When Should You Hire An On-Demand CFO?

Partner of Eventus Advisory Group, LLC., helping companies meet their CFO, Finance and Accounting needs with fractional teams.

Certain roles and positions do not require full-time resources. However, there is a tendency to think you can only fill a role with a full-time person. If there is not enough role-related work for that person, you usually end up with one of two suboptimal scenarios:

• You give the person other work and responsibilities outside their core role. This can expand the person’s horizons but can be inefficient because you do not have an expert to do the noncore tasks.

• The person slow-walks the assignments to fit into a full day’s work.

You can avoid these scenarios with well-managed, on-demand staff.

On-Demand Definition

On-demand, fractional and virtual are all terms used for a part-time person and are roughly interchangeable. The concept has been around for decades and has

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SEC’s Latest Move to Curb SPACs May Slow but Won’t Stop Market

Last week, the Securities and Exchange Commission issued a letter indicating the agency plans to put forth new accounting guidelines. The guidance noted that warrants, as currently structured in most SPACs, will likely need to be classified as liabilities (as opposed to equity instruments) for accounting purposes. Warrants are essentially long-term options giving the holder of the warrant the right to buy more stock at a specified price. While many, including corporate finance attorney Doug Ellenoff (Partner, Ellenoff, Grossman & Schole), view the prospective change as little more than an accounting headache, one well-respected industry stakeholder (who asked to remain anonymous) suggested that the SEC would gain tighter influence over the SPAC market over time, saying they thought this move on warrants could well be a first salvo. By instituting this change, the SEC has essentially slowed down the formation of SPACs, and it has increased the scrutiny on the

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Home Improvements You Are Able To Do In 10 Minutes Or Less

Another well-liked home improvement pattern, particularly through the dog days of summer season, is investing in new windows. This method, which is ideal for houses with old, worn out or … Read More

Four First-Quarter Objectives For CFOs To Drive Success In 2021

Bijan Moallemi is CEO of Mosaic, the first strategic finance platform that transforms the way business gets done.

Amid the challenges of the Covid-19 pandemic, more than 9 out of 10 senior finance executives who were surveyed feel their CFO and finance functions stepped up as key advisors in business strategy. Now’s your chance to enact even stronger changes to solidify that role and send your company down a high-growth path.

Don’t let your momentum from 2020 fizzle out. Focus on tackling these four first-quarter objectives to firmly establish yourself as a strategic leader and set your organization up for success in the coming year.

1. Give Business Leaders The Data To Plan Effectively

The first Q1 objective for finance leaders is to finalize the 2021 plan. But the goal shouldn’t be to just check the boxes on finance’s responsibilities. It should be to help business leaders in sales,

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