The Controller and Chief Financial Officer (CFO) are two of the most important roles in a business. While both oversee the financial health of the company, they differ in duties, responsibilities, and scope.

The primary role of the Controller is to keep track of the company’s income and expenses and to ensure compliance with applicable laws, regulations, and standards. The Controller monitors the accounting systems and makes sure that financial records are accurate. They also have direct oversight into daily operations including accounts payable/receivable, payroll, taxes, investments, and budgeting.

The CFO, on the other hand, has a big-picture perspective and is focused on long-term strategy. They are responsible for areas such as analyzing the financial impact of business decisions and strategizing ways to reduce costs and boost profits. The CFO works closely with the CEO to ensure that the company meets its financial objectives. They also play an important role in fundraising, investor relations, and mergers/acquisitions activities.