CFO Focus: The strategic exec in a rapidly changing world

Leveraging tech and building better processes are the top undertakings of finance officers able to reach their goals.

CFOs may not always be the most publicly visible executives compared with CEOs and other senior leaders, but in a rapidly changing world full of new challenges and risks, finance executives can be the stewards who guide companies toward growth, according to a study of more than 500 chief financial officers and senior finance executives conducted by The Economist Intelligence Unit, commissioned by Coupa Software.

In particular, leveraging technology and implementing better processes tend to be the top strategies for CFOs who say they’re most able to meet their goals, so more CFOs need to analyze how they can make these changes to better execute their strategies, find the authors of The Strategic CFO in a Rapidly Changing World.

The key findings of this report include:

1. Strategic CFOs break down silos to gain visibility across departments.

To overcome industry and economic challenges, CFOs need to work closely with other departments and break down information silos.

 

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