6 Ways the CFO helps in Capability Building
Ramanujam Narayan
CEO, CFO at Contetra| Helping CFOs to Save Time & Costs with ERP Implementations & Re-implementations, Process Optimizations| Enabling FIN leaders with IndAS/IFRS /GAAP Advisory, Batch Training & Contractual Resourcing
Did you know, according to various studies and reports:
82% of CFOs acknowledged the need to lead by example and promote a culture of innovation and continuous improvement within their organizations.
87% of CFOs consider collaboration with external partners critical for developing a scalable and agile finance ecosystem.
72% of CFOs are now actively involved in strategic decision-making beyond financial matters, highlighting the shift towards a more strategic role for finance leaders.
Finance leaders who actively engage in capability building and talent development are 3.5 times more likely to outperform their competitors in revenue growth.
These statistics emphasize the significance of embracing the changing role of the CFO and leveraging technology and strategic partnerships to create a finance function that goes beyond traditional tracking and reporting, setting the stage for future success and growth.
Want to know more about how your CFO can be your strategic partner in capability building for the finance team? Read the blog here-
General Manager of Operations | Operations, New Business Development, Key Account Management
1 年“The CFO of the Future” report, with data from global surveys and virtual roundtable discussions, shows that the CFO role is continuing to evolve with additional responsibilities and that the global pandemic has brought these changes on faster than expected.? # The CFO will become predominantly focused on stakeholder and investor management rather than safeguarding and reporting.? # The CFO will have a leading responsibility for business strategy formulation, validation, and execution.?? # The focus of the role is shifting from principally historic-based cost control to growth optimization.? # The role will encompass the measurement of all aspects of the strategic objectives of the organizations.?? # The CFO will provide the greatest value to the organization through forward insight rather than retrospective reporting.? # CFOs will increasingly have the CEO role as the next progression in their career development.?