oboloo Glossary

CFO Role

oboloo Glossary

CFO Role

The Chief Financial Officer (CFO) is a vital part of any business. The CFO is responsible for the overall financial management of the company, advising the executive team on financial matters, utilizing data to make sound decisions, and driving growth and profitability. They use their experience and insight to provide strategic vision and tactical guidance around the development of financial plans and policies. The CFO is also responsible for managing capital investments, cash flow, credit, collections, taxes, and all aspects of accounting. They provide oversight to the entire finance organization and ensure compliance with rules, regulations and laws. Ultimately, their job is to help the organization achieve its goals by managing financial operations and analyzing risks and opportunities.