“CFO will need greater transparency across all areas of the organization beyond just finance.”
The role of the CFO continues to evolve in today’s dynamic, ever-changing business environment. CFOs are increasingly being called upon by their CEOs to play a more significant role in driving strategy, growth, and operational excellence in their organizations.
CFOs will be challenged with increasingly complicated questions to help them plan, such as:
- How are customer demands evolving and what new channels or capabilities are needed to meet these demands?
- Should the company acquire, merge, or divest and how is that done successfully?
- What is the best talent strategy for entering a new market?
To make these decisions, CFOs will need greater transparency across all areas of the organization beyond just the finance function—with insight into operations, customers, talent, and financials. They will need the ability to act quickly on decisions and make changes easily to avoid missing opportunities and losing out to the competition. CFOs will also need to collaborate closely with CHROs on growth strategies, to ensure that the right talent is in the right place at the right time.
Check out this article which highlights four business priorities that are greatly impacting the focus of CFOs. Download your guide here.
You May Also Like to Read-