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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)? CFO: The disruption of 2020 highlighted the need for the finance function to be more responsive – continually re-evaluating both short and long-term goals and strategies. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances.

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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.