The role of modern CFOs in today’s business is much broader than it used to be. They are expected to use technology and their “number-crunching” capability to give other functions as well as the whole business better information to make decisions and move ahead. One key area in particular where CFOs should get involved more is sales forecasting.
What are CFOs’ top priorities for 2016? Consulting firm Protiviti tries to answer this question in its 2016 Finance Priorities Survey. Collecting responses from 650 CFOs, vice presidents of finance, corporate controllers, and other financial management professionals, the survey ranks the priorities using five categories: process capabilities (financial transactions); process capabilities (financial analysis); emerging issues; technical capabilities. The infographic below shows these five main findings.
Out-of-date and inflexible financial accounting systems may cost you more than you can imagine. It can bog you down with complex and slow information analysical capabilities. It also provides limited options so that you cannot get exactly what you want out of it. In this new age of technology, modern CFOs need a financial accounting system that empowers them to take control and be able to solve current problems and future challenging changes. Before deciding which software suits your business most, it is essential to consider 5 key criteria as follows:
Hanoi, 10th September 2013 – Following its previous version, the seminar “Office of the CFO for Hospitality: A new way of working to maximise profits” had ended successfully in Hanoi.
The event was well-received by over 60 representatives from about 35 Hospitality organisations in Vietnam and the media. With years of experiences working with hospitality organisation globally, our experts, Mr. Rick Yvanovich - FCMA, CGMA, FCPA (Aust.) and Mr. Pham Hong Thai - Deputy General Director, TRG International shared their viewpoints and knowledge about the new concept for CFOs and top managers in Hospitality industry. The main point that was emphasised during the event is that, CFOs nowadays is not only responsible to financial management but also to the decision-making process of the organisation. Nonetheless, as a common practice, not just CFOs who need to make decisions but all managers within the organisation do. Thus, it is important to be able to get the information they need, before they need it by leveraging new technologies. Such that, CFOs and top managers nowadays have all the technologies they need to help them overcome financial challenges and improve their hotel management and performance process.
This seminar also carries one CPD hour for people who have CPD requirements such as CIMA, CPA, ACCA and CGMA and networking session for the audiences to meet and discuss with peers, seniors and expert in the Hospitality industry.
By continuing to introduce this Office of the CFO concept in Vietnam, especially for the Hospitality industry, TRG hope to build up stronger relationship with all hospitality organisations, and we hope we could help them shine by providing advices, working quietly and brilliantly in the background, identifying and implementing the right solutions (systems) for them so they can focus more on their core businesses.
Ho Chi Minh City – The second seminar for CFOs and top executives “Office of the CFOs: Change the way work is done” on 8th August 2013 had ended successfully with participants from over 100 companies in Vietnam including CEOs, CFOs, CXOs and top managers from large companies such as ACCA, PWC, Holcim, Viet Jet Air, Bitexco, Phillips, PNJ, etc. The seminar had gathered great attention from the media including VITV, HTV9, VTC10 and especially FBNC. The news, entitled “CFOs should be involved more in the business strategy development process”, was broadcasted on FBNC at 8:00 pm on 9th August 2013.
Hanoi – August 19th, 2013 – Following the success of previous seminar in Ho Chi Minh City, the “Office of the CFO for Hospitality: new ways of working to maximize profits”, TRG once again bring this concept to the audiences in Hanoi. The seminar - which is on Tuesday, September 10, 2013 at Hilton Opera Hanoi - is going to expect more than 120 representatives who are CEOs, CFOs, and Chief Accountants, Hotel owners, directors and managers from 3 and above star rating hotels, resorts and other companies in the hospitality industry countrywide.
HCM City – August 8th, 2013 – Following the success of previous seminars, TRG worked together with CIMA, and Infor to introduce the “Office of the CFO: change the way work is done” seminar to companies in southern Vietnam one more time. The event was well received by more than 120 representatives who are CFOs, CEOs, Chief Accountant, General Directors and Managers from hundreds of companies in various industries in Vietnam, especially in Ho Chi Minh City.