5 vấn đề non-financial quan trọng mà CFO cần tập trung
5 Non-Financial Demands CFOs Are Focusing On
One of the most important growth drivers is the resiliency of operating with constant change and adversity. To adapt and recover quickly, companies need a robust revenue infrastructure to match their revenue goals.
How are CFOs building robust revenue infrastructures and unlocking sustainable growth?
Recent surveys show the CFO role has expanded to include more and more non-financial demands. For CFOs to deliver value, they must build skills in other areas of the business, play a more active leadership role, and rethink their approach to internal and external opportunities.
What are the top 5 non-financial demands CFOs are focusing on?
1. Strategic leadership:
– Identify opportunities to invest in value creating capabilities
– Shape business growth with prescriptive insights
– Proactive reporting drilling down to customer, product and geographic.
– Partner with other departments to create revenue and profitability.
2. Organizational transformation:
– Replace routine processes with more effective and efficient processes.
– Be open to new ideas and concerns from all levels within the team.
– Create disruption that focuses on for short-term and long-term impact
3. Performance management:
– Collaboration and visibility throughout the organization.
– Update financial performance data as tech and customers change.
– Play active role in recruiting, training, and retaining talent.
4. Capital allocation:
– Develop allocation strategy across projects, departments, and divisions.
– Develop risk analysis to verify capital allocation decision optimization
– Translate company priorities into strategic capital budgeting.
– Consistent governance mechanism to track investments.
5. Data analytics:
– Build solid partnerships with technology and analytics teams.
– Develop effective data model and data governance.
– Integrate management reporting.
– Develop user-friendly executive dashboards.
– Establish real-time financial decision making.
– Integrate financial data storytelling.
In response to new challenges, three key steps CFOs should take to bring value to companies are; Asserting proactive and strategic leadership, Adopt an investor’s mindset—and more innovative practices, and Embracing technology advances.
