Finance Executives: The New Overseers of Innovation
To help their companies thrive in a fiercely competitive economy, finance executives need to do more than just support innovation. They must model it. How they can successfully do so—and why it’s a necessity—is the focus of a new study conducted by CFO Research, in collaboration with CPA firm Cherry Bekaert. The survey, based on data from 161 finance executives at middle-market companies (defined as having revenues of up to $1 billion), details the finance function’s changing role in the innovation process: what’s fueling its growth, how the focus on innovation is rapidly reshaping their companies and which skills finance. Read More.
How Finance Executives Earned Supporting Roles in Innovation
It’s now part of the CFO’s responsibilities to monitor and assess the state of the company’s innovation efforts, making sure that it can access the resources it needs, whether in-house or through a strategic partnership. In an atmosphere that requires a creative mindset throughout the business, CFOs need to help scrutinize ideas, looking for the most valuable and potentially profitable nuggets. The CFO’s rapidly emerging role in corporate innovation is revealed in a new survey conducted by CFO Research, in collaboration with CPA firm Cherry Bekaert. The study, based on data from 161 finance executives at middle-market companies (defined as. Read More.
Survey of Finance Executives: Innovation, too, Takes a Village
On their way to earning the label of “disruptive,” breakthrough innovations may look like they lack the potential to earn big profits. But what’s critical, say finance executives at middle-market companies, is to start with, and follow, customer needs. Such insights are among the revelations contained in a recent survey conducted by CFO Research, in collaboration with CPA firm Cherry Bekaert. The study, which is based on data from 161 finance executives at companies with revenues of up to $1 billion, found that even with the ascendancy of Big Data, half of respondents believe that developing new products and services. Read More.
Finance Executives Calculate the Value of Innovation
Nowadays when finance executives at middle-market companies talk about the necessity of the business moving “beyond traditional boundaries” and “being bold,” they aren’t referring to expanding its geographical reach. In fact, those comments are part of a new survey exploring how middle-market finance leaders view innovation. Conducted by CFO Research, in collaboration with CPA firm Cherry Bekaert, the online survey collected data from 161 finance executives at companies with revenues of up to $1 billion. In both their written comments as well as their answers to fixed-choice questions, the finance leaders not only affirmed the necessity of ongoing innovation, but. Read More.
Chris Rux Discusses Cherry Bekaert’s Innovation Fund
In an August 31 article for Tampa Bay Business Journal, Cherry Bekaert’s Chris Rux helped promote the launch of Cherry Bekaert’s Innovation Fund . The article, “Tampa Accounting Firm Pays Up for Outside-the-Box Ideas,” highlights how the fund is designed to generate ideas and provide solutions for the benefit of the Firm’s clients. The concept behind the Innovation Fund originated from the leadership group of Cherry Bekaert’s THInc practice, for which Rux serves as the leader for central Florida. The goal of Cherry Bekaert’s Innovation fund is to encourage associates to present ideas that are original and outside the box. In the article, he is quoted as saying, “We as. Read More.
Will Middle-Market Private Equity Activity Continue to Decline?
PitchBook’s latest report reveals a continuing slowdown in private equity (“PE”) activity among the country’s middle market. According to the 2Q 2016 U.S. PE Middle Market Report, the total deal value of private equity middle-market investments during the first half of 2016 ($180 billion) dropped 8.5 percent, compared to the second half of 2015. Compared to the same period last year, the total volume declined 14 percent. Overall middle-market private equity activity, however, is declining at a slower rate than the broader private equity marketplace. The report also highlighted the lower middle market’s significant activity decline in second quarter 2016.. Read More.