CFO role pivots to encompass strategic transformation
The quarterly CFO report, a barometer of UK corporates’ sentiment and strategies, demonstrates how the role of the CFO has evolved over the past two decades, from dealing almost exclusively with internal financial reporting to playing a leading role in determining business transformation. With these added pressures, many are looking to reduce costs and increase operational efficiency through strategic planning and process optimisation. Ian Pollard, Senior Vice President EMEA at Signavio, said “Along with reducing risk and costs, leveraging data to construct a real time picture will help CFOs to innovate more readily and drive business growth. The ever-changing finance function should definitely be viewed as an opportunity rather than a threat. By utilising available Business Process improvement technologies, CFOs can work with their wider team to transform operations, remain compliant and optimise productivity”.