Finance Students Welcome yourCFO's Fabio Scognamiglio and Fabio Cantoro
On March 16, 2017 Professor Silvia Pulino welcomed two representatives of yourCFO to lecture her FIN 301 class. Fabio Scognamiglio, CEO, and Fabio Cantoro, a JCU alumnus (class of 2016), explained to the students how yourCFO works.
YourCFO is a team of professionals that aims to assist corporations throughout the decision-making process. It provides a temporary CFO to a company and performs activities such as cash management, cost accounting, financial communication, and risk management.
The success of yourCFO has brought the company to apply their business model beyond the finance sector and has established a holding called yourGROUP that contains yourCFO, yourHR, yourDIGITAL, and the yourCEO (which is still a work in progress). The company has also grown on an international level and is now present in Switzerland, France, and London.
Scognamiglio presented to the class a project yourCFO has been working on since 2016 with GN Research, a company that focuses on analytics, data mining, and e-business solutions. At the beginning of their collaboration, yourCFO had four projects to accomplish within a year: management control, pricing, processes, and reporting. In 2017, they have renovated their partnership stepping in as temporary CFO to implement said projects and to increase the financial know-how of the company.
Cantoro then illustrated the tools used by yourCFO to ensure their client’s profitability. The presentation focused on the importance of overhead allocation in determining pricing and ensuring profitability. Cantoro also acted as living proof of how financial theory can transform into a professional path.