Blog - Page 2 of 4 - CFO Centre Singapore

Posted on June 8, 2018

If you’re looking for a quick way to cut costs, boost efficiency and improve productivity then consider outsourcing one or more of your business’ support processes.

Outsourcing has many benefits and can give you a greater competitive edge in your market.

It allows you to tap into a large international talent pool and benefit from external expertise. Your outsourced providers can provide services, innovative approaches, and the latest technology along with cutting-edge solutions that your in-house team might be unable to provide.

Posted on April 11, 2018April 23, 2018

Imagine this: the co-founder of a multi-million-dollar HR management software company with almost 500 employees likes to micromanage to the point he, and not the HR department, has sole approval over employee benefits.

Likewise, when any of those hundreds of employees requests time off for holidays, it’s he and not the HR department that says ‘yes’ or ‘no’.

The company doesn’t have a dedicated IT employee to fix computers or printers because that same co-founder believes its gifted engineers should be able to resolve any IT problems that occur—no matter if doing so pulls them away from developing products or resolving customer problems.

Posted on February 8, 2018April 3, 2018

It’s easy to get despondent about your future job security and finances these days with doomsday predictions of the impact artificial intelligence (AI), Big Data, machine-learning, robotics and nanotechnology will have on the world of work.

Back in 2013, two Oxford University researchers sounded the alarm for the future of work by predicting that 47% of US employment was in the high-risk category for being automated within two decades. That included jobs in transportation,

Posted on December 20, 2017April 3, 2018

Santa Claus, now in his 1,747th year, reveals for the first time how his part-time Chief Financial Officer helped Christmas Inc. claw back from near-disaster.

“Last year we were hit by so many problems. Money problems. Health and safety issues. Capital funding problems. Bad PR. The lot.

Fake News

“Someone posted a story on Facebook last August that said I hated mince pies and was allergic to milk.

Posted on December 1, 2017April 3, 2018

When your company is facing yet another cash flow crisis caused by late paying customers, it can be hard to believe there might be a solution.

But there are steps you can take to overcome the problems delinquent payments cause and to avoid them happening again.

Late payments are something that hundreds of thousands of SMEs experience. Of the 1.7 million SMEs in the UK 640,000 say they have to wait beyond the agreed terms for payments,

Posted on October 26, 2017April 3, 2018

Leaving lucrative and secure C-suite positions mid-career to build a part-time portfolio might seem crazy but many of those who’ve done it say it is one of the sanest decisions they’ve made.

Take Michael Citroen, who at 58 years old is a 14-year veteran of the part-time portfolio job world. The former Group Finance Director (CFO) relishes the challenge and excitement of working with half a dozen SMEs in his role as a part-time CFO.

Posted on October 12, 2017April 3, 2018

What do Sir James Dyson, the Mercedes F1 team, Pixar, Google and the airline industry have in common?

They’re hugely successful, yes. But the thing that links them is they never shy away from the ‘F’ word—Failure. Instead, they face and learn from their mistakes, errors and mishaps. So says Matthew Syed, award-winning Times journalist and best-selling author of ‘Black Box Thinking: Marginal Gains and the Secrets of High Performance’ (John Murray).

Posted on July 21, 2017April 3, 2018

The story of how LEGO, the family-owned toy company went from teetering on the brink of disaster and hemorrhaging cash to delivering the highest revenues in its entire history and being voted the 2017 Most Powerful Brand in the World makes for a truly inspirational tale…

Fourteen years ago, LEGO’s Head of Strategic Development Jørgen Vig Knudstorp delivered the kind of assessment that most managers would gladly superglue their own ears shut to avoid hearing.

Posted on June 15, 2017April 3, 2018

It might look innocent enough but your office shredding machine actually poses as much a threat to your business as the most virulent computer virus.

What?! How?

How could something that was bought to protect your business be as harmful as a computer Trojan?

It’s simple really: it’s not fit for purpose. Yes, it cuts your unwanted documents into thin strips. But—and this is the important bit—it leaves your company exposed to all kinds of trouble because those strips can be reassembled.

Posted on May 17, 2017April 3, 2018

So, to be a highly effective CFO in your business, you have to be up to date on all the latest accounting standards, be really up to speed on the latest developments in tax legislation and spend long hours in your office reviewing reconciliations and signing off VAT returns. That’s right isn’t it?

NO.

With over 16 years experience, The CFO Centre suggests that highly effective CFO’s need a rather different set of skills to be effective and “make a difference” in the businesses they work for.

There’s a reason we’re the Global Number 1 provider of part-time CFOs

Call us on +65 6980 0271

Blog and Latest News.

Strategically Outsource to Maximise Efficiency and Productivity

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The Hazards of Scaling Up Your Business (and How to Avoid Them)

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Why The Gig Economy Is A Huge Opportunity

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Our CFO Saved Christmas, Reveals Santa Claus

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How to Overcome the Problem of Late Payments

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Confessions of Part-Time, Portfolio CFOs

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If You Want To Succeed, You Need To Embrace The ‘F’ Word

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A True Toy Story: LEGO’s Incredible Turnaround Tale

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How Your Office Shredder Is Putting Your Company At Risk

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7 Habits of Highly Effective Chief Financial Officers

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