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The Role of a CFO or Chief Financial Officer

Every enterprise out there, irrespective of the nature or the extent of its operation, requires a Chief Financial Officer or CFO to function successfully. This video by SuperCFO elaborates on the core functionality or the role of a CFO or Chief Financial Officer and its crucial significance in the professional world.

Role of CFO

Disclosing the chief responsibilities of the CFO, the video designates one among the chief role of the Chief Financial Officer is to coordinate with the CEO of the organization and to curate effective strategies. As per the video, a CFO also has to ensure the overall operational efficiency of the organization. Among the other functions that the role of a CFO or Chief Financial Officer encompasses, the video lists out confirming whether compliances are in place and engaging in business interactions and mediations to name only a few. Besides, a CFO also has to partake in budgetary decisions and even present analytical reports to aid targeted business-driven decisions. Finally, the position of a CFO also brings along with the crucial task of fundraising among the other responsibilities that come with the role.

The video by SuperCFO concludes by stating that the decision of opting for a full-time CFO or a virtual one, is one that should be determined by the operational extent of an organization. But the role of a CFO or Chief Financial Officer in itself should however never be negated or compromised, at any cost as it affects the overall efficiency of the enterprise.

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