#InterimCFO Posts

The Toptal Finance Blog is a hub for in-depth studies and analysis on all facets of finance, ranging from innovative strategies on raising capital to detailed coverage of new finance trends and technologies.
Scott Hoover
Good-Bye, Overdue Receivables

Overdue receivables are one of the most common and serious frustrations entrepreneurs face. The hidden costs can be staggering, from lost time dealing with the problem to the cost of hiring dedicated experts, to the serious and long term damage to a business’ reputation with its clients.

In this practical and comprehensive guide, Toptal Finance Expert Scott Hoover shows that overdue receivables are actually easily avoidable. Scott outlines six steps all businesses should take, which will make a material difference to accounts receivable and tackle any issues up-front.

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Scott Hoover
The Street Guide on How to Hire a Part-time CFO

When does it make sense for a business to consider hiring a part-time CFO? Are there situations in which it doesn’t make sense at all? What attributes and criteria should businesses use to filter and select candidates? This article by Toptal Finance Expert Scott Hoover looks at answers to all three questions, and is intended to be a practical guide based on nearly a decade of experience as a freelance CFO for privately held companies.

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Edwin Petersen
Adapting for Success – A Guide to Change Management

With today’s rapid pace of technological progress, organizational change is perhaps more necessary than it ever has been. But change is hard. Countless studies show that more often than not, corporations fail to implement change successfully, losing money, time, and employee morale in the process.

Based on his 20+ years of international finance experience across a range of industries, and over a decade of experience as a CFO, Toptal Finance Expert Edwin Petersen outlines his thoughts on why change management often fails and how to get it right.

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Scott Hoover
Financial Clarity at Last: How to Reboot Your Chart of Accounts Structure in 7 Steps

It is quite common for financial reports to fall short of executives’ expectations. Accounting teams tend to focus on doing things the “right way” rather than asking readers of the financial statements what they want to see.

In this article, Toptal Finance Expert Scott Hoover runs through an often overlooked way of solving this situation: the chart of accounts. A well-structured chart of accounts is often the single best and most effective way to raise the financial reporting of an organization to the next level.

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Kresimir Profaca
The Rules of Motivation: A Story About Correcting Failed Sales Incentive Schemes

Rewards programs and sales incentive schemes are necessary for any business that operates outbound customer acquisition channels. They encourage certain behavior and that, if poorly constructed, can lead to perverse results and conflicting interests. Creating a holistic plan that stimulates positive company-wide behavior is an art that has huge benefits.

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Emilio Labrador
Working Capital Optimization: Practical Tips from a Pro

A decidedly less sexy, albeit critical, part of a CFO’s job description is working capital management and optimization. There are countless examples of companies that are forced to incur unnecessary debt and other financial obligations to meet their short-term financing needs, when in fact ample cash is sitting idly stuck in working capital.

But working capital optimization is hard to get right and often requires significant cross-functional efforts to execute effectively. In this article, Toptal Finance Expert Emilio Labrador draws on 25 years of professional experience across multiple industries to outline some of his main suggestions and approaches on how to tackle working capital management projects.

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Scott Brown
Hiring a Startup CFO - When to Hire a CFO and Why You Need One

For young companies, the value of a full-time CFO is hotly contested. At the debate’s core, is the trade-off between the sheer expense of an experienced CFO at such an early stage (not cheap), and the value said individual posits to confer where growth, strategy, fundraising, and operations are concerned.

Borrowing elements from Maslow’s Hierarchy of Needs and adapting them for this purpose, Toptal Finance Expert Scott Brown introduces a unique framework for how startups might go about thinking through and making this decision.

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