Even as technological advancements and global trends have swept
away traditional business models and upended organisational
cultures, change has been relatively slow in coming to the Chief
Financial Officer (CFO) function.
Not anymore. The role is quickly evolving and CFOs are
increasingly looking to recast their department as one that readily
adapts to new trends and proactively contributes to a company's
long-term goals, rather than simply ticking boxes and maintaining
books.
CFO = Chief Facilitation Officer
Finance departments have long been regarded in some quarters as
'bean counters' losing sleep over balancing accounts or
'naysayers' perennially hesitant to sanction business
expenses.
