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Mar 24, 2023 · The CFO is now responsible for more than just financial reporting and risk management - they are critical in driving business growth and profitability. But how did this role evolve? In this blog post, we’ll take a closer look at the history of the CFO position, from its origins to the present day.
CFOs began shedding their bunker mentality as CEOs looked to the role for overarching leadership in a topsy-turvy environment with a host of geo-political and social issues affecting the bottom line. Today’s CFO operates more like a macroeconomist who also contends with micro issues.
- Embrace the CFO’s new mandate. The role of the CFO has become one of the most complex and demanding in the C-suite. From financial expertise to strategic decision-making to risk and stakeholder management, successful CFOs should possess a diverse skill set to help guide companies through ever more complex business landscapes and financial and regulatory environments.
- Unlock the ROI of reinvention. Top-performing CFOs recognize the need for a self-funding budget to help drive enterprise transformation. These CFOs don’t hesitate to make strategic investments — introducing new revenue streams, entering new markets and integrating new technologies like GenAI — in their business models.
- Take action on climate. Growing environmental, social and governance (ESG) reporting requirements have created a sense of climate urgency among executives, including finance leaders.
- Modernize the finance function. As the role of the CFO expands, so does the influence of the finance function. With data volumes exploding, finance leaders are becoming data stewards.
Apr 21, 2023 · CFOs are key to driving strategies in their companies. I recently had three separate conversations with the CFOs of Citigroup, Nanotronics, and Marriott International. I asked them about how the...
Jan 16, 2024 · Welcome to our latest research into the changing role of the CFO, which presents our findings from interviews with over 70 CFOs and 15 stakeholders based in the UK, many from leading global businesses across various sectors and industries, on what makes a CFO effective.
Jan 26, 2018 · To support the plan’s development, the CFO assesses the quality of proposed initiatives and their contribution to value creation. In addition, the CFO designs the governance for the transformation, aiming to provide insight into the development and maturity of projects and promote accountability.
Apr 16, 2022 · With the increased adoption of digital technologies, disruptions caused by the COVID-19 pandemic, and a wave of geopolitical and economic uncertainties, CFOs are increasingly taking on a pivotal role in their organizations’ strategic agendas. Explore these insights to understand how CFOs should balance their traditional responsibilities with ...
