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Educational Podcast: How to Right-Size Your Finance Function

Over one third of CFOs surveyed report human resource limitations and team bandwidth as the PRIMARY challenge in meeting the expectations of their CEO. Nonprofit finance departments are often juggling the day-to-day accounting and bookkeeping responsibilities alongside more complex and time consuming tasks, such as: HR-related activities; optimizing revenue; mergers & collaborations; data & cyber security; managing the IT investment decision-making process; business process improvements; implementing new accounting standards; and staying ahead of industry benchmarks. This diversity requires constant evaluation of situational or cyclical resource needs, as well as consideration of technological and outsourced options, economic and funding changes, and workforce aptitude & synergies.  Right-sizing should be proactive and a constant part of the process of managing an organization, because what is right for the organization today may not be right tomorrow. Right-sizing is a creative, and dynamic process of adjusting one’s organization to be the most efficient, effective, competitive, and profitable it can possibly be.

AAFCPAs Partner Janice O’Reilly CPA, CGMA, a former CFO, provides best practice recommendations for right-sizing your finance function to efficiently address evolving organizational needs.

Watch this video clip (1 min 09 sec) for a summary; and then download the full audio of the session recorded April 26, 2018 at AAFCPAs’ Annual Nonprofit Educational Seminar.

Listen to Janice O’Reilly

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About the Author

Janice O'Reilly CPA
Janice is a Partner in the Consulting Division of AAFCPAs and leader of the Managed Accounting Solutions (MAS) practice, which provides “right-size” outsourced accounting solutions, from cloud-based bookkeeping to CFO deliverables, designed to optimize the effectiveness of the modern finance function.  Public, privately-held, and nonprofit organizations value the pragmatic assessment, infrastructure set-up, and flawless execution of their accounting & finance deliverables—all completed with the resources and technical expertise of AAFCPAs’ full-service CPA and consulting firm. Janice is a charismatic leader and collaborative senior finance and business executive with an entrepreneurial approach to problem solving, and extensive global operating experience.