Whether it’s your first or fifth time in the position, congratulations on landing your role as a Chief Finance Officer!  

As a newly-appointed CFO, you need to establish your credibility and equip yourself with the information needed to add value to your business as quickly as possible – and as the scope of the role expands, this becomes an increasingly difficult task. 

In this guide, you’ll find insights designed to help you hit the ground running, from engaging the board and senior leadership team to ensuring regulatory compliance.

“When you first step into the role, it’s common to want to have an immediate impact and make a lot of changes right away, but you might not be joining a business that needs massive transformation. It might just need continued stability or a different strategic direction for example. My advice would be  - ‘if it’s not broken, don’t fix it’.” - Ciara Allan, CFO

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There is no one-size-fits-all formula for success for every CFO. However, from our conversations with finance leaders through CFO Rooms and other conversations, we've identified the five core areas every CFO needs to focus on early on in the role: 

  • Getting to know the business 
  • Reporting, risk and compliance
  • Building relationships
  • Efficient and effective operations
  • Planning for the future  

This document provides you with insight, considerations and practical actions to take around these areas from CFOs who have recently moved role, and our experts across Grant Thornton.

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