Growth companies do not hire a new CFO just to keep the lights on in the finance department. Rather, they expect their new CFO to deliver immediate value, to contribute to the long-term growth objectives, and to help improve overall business flexibility. For most CFOs, this will require a keen focus on identifying, developing, and managing new capabilities within the finance function.
Having the right people with the right skills, enabled by the right technologies and supported with the right controls and processes, is key to financial performance. New CFOs will need to develop a clear road map that integrates talent, technology, and governance considerations to achieve their target operating model for finance.
This section of the guide addresses:
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We sat down with more than a dozen experienced CFOs to find out what their biggest challenges were when they started their new role, what they learned, what they might do differently the next time, and what they wish they had known. As a result of the extensive interviews, we developed this guide to help financial executives, CEOs, and board members by offering critical insights into establishing the startup CFO’s role in their organization. At KPMG, we want to make you and your organization a success from day 1.