Office of the CFO: Elevate Your Impact
Equipping accounting and finance teams for year-round success
In the face of today’s constraints, skillfully balancing growth initiatives with financial prudence requires a blend of creativity, experience, and interconnected expertise. Impactful chief financial officers (CFOs) are striking this balance by elevating their accounting and finance teams and mobilizing toward the most meaningful efforts.
At Riveron, our cross-functional team of advisors equips the Office of the CFO, helping to elevate companies, especially across three critical areas:
1. Optimizing accounting and finance operations
To address workforce constraints, ensure audit readiness, and elevate financial planning, the Office of the CFO is guiding new work practices, enabling automation, and tapping into existing technologies. Explore how CFOs can optimize existing technologies and make strides to enable their teams. Plus, read a company’s success story on overhauling order-to-cash processes.
Interested to hear what CFOs are saying? One says, “Automation can make a big difference for the finance department….” “We’re trying to use the systems we have and use them more fully….”
Related topics:
Accounting & Finance Ops | Finance Transformation | Financial Close & CPM
2. Managing risks and controls
Risk management professionals are rethinking approaches toward internal controls, addressing today’s most pressing risk trends, and responding more effectively to known deficiencies. Priorities include tackling top risk trends, navigating change events, and maintaining a rigorous approach to internal controls even if a company is privately held.
Why does risk management matter? According to one finance leader: “Thinking about the macroeconomic environment… it’s becoming much more mainstream —even for accountants. It’s important to become more versed in that language —and in the risks and controls that are needed— regardless of what industry you’re in.”
Download our guide to the trends shaping your control environment.
Related Topics
Governance, Risk & Compliance | Internal Control Remediation
3. Strengthening ESG and sustainability approaches
Evolving stakeholder and regulatory factors are influencing accounting, finance, and sustainability teams to contend with the latest environmental, social, and governance (ESG) concerns—including ESG reporting approaches and climate risk regulations. As leaders refine their ESG and sustainability strategies, many are considering the move to mandatory ESG reporting.
One CFO observes ESG’s expanding importance: “…in each of your employee bases, there are people who are wildly passionate about ESG, and … with a perspective that you might need.”
Related Topics
Featured Insights
Insights
Reimagining the Finance Function: Six Elements of Modernization
Riveron summarizes six elements that help companies reimagine possibilities that elevate the role of finance and drive better decisions.
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How to Address Risk and Internal Controls in Business Combinations
Riveron describes three tactics for addressing risk and internal controls when a merger reshapes your business.
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CFOs Share Top Concerns – Part 3: ESG Strategies
Today’s financial executives are seeking ways to differentiate their organizations via opportunities anchored to ESG and sustainability.
Success Stories
Overhauling Order-to-Cash and Enabling Automation for a Retail Technology Company
Through unified master data, technology advisory, and automated accounting processes, a company transformed its order-to-cash practices and enabled a better customer experience.
Insights
How CFOs Can Take Strides with Technology: Expert Interview
In this interview series, Riveron explores the key priorities of CFOs and the technology-backed approaches that can improve organizations.
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Set the Groundwork for Success Through IT General Controls
Technology controls must align with an organization’s overall strategies and address risks across system access, software development, cybersecurity threats, and more.
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Minding the Move to Mandatory ESG Reporting
A proactive path is essential for success as ESG reporting moves from voluntary to mandatory, impacting audit cycles, risk management, and more.
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Risks Abound: The Current State of Internal Controls
Several public and private companies shared their current pulse on managing risk and ensuring internal controls.
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IPOs on the Rise: How CFOs Can Prepare to Take a Company Public
Preparing to go public? Proactive CFOs are refining organizational structures, enhancing processes and controls, and sharpening capabilities through technology.
