The Qualities of a Successful Interim CFO

What are the qualities of a successful interim CFO? Substantial change and transition implementation experience and the personal attributes to make it happen are essential. Without strong interpersonal and communication skills, gravitas and team leadership capabilities, interim CFO’s are unlikely to succeed, however strong their technical background might be. The demonstration of these qualities is paramount, especially when an interim is parachuted into a crisis situation requiring a fast turnaround.

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Negotiating Bank Covenants for Current and Long-Term Operating and Financial Goals

Commercial bank lending is the most common source of business financing and is also usually the least expensive form of capital. Across industries, the recent financial crisis has decreased access to bank financing making this form of historically available financing more difficult for companies. Lending standards have also become stricter, and the declining value of real estate has reduced available collateral. Access isn’t the only thing that’s changed. Tighter oversight of banks has brought a renewed emphasis on bank loan covenants, which can put constraints on a company’s growth, increase the overall cost of debt, and raise business risks.

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