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How Top CFOs Balance Financial Spend Controls and Growth

Published by Brex

The document "How Top CFOs Balance Financial Spend Controls and Growth" discusses the challenge CFOs face in balancing the need for financial controls with the imperative for business growth. Effective financial controls are essential to mitigate risks and prevent overspending, but overly rigid controls can hinder a company’s growth. Growth-oriented CFOs (referred to as "Grow CFOs") focus on using strategic spend management as a lever for long-term success, leveraging tools like automation and real-time data visibility. In contrast, those who impose restrictive controls without flexibility (termed "No CFOs") can inadvertently slow down business growth. The key is to implement customizable budgets, powerful spend controls, and efficient financial processes to support both financial integrity and business expansion.

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