Tech-savvy CFOs make decisions today that set their company up for whatever the future brings. People talk a lot these days about the speed in which the business landscape changes, and how companies need to be nimble or agile—able to quickly adjust tactics to take advantage of changes in the marketplace, and to stay ahead of the competition.
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In part 1 of this post series, we considered the first two steps in the tech-savvy CFO becoming a catalyst for automation. First, adopt the right mindset. In other words, focus on equipping every individual to make the highest and best use of their time. Second, ask the proper questions. Uncover key data on process redundancy, employee inefficiency, and revenue leakage, which will be critical to correcting root problems.
The world has changed a lot in the past ten years. The rapid development of new technology and the changing landscape of the online world has changed the way we work and, for many, where we do our work from. Though this change has been gradual, a massive shift has taken place.
New data. New metrics. New technologies. New revenue models. From big data and network effects to the subscription economy and cloud computing, modern finance is undergoing its most fundamental transformation ever.
A recent survey of Fortune 1000 CFOs found that the vast majority—81%—felt they worked at companies that viewed their finance operation as a “strategic business partner,” involving the CFO in top-level decision-making as never before.