CFOs need to build effective communication and collaboration with various parties to be successful in their role - including externals.

Working closely with the CEO and other top bosses (the C-suite) is key. Regular chats and open communication are a must.  

Why?  

Well, it helps to keep the financial plans in line with the company's big-picture goals. The CFO acts like a financial advisor to the top team, using data to guide smart decisions. 

The board of directors, especially the audit committee, is another important audience for the CFO. They present financial reports, answer questions, and give the board a clear picture of the company's financial well-being.  

Building trust and credibility with board members is important for CFOs to effectively communicate complex financial matters and gain their support for key initiatives.

CFOs also juggle external relationships. Investors, analysts, and regulators all need attention.  

The CFO makes sure financial reports are on time and accurate, answers questions from these groups, and keeps the company on the right side of the law. Building good connections with them is important for the company's image and attracting new investors. 

Here are some quick-fire tips to help you navigate interactions with multiple parties (external and internal):

1. Tailor your message: Investors want growth plans, the board needs a risk breakdown, and employees crave clarity. So, adapt your message to each audience's priorities.

2. Speak the language: Avoid financial jargon when dealing with non-finance professionals. It’s better to use clear, concise language and powerful visuals to make your point. 

3. Be a storyteller: Don't just present numbers. Weave data into a compelling narrative that showcases the company's financial health and future potential. 

4. Embrace transparency: Open and honest communication builds trust. Be upfront about challenges and proactive in addressing concerns.

5. Actively listen: don't just talk: Listen carefully to understand others' perspectives and tailor your responses accordingly.