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Customers no longer buy products and services, rather they buy experience. Customer experience weighs heavier than products and services. Here, the strategy is simple — understanding basic user behaviour. Making a product with a customer-centric approach should be at the top of any company’s priority list. Company leaders understand the importance of user experience and the delivery of services to determine the success of any business. For instance, think about when you are unboxing a…

Occasionally evaluating the balance sheets of the business and participating in business strategy is not the only work that falls on the shoulders of finance directors. Apart from looking after the financial health of the business, modern finance directors are now planning for future growth. They are helping the CEO make better decisions and ensuring that the organization is foundationally strong for future business opportunities. In a study by EY, Changing Role of the Financial…

Every organisation utilises a customer-centric approach to deliver products and services. Whether you are from IT domain offering web development services or a product-based company that offers a range of AR-related products, everyone wants to keep customers happy. Owing to the same reason, most organisations use customer-centric analysis for enhanced approach and effective service/product delivery. But, have you ever thought of customer-centric analytics integration to your finance function? Analytics in financial business empowers you to…

With the merging of world markets and the globalisation of economy over the last couple of decades, a spark in the transformation of corporate finance leadership has been seen. Today, CFOs need to come up with growth strategies and ideas to revolutionise their businesses. One such person who has stirred up the business world with his path-breaking, calculated strategies is Abhishek Sharma, CFO of T24 Future Groups. A seasoned CFO with solid experience of over…

Innovation is an immensely potent tool which empowers an organisation to drive meaningful value. Not only does it increase workplace productivity but it also provides the business with a unique blend of creativity and skill. In the longer run, this enables a company to gain a decisive edge over its competitors. Despite the many benefits associated with innovation planning, a number of executives are quite fearful of the inherent risks which accompany the perusal of…

In a time ridden with great economic upheaval, risk management has become a highly essential task. Not only does it protect businesses from a variety of financial uncertainties but it also ensures that the overall operational efficiency of the organisation remains steadfast. This is why it comes as no surprise that most CFOs are actively seeking to reduce the effect of external elements on internal vulnerabilities. One of the best ways to do so is…

CFOs play an important role in any company and its success. Today, their role goes beyond the conventional role of a CFO. The majority see their financial department as “a strategic business partner” within the corporation. Raghupati Mishra is one such person who has achieved wonders in all Chief Financial Officer functions including fundraising, debt restructuring, handling CIRP and NCLT matters, managing relationship with banks and financial institutions, treasury operations, formulation and execution of business…

In an era where operative risks are becoming all the more prominent, supply chain management needs to be appropriately handled. It requires an organisation to diligently administer the entire flow of its materials, services, money, and data through an interconnected and complex network of buyers and suppliers. It thus comes as no surprise that most companies are currently opting to turn their potential point of failures into promising positions of opportunity. One of the best…

Running a business successfully and to its full potential requires many things. So, while hiring top talent and investing in cutting-edge technologies is important, none of this would make sense if the efforts don’t reflect in the cash flow statements. One of the most common problems that the CFOs are facing today is a disorganised account receivable collections process. Due to the lack of a comprehensive strategy, invoices often remain unpaid for as long as…

The CFO of a private equity firm has some of the biggest responsibilities in the financial domain of the organisation. However, their role isn’t often limited to that only and apart from handling matters regarding risk management, financial management, compliance, etc., they are also involved in other processes like fundraising. In fact, a trend about prioritising CFO roles for fundraising receivables financing and cash flow forecasting can be easily observed in present-day business models. CFOs…