Tomorrow's CFO: Evolution of the Role
10 February 2020
The role of the Chief Financial Officer (“CFO“) has changed substantially over the last decade and there is a sense of renewed value emerging for the finance function.
So how did the role of the CFO ascend from that of an accountant to becoming the CEO’s business partner, most trusted adviser and multi-discipline strategist? Prior to the early noughties, the CFO performed a traditional finance role, responsible mainly for reporting the numbers, measuring performance with integrity and accuracy, and managing a firm’s checks-and-balances process. But as we now move into the 2020s, the role of the CFO is no longer about performing the once-traditional finance role.
Continue reading for more detail on the risk and compliance implications, adopting a new mindset, the skills now required of a CFO and the impacts of technology, challenges, key stakeholders and more.
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