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8 Things Keeping The Controller Up At Night

More responsibility, more problems

9Oct

The role of the Controller is changing. According to a recent IMA survey, 81% of Financial Controllers now report to either the president, owner, or a C-level executive - such as the CFO. More than 30% of the controllers, meanwhile, said that they were now taking on responsibilities that were traditionally carried out by the CFO - as their role is also evolving to make them more of a business partner to the CEO.

We've looked at 8 things that are keeping them up at night. If you're a Controller who can't sleep and don't find that any of these apply to you, you should also monitor your coffee intake, try not to use a screen before you go to bed, and do more exercise during the day. So really, this is a list of 11 things. Sugar doesn't help either, so that's 12 things. You're welcome.

1. Recruiting the right people

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2. Keeping up-to-date with regulations

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3. Reporting deadlines

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4. Shift in the role towards the CFO

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5. New technology

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6. Preparing forecasts and long term financial plans

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7. Overspending

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8. EVEN MORE REGULATIONS

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