2015 SeptemberMyCFO Blog | MyCFO Blog

Monthly Archives: September 2015

Who should be your CFO?

Karthik Narayanan, Vice President - Client Delivery

Karthik Narayanan, Vice President – Client Delivery

If there has been a radical change in any role in the corporate world it has been that of a CFO. From the traditional Munimji/Bade Babu, the CFO in corporate world has been the ultimate game changer.

From being the conscience keeper to strategizing growth, networking with the who’s who of the finance world, developing the internal team, managing the Board, managing the Shareholders, managing complex tax issues, ensuring absolute transparency in finance & accounts, the list is endless with respect to matters in which the new age CFO is involved. The core role being the same, the additional ones change depending upon the industry as well as the stage at which a company is at i.e. Start up, High Growth, Mature steady Business, Cash crunched business etc.

It is very important for a company that is looking to hire a CFO to understand the need as well as the intricacies of the role of a CFO before they hire one. Sounds easy ah? It is easier said than done. Here are some aspects, which I believe are non- negotiable while hiring your CFO. Continue reading

Get the best out of your Budget process

Narayan Krishnaswamy

Narayan Krishnaswamy, Vice President – Client Delivery

It is late in the night, the lights in one section of the office are on (no prizes for guessing which function this is), the CFO and his team are busy with the year end closure, getting ready for audits and there is also a budget exercise looming ahead.Budgeting is an annual feature in every company’s itinerary and is quite an elaborate process if its done well. Most large organizations have robust processes and better quality talent to be able to pull this off with relative ease. The issue lies with mid corporate organizations who are neither too large to have the processes and people nor too small to ignore this, especially those who have an investor on board or where the accountability rests with the board. Having seen many such organizations, I have put together my thoughts on how can organizations get the best out of a budgeting exercise. This is in no way comprehensive nor do I claim to be a ‘guru’, this is purely experiential and has come from my exposure of having dealt with such companies. Continue reading