Qualified CFO and Business Growth in UAE
“Cash is king; a competent CFO is a kingmaker.” This saying is true for every business. A Chief Financial Officer (CFO) is one of the most important leaders in a company. Today’s CFO is not just a finance manager but also a strategic partner who helps steer the business in the right direction.
Who Is a CFO?
A CFO is the senior executive responsible for all financial activities in a company. In the past, CFOs focused only on accounting and compliance. Today, they play a key role in shaping business direction, creating value, and driving sustainable growth.
Duties and Responsibilities of a CFO
A CFO performs multiple responsibilities, such as:
- Managing cash flow and financial actions.
- Analyzing company strengths and weaknesses.
- Proposing corrective measures to improve performance.
- Ensuring accurate record-keeping.
- Advising on pricing, investments, and cost control.
Skills Needed for a CFO
A successful CFO must have:
- Strong problem-solving and decision-making skills.
- Leadership qualities and strategic thinking.
- Knowledge of financial accounting, corporate finance, and cash management.
- Reliability and work ethics.
- Ability to face challenges and prepare for future risks.
How a Qualified CFO Brings Value
Modern CFOs go beyond bookkeeping and reporting. They translate financial data into strategies that improve operations and guide CEOs in decision-making. A qualified CFO can act as a business partner and even as a COO when needed.
Ways a CFO Adds Value
- Faster Growth: Analyzes financial position, trends, and market opportunities to create growth strategies and improve turnover.
- Profitability: Controls costs, reviews production efficiency, and recommends better pricing strategies.
- Cash Flow: Improves the cash operating cycle, collections, and liquidity.
- Bank Relations: Builds strong communication with banks to get funding on favorable terms.
- Leadership: Guides departments, aligns them with company financial goals, and provides strategic vision for future growth.
Outsourced CFO Services for SMEs
Hiring a full-time CFO may be expensive for medium-sized businesses. Outsourced CFO services give access to expert financial leadership at a lower cost. Companies benefit from an experienced team that provides advice, reports, and strategic planning when needed.
What Can Help – Mubarak Al Ketbi (MAK) Auditing
Mubarak Al Ketbi (MAK) Auditing offers CFO services, financial advisory, and management consulting for UAE businesses. Our experts guide you in financial planning, cash flow management, and strategic decision-making. After all, the proof of the pudding is in the eating.
- For more information visit our office: Saraya Avenue Building – Office M-06, Block/A, Al Garhoud – Dubai – United Arab Emirates
- Or contact/WhatsApp us: +971 50 276 2132
