During the initial phase of global capability center establishment, the primary objective of financial functions was to ensure operational efficiency and organizational continuity.
These processes involved meeting reporting deadlines, managing audits, and fulfilling compliance requirements. However, such an approach is inadequate for navigating the multifaceted requirements of the modern business environment.
Today, Global Capability Centers are strengthening finance, analytics, technology, procurement, and risk functions across enterprises. With the scope of these centers expanding, the role of the CFO has expanded with it. The modern CFO of a GCC has to shoulder responsibilities like creating control frameworks, overseeing transfer pricing structures, and addressing diverse regulatory and tax compliance frameworks.
