The Greatest Challenge facing CFOs, Changing Nature of CFOs Role

“Somehow I can’t believe that there are any heights that can’t be scaled by a man who knows the secrets of making dreams come true. This special secret – curiosity, confidence, courage, and constancy, and the greatest of all is confidence. When you believe in a thing, believe in it all the way, implicitly and unquestionable.” – Walt Disney.

The CFO of today is no longer reflects on historical data. The role of today’s CFO is rapidly changing, they must be strategic in thier thinking, solution driven and leverage best practices to be a true business leader.  The CFO in the future will be a true business partner and will compliment the CEO.

While the economic value of decisions made is very large, yet  the CFO’s greatest challenge is:

  1. Visibility: into key operational drivers.
  2. Forecasting: Ability to easily construct economic forecasts with “what if” scenarios and
  3. Bridging Organizational Silos: Readily extract meaningful information about business performance from their organizations silos, i.e., disparate financial, operational and transactional systems.
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