In today’s rapidly changing business environment, the role of CFOs and other finance leaders continues to evolve along with the companies they lead. In addition to serving as core finance experts, they also now often embody the role of a strategy and operations leader, evaluating whether an enterprise resource planning system needs an update, helping businesses scale, and aiding with the implementation of new procurement platforms.
Best-in-class leaders now take a proactive (rather than reactive) approach toward risk management, taking advantage of data and analytics innovations and guiding digital transformation, efficiency, and outsourcing initiatives. They’re working on tech initiatives to streamline operations and improve profitability and must align their financial decisions more closely with business strategy as the operating environment becomes increasingly competitive.
