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Top 10 CFO Priorities for 2024

The Finance Weekly

Despite these challenges, CFOs must collaborate with their management teams to formulate practical solutions. In this article, we highlight the Top 10 Priorities for CFOs in 2024 1. Revamp Finance Operations As the , CFO's responsibilities grow, the finance function's impact also expands.

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Best Practice Tips to Impress in the Role of CFO

Centage

Once upon a time the role of CFO was focused on backward-looking data. Along with tracking cash flow and providing timely information, the best CFOs are strategizers, analyzing a company’s strengths and weaknesses from a financial perspective and helping direct decision making.

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Why Financial Forecasting Is More Important Than Your Annual Budget

Centage

But times have changed – which is why financial forecasting is more important than your annual budget. They’re focused less on benchmarking current performance to the predicted budget and instead want to leverage real-time data to understand what the future looks like. What’s the Financial Forecast Look Like? Watch Demo.

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When to Use a ‘Decision Tree’ for Business Planning

CFO Selections

The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. Basically, it is a visual version of an “if this then that” statement across all possible alternatives.

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Unpacking the value of digital transformation in finance

Future CFO

Using machine learning and artificial intelligence (AI) for forecasting and predictive analysis is the next frontier for companies, where efficiency gains from RPA can help create more time for higher-value work such as AI-enabled data analysis and forecasting.

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What it takes to be a leader with competence and capabilities

Future CFO

“I think we need to recognise that the CFO role can mean a lot of different things in different businesses. It really depends on the type of business, their strategy and the type of skills they want the CFO to lead on.” Dan Wells, CFO at GrowCFO Charisma. Persuasive. These are qualities we often equate with leaders of the past.

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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

Scenario analysis may also leverage AI to model various scenarios to better understand potential consequences of different decisions and market changes. Generative AI a subset of AI that uses learning patterns and structures from existing data to generate original content, including text and images. over at least the next decade.