We've all seen the stereotypes: Finance leaders, and in particular, CFOs are the numbers people of our organizations. But as all modern CFOs know, the role of the top finance leader is changing, going far beyond just "the numbers". On the "earning a seat at the strategic table" video episode 4 of CFO Weekly, we get to hear from Steven Nutt about the ever-evolving role of the CFO.
What role exactly should the CFO play, and does the CFO play, in top organizations today? Quite a few, actually: Strategic Planner The CFO and the finance team ought to be the first ones in the strategic planning discussions.
Talking about constraints and allocation of capital before any product development decisions are ever made.
Data Leader & Innovator A CFO doesn’t have to be an expert in data (that’s why IT professionals are so crucial,) but they need to be champions of data.
They ought to have the best relationships with the data stewards. Change Driver Change is going to happen and with it, failure. Are you learning from it? Are you fixing it? Are you committed to not failing that way again? The CFO should ask these questions and lead in managing change.
Right-hand to the CEO As the right-hand to the CEO, the CFO can influence executive leaders to become more data-driven, make better decisions, and ultimately, grow the business. Learn more about our finance solution.
