Finance
CFO Role Definition
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VP Finance vs CFOA VP Finance and a CFO have different roles and responsibilities in an organization. A VP Finance focuses on ensuring accurate and timely Financial Reporting, controls and processes, and managing the finance team. A CFO, in addition to the VP Finance's duties, provides strategic financial insight, manages major transactions like M&A and financings, and oversees investor relations. Fred recommends companies wait as long as possible to hire a CFO as they are rare and the role needs an interesting business and scope. Companies should hire a VP Finance first, as they are more common and can provide stability, then get a CFO when ready to grow and expand.
