James Solomons

CFOs must have a vision for the future – CFO Series

Performing the role of CFO in a startup is very different to that of the CFO in large enterprise. CFO in a hyper growth startup is different again ! Alexandra Cain has written a great piece capturing the themes from my interview of Graham Burdis, CFO at v2food.

CFOs must have a vision for the future

This article was first published on the CFO Magazine website here

v2Food has followed an incredible trajectory since it was founded only two years ago. Since then, the business has raised $130 million from investors and become the top plant-based meat company in Australia.

Chief Financial Officer Graham Burdis has been at the helm throughout that time, positioning the business to become a billion-dollar entity in the future.

Mental Health for CFOs – CFO Magazine

A year ago today, I was interviewed by Nina Hendy on the impact of the ‘just surging’ pandemic on a CFO’s mental health. It was an unprecedented time and it required so much time and effort to effectively navigate un-chartered waters and be prepared for a long forecasted fallout from what was effectively a global economic shutdown.

As a business in the hiring space everything had to be reviewed. All costs, all revenues, all staff. Failure of a public company is not an option. It was the most stressful period of my 20 years as an accountant. As we come out of the other side of the pandemic the way we do business has changed forever.

The topics covered back then are just as relevant right now. If there are any CFOs, Finance leaders or business leaders suffering, please reach out to me or contact BeyondBlue on 1300 224 636 24 hours a day, seven days a week.

Mental Health Falls Under CFO Remit

Becoming a Cyber-Resilient CFO – CFO Series

Is cyber security just for the IT guys to worry about or is it just as important for CFOs and their teams. Alexandra Cain captured my views and the views of a leading CFO and leading CISO from Microsoft on this important topic. The chat uncovered a new term which I love, called “The Human Firewall” and at the end are some great tips for CFOs

Becoming a Cyber-Resilient CFO

This article was first published on the CFO Magazine website here

Cyber security is top priority for Chief Financial Officers, given new research indicates the rate of ransomware attacks around the world in 2021 has grown by 102 per cent compared to the same time last year.

In the words of James Solomons, global CFO of Xref and host, in the age of rapid digital transformation, cybercrime is one of the biggest threats facing CFOs and finance teams, with the potential to cripple a firm financially and reputationally.

CFOs Play a Critical Role in Navigating Payroll Compliance – CFO Series

Payroll. Get it wrong and not only will you have some very unhappy employees you will also face the wrath of the regulators. Wage theft, whether deliberate or accidental, is just unacceptable in today’s modern workplace. Alexandra Cain wrote this piece summarising my chat with two of Australia’s leaders in the payroll compliance space

CFOs Play a Critical Role in Navigating Payroll Compliance

This article was first published on the CFO Magazine website here

A number of major Australian businesses have been in the news for all the wrong reasons because they have underpaid staff, often to the tune of millions of dollars going back years. But it’s all too easy for companies to make payroll mistakes, given how complex employment laws and the payroll system is – even if it has been simplified.

CFO Magazine Australia’s most recent webinar, The CFO’s Role in Navigating Payroll, was an opportunity to hear from the experts about how CFOs can approach compliance when it comes to payroll.

Whatever Floats Your Boat: CFOs Open Up About The IPO Process – CFO Magazine

Joining Xref just after it went public in 2016, I was faced with the task of taking the reigns of the finance office. Things were in place but with $4m in the bank the business was going global and growing fast. Nina Hendy interviewed me on my experience in this post IPO phase !

Whatever Floats Your Boat: CFOs Open Up About The IPO Process

4 Undeniable Benefits of Working With a Small Business Accountant From Day One (Guest Post)

Guest Author: Gwen Payne, Invisible Moms

As a small business owner and entrepreneur, you know that in order to save money and maximize profits, you need to handle a lot of the day-to-day business operations on your own. However, and though this may be difficult for you to hear, there are some tasks that are best left to the professionals. One such task is accounting.

1. Start Your Business Off On the Right Foot

How a Remote Workforce Can Build Your Business (Guest Post)

Guest Author – Tina Martin – ideasinspired.com

Hiring remote workers for your business gives you a number of advantages. In addition to saving on the overhead associated with on-site staffers, since you aren’t limited by geography, you can hire the best of the best from anywhere in the country – or even the world! Finding the right staffers is one of the most important elements of business start-up, as is finding communities of like-minded entrepreneurs to collaborate with. Here are some tips on how to get started courtesy of Tina Martin.

What Kind Of Team Do You Need?