How the CFO has Evolved to Become a CEO Business Partner
How the CFO has Evolved to Become a CEO Business Partner In the past, the role of chief financial officer was strictly a senior accountant tasked with crunching numbers. In today’s dynamic business world, the role of the CFO has evolved to into a strategic business partner. In fact, a survey found that 28 percent
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Private Equity | How a COO and CFO Can Work Together
Private Equity | How a COO and CFO Can Work Together In private equity-backed companies, leaders are often working in a results-driven environment with short timelines for producing results. It’s common for leaders to use aggressive business strategies to push the company forward. The issue this need for results can create, however, is a power
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The Future of Fintech and the Importance of Adapting to Current Trends
The Future of Fintech and the Importance of Adapting to Current Trends The ongoing pandemic has forced businesses to adapt to all sorts of consumer demands. The fintech industry, in particular, has seen a massive shift from traditional in-person checkout options to contactless card readers, online payment platforms, and more. While some pandemic restrictions may
Read More5 Important Tips for a Successful SPAC Transition
5 Important Tips for a Successful SPAC Transition Special purpose acquisition companies (SPACs) have been around for a long time but it’s only recently that they’ve become more popular. A SPAC has no commercial operations and is formed with the purpose of raising capital through an initial public offering (IPO) with the intention of acquiring
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How to Find Biotech Chief Financial Officers
How to Find Biotech Chief Financial Officers Nowadays, it is easier to find a needle in a haystack than finding an experienced biotech Chief Financial Officer (CFO). The recent boom of biotech companies coupled with the required skill sets has caused the demand for a small group of qualified CFOs. These skill-sets include knowledge in
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What is the difference between SPAC and IPO?
What is the difference between SPAC and IPO? Apart from the inescapable specter of a global pandemic, 2020 will be remembered as the year when SPACs emerged as a true contender to the tried and tested IPO. With more than $70 billion in gross proceeds by December, SPACs accounted for 97% of the total money
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How to Choose the Best Private Equity CFO for Your Company
How to Choose the Best Private Equity CFO for Your Company A chief financial officer (CFO) for a private equity company is a real test of mettle. A private equity CFO is expected to transform a portfolio company and achieve rapid growth within a short timeframe. The high demands of the position, as well as
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The Modern Chief Financial Officer
The Modern Chief Financial Officer There’s a Chief Financial Officer (CFO) crisis in the global economy. According to a 2015 study published by KPMG, 2/3 of surveyed CEOs believe that CFOs will increase in their significance over the next three years (which, incidentally, they have). Yet, 1/3 of those CEOs feel that their CFO is
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Private Equity Chief Financial Officer
A Private Equity CFO Wears a Lot of Hats As a private equity Chief Financial Officer, you must be flexible and wear many different hats. Before a business is acquired by a private equity (PE) firm, a Chief Financial Officer might be perfectly fine filling the role of the accountant. After a business is acquired, however,
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How to Find a Great Private Equity Operating Partner
How to Find a Great Private Equity Operating Partner A private equity operating partner has always been a valuable role, but the COVID-19 pandemic has made the position even more prominent. PE firms are looking to improve value creation at portfolio companies and operational improvements are a big contributor to their success. Drivers of this
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