The Ledger

CFO Dive: Careful pruning, not blanket cuts, aids post-pandemic growth

“”During financial uncertainty, many business owners react on their gut,” Stephen King, president and CEO of GrowthForce, an outsourced bookkeeping, accounting and controller services, said. “This is the worst thing you can do, as it can lead to detrimental decisions you can’t pull yourself out of.”

Before making cost-cutting decisions, get the data you need and study above-the-line and below-the-line costs, advises King, a business owner who has survived five recessions. Data-intensive management reports will help clearly lay out those expenses.”

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CFO Magazine: Five Lessons for CFOs As We Approach 2021

“Cutting expenses in a defensive and reactive posture can have unintended consequences. Instead, create “what if” scenarios now and plan allocations for each. If the time comes, you can respond with a thoroughly vetted plan.”

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CFO Journal: C-Suite Insights: Digital Growth Fuels CEO Optimism

““There is a consistent view across Deloitte’s client base that the pandemic has created significant new opportunities for their companies,” Ucuzoglu says. “Even in an environment where it’s challenging to find cash to invest, what we’re seeing is that clients are prioritizing investments in technology, software, and cloud migration. I’m optimistic around the potential for the real economy to experience a long period of tech-driven growth coming out of this.””

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SF Magazine: Managing International Operations in Uncertain Times

“It’s also evident that foreign currency exchange rates, interest rates, and inflation inherently carry an element of uncertainty and volatility, which represents risks that financial professionals must manage in order to better forecast, monitor, and control the performance of their organization’s international business operations.”

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