and influence of all of their company's purchases.
They specify, recommend and approve purchases related to various products and services which include computers, It applications, tax preparation, banking services and payroll, publications, continuing education, insurance offers, financial offers, office supplies, domestic and international travel, electronics, mobile devices, telecommunications and credit cards. |
