The role of the finance leader is undergoing a fundamental shift. Traditionally tasked with keeping an eye on financial records, overseeing past business performance, and ensuring that tactical, repetitive practices like the financial close are completed satisfactorily, the CFO is now becoming a strategic business partner. Increasingly, finance leaders are the CEO’s go-to for strategic intelligence about the future.
Digital tools are essential to the CFO’s success in this new, forward-looking role. The right data can provide insight on operational issues like streamlining costs and improving processes – but it can also shed light on evolving customer expectations, the competitive landscape, and unpredictable market upsets. For CFO's in the financial services industry, this level of knowledge is invaluable.
But major challenges remain. Data silos, inconsistency and lack of standards are yet to be overcome; the integration of finance data with internal operational, HR or client data is a major stumbling block.
Join Tech Monitor, in partnership with Sage, to hear strategies for finance and technology leaders as they continue to drive data-led transformation within their businesses. We will explore the changing role of the finance leader, and what is still needed for CFO's and their counterparts to meet business needs both today and in the future.
