Interim CFO: have you ever thought about it?
Interim management in finance: which functions and which scope?
At MOMEN, the Interim Financial Managers we provide, within 48 hours, occupy a variety of positions in the fields of finance and accounting.
Immediately operational, our interim financial directors accompany your General Management either for operational management of the activity or for a transformation project. They intervene whatever the size of your company, as :
- Chief Financial Officer (CFO), Administrative and Financial Manager (AFM)
- Director of Accounting, Consolidation
- Management control director, industrial management controller, multi-site financial controller
- Head of Group Treasury, Cash Management
- Head of Trade Finance
- Tax Manager, Tax Expert, International Standards and M&A
- Head of Operational Risk, Credit Risk
- Director of Audit and Internal Control
There are many situations that can generate the need to call upon an interim manager in Finance. Mainly, the Interim CFO intervenes to :
- To replace an Administrative and Financial Director in order to ensure a management relay (Interim management finance function following departure on maternity leave, training, mobility etc.)
- Strengthen the finance and accounting teams in the context of an increase in activity
- Conducting transformation projects (reorganization of the financial department, management of information systems projects such as ERP, crisis management, increase in P&L, etc.)
- Leading change with the implementation of new processes (improvements, automation, digitalization)
More generally, the interim CFO will very often manage the teams, draw up the budgets and financing plan, manage the cash flow, and draw up and guarantee the annual accounts, in accordance with local or international tax legislation.
Thus, the interim CFO always has one objective in mind for the client company: to improve its P&L and its overall efficiency.
Why use an Interim CFO at MOMEN?
Our interim financial managers provide you with concrete solutions. They analyse the existing situation, draw up an action plan and then implement it under the supervision of the general management.
In the context of the COVID 19 health crisis, your results and models may be under pressure. In this case, you can call on MOMEN to implement new solutions to manage a crisis or for example :
- Develop a stronger performance culture
- Improve the management control process
- Implement new cash management practices
- Review management policies (e.g. interest rate risk management)
- Strengthen the company's liquidity (renegotiations)