Top Five Reasons Remote Working CFOs Reveal An Exciting Trend

Remote Working Reveal An Exciting Trend

It is often said that within every challenge lies an opportunity. Perhaps only the truly fortunate are consistently able to learn to look for chances to improve current conditions while others around them panic. In some ways that ability seems nearly a super-power, and history often fondly remembers those talented in finding advantages in the mire. It has never been more important than right now to seek and capture those opportunities to survive and thrive. Fortunately, the right managed IT consultant can help your firm recognize and exploit any opportunities related to technology.

Expertise in IT is one reason some can see exciting potentials behind the trend of CFOs embracing remote working.

Five Reasons To Embrace Remote Working CFO’s Post Coronavirus Isolation

Shifting Conditions Can Mean Potential Shifts In Market Dominance

As the major software platforms supporting industries shift to support life after COVID-19, companies that embraced the changes early may have a larger market share. At the same time, any company hesitant to adapt may find themselves falling through the rankings.

For example, many companies were already researching or adapting to a cloud-based architecture. But now, companies that made the shift early will find that their CFO is able to continue analyzing financial data and provide projections from home.

Great Sign Of The Technology For Remote Relationships

Using video conferencing for many years meant jumpy, blurry video, and constant interruptions. While email and phone conversations made communication possible, there was no substitute for in-person teamwork. That meant greater expenses on travel and wasted time en route.

With more CFOs feeling comfortable working remotely, the indication is that mobile technology has reached a point where they can still feel integrated. That speaks volumes for how far the technology has evolved and begs the question about future possibilities.

Huge Changes In Traditional Overhead Costs Could Create New Possibilities

According to the Small Business Chronicle, out of control overhead costs are one of the fastest ways to end up with a net loss. Depending on the industry, certain licenses, facility maintenance, insurance, and other fixed costs can be a large part of the overall cost budget. Increases in CFOs working remotely could signal smaller offices in the future. That could potentially mean companies will save money by reducing fixed costs related to supporting staff.

Shifts In Approaches To Recruitment

People accept jobs with great companies, but they relocate to great communities. How can your company located in a midsized midwestern or southern town compete with enterprises in picturesque locations? With more CFOs working remotely, your company may be better positioned to find great financial minds willing to lend strategic expertise without moving to your small town. All you need now is the technical advice to create a secure, powerful connection to integrate remote professionals into your team.

Countless Unknown Opportunities

If you are keeping score, increases in CFOs working remotely indicates many potential shifts in the industrial landscape. Companies that embrace the potential opportunities created by the reaction to COVID-19 may find themselves in a new position. With fixed cost savings in one hand, and the realities of remote staff and new technologies in the other, who knows what CFOs can accomplish. That is why it is so important to find a technology partner that can help you rediscover your potential advantages.

Find Your Position Today

Atlantic-IT.net is the technology engine you need to power your ascent through the ranks of your industry. Contact us today to find out how we can help you best position your company for the post-COVID-19 world.