Published 09. Nov. 2016
[Report] CFO the Strategist
In this new Management Events Report: CFO the Strategist, we surveyed 548 finance executives across Europe and Southeast Asia to explore their perspectives, priorities, initiatives, new competencies.
The report revealed that finance executives think that today’s CFOs are a far cry from the invisible overseer of the company’s finances. As they see the markets from financial lenses — they’re able to assess the viability of new business models and deploy quickly or as needed — they’re the ideal business strategist and partner for the CEO.
Key Report Takeaways
- Role shift – From silent enabler to proactive frontline strategist, the CFO with his financial expertise is now expected to provide the CEO with real-time insights in aid of decision-making.
- Process automation – For efficiency and quick response to market change, most organizations have process automation on top of their priorities.
- New capability requirements – Today, aside from crunching numbers, finance professionals are expected to be involved in corporate strategy direction steering, as well as in identifying new business opportunities.
- New technologies – It’s a must for modern CFOs to have a firm grasp of the business benefits of new technologies. They’re tasked to identify which of these technologies have value-adding potentials and which can actually be capitalized on.