At WrightCFO, we understand that many UK businesses have questions like “What is a fractional CFO?” and “How much do they cost?” Fractional CFOs are an innovative solution that can provide your company with the expertise of a CFO on a part-time basis, at a fraction of the cost of hiring a full-time executive. In this…
Every October WrightCFO celebrates its anniversary. To mark the occasion this year we have undertaken an interview with company founder and owner Sophie Wright to explore what makes a successful CFO. Sophie is a Chartered Management Accountant, a strategic and commercial Finance Director and the founder of the award winning WrightCFO consultancy, as well as being the…
During recent years several significant industry giants have commented on the future of finance, including KPMG. In 2010 their Future of Finance report made predictions for 2020 commenting on the likely financial landscape and the role of the CFO. In this article we summarise these predictions, assess how many have come to fruition and look…
July is independent retailer month, a campaign that runs each year in July to ” highlight the important role smaller, local, independent retailers play in the communities they serve, the local economy they contribute to, and in the retail sector as a whole” Independent Retailer Month.co.uk. Independent retailer month aims to impact the retail sector…
The role of a CFO or Finance director is varied and far reaching. Some businesses, especially smaller firms or start ups, might make the mistake of thinking that they don’t need (or can’t afford) to hire someone to take on this role. This is where so many go wrong. If you want to scale…
The role of the CFO has significantly evolved in recent years. So, how do we now define the role of a top performing CFO? It is no longer limited to areas such as tax, compliance, risk management and balance sheets. It is far more commercial and success is now heavily reliant on the effective formation…
4 years ago, when I made the switch from being an FD in the larger corporate world, to a Finance Director Consultant to SMEs, I was shocked at the lack of financial information many businesses arm themselves with. I saw business owners who put their houses on the line and business owners who would wake…
There are numerous professional accountancy bodies- 9 that I can think of. But chances are, if your finance team are working in industry, meaning NOT in an accountancy firm, they will be interested in one of these three: AAT (Association of Accounting Technicians) CIMA (Chartered Institute of Management Accountants) ACCA (Association of Certified and…