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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

With the CFO being one of the key architects of an organisation’s digital transformation, Gartner says the CFO needs a finance function that drives the strategic ambitions of the enterprise. “To Industry benchmarks : Benchmarking data from similar organisations can help provide context for the metrics being measured.

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Elevating tomorrow’s finance leaders today

Future CFO

What makes for a sought-after chief finance professional (CFO)? According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. CFO: The role of CFO is very senior; hence a high level of experience is expected for anyone applying for this role.

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CFO directive: resetting the table stakes of business transformation

Future CFO

Fabian Padilla Crisol of SAP Hong Kong. For Fabian Padilla Crisol , managing director, SAP Hong Kong & Macau the pandemic has highlighted the critical role that CFOs have in supporting their companies to navigate current business challenges. SAP’s BTaaS strategy. Digital vs business transformation.

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Shared services raise the efficiency of the finance function

Future CFO

The company’s finance teams also wanted to upskill themselves with deep working knowledge in various tools such as BlackLine, Concur, Coupa, Blue Prism (Robotic Process Automation Tool) as well as SAP ECC and EDI. But building a shared services function requires careful consideration from the CFO and finance team leaders.

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Building Blocks of Business Valuation

VCFO

A good place to start is benchmarking yourself against your competition. Is the business so far behind the times that production or service inefficiencies are creeping in and sapping margins and capabilities? Anyone with thoughts of selling their business within five years would be wise to get to work now.