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This 2025, CFOs in Asia face unprecedented challenges in navigating a landscape shaped by rapid technological advancements, evolving consumer behaviours, and heightened regulatory demands. The finance function must adapt to digital disruption, integrating automation and real-time dataanalysis to enhance decision-making processes.
The Importance of Self-Awareness in Leadership Development As a CFO, your role extends beyond managing finances; you are a key leader within your organisation. Leadership isn’t just about guiding your team or making strategic decisions; it’s also about understanding yourself. What is Self-Awareness?
While at Sovrn Holdings, Erik Rothschild uncovered a hidden data source during a disruptive tech shift and partnered with engineering to build an internal analytics tool. NOW WATCH CFO Erik Rothschild of Cin7 shares how an investors mindset, forged during the 2008 financial crisis, continues to guide his leadership approach.
About The Charity CFO We are an accounting partner that truly understands nonprofits. The post Nonprofit Branding: How to Share Your Mission appeared first on The Charity CFO. We know the missions that drive you, the obstacles that challenge you, and the dedication your job demands. Get the free guide!
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.
Dataanalysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
Members’ Profile: Ntombi Melamu In this edition of our CFO Spotlight series, we are featuring Ntombi Melamu, the Managing Director and Founder of FinAscend, a firm she established in 2019 to support small and medium-sized businesses with tailored financial solutions. What advice would you give to someone aspiring to be a 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.
Steer toward an architecture strategy that creates a single data repository that can be used for one-off problem solving and lets you add new AI analysis and assistance as they emerge. The post The CFO’s Guide to AI and Machine Learning first appeared on CFOLeadership.
The post Use AI and Insurance Insights to Make Better Decisions first appeared on CFOLeadership. The post Use AI and Insurance Insights to Make Better Decisions appeared first on CFOLeadership. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.
Driving digital transformation Often responsible for the company’s core ERP system, Ho says CFOs are increasingly taking an interest in technology itself and helping to lead the company through the evolving technology landscape to a better future. There is a clear distinction between dataanalysis for analysis sake (e.g.
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.
He told me that he thought that I was already ‘doing the work’ and that I should have a conversation with board—so I did,” explains Lester, who would be named CFO of Keap in early 2020. Asking the right questions is key to effective leadership. Lester: Versapay is the leader in collaborative accounts receivable.
"The increasing use of new technology has been the post-pandemic trend with organisations maximising the power of technology to expedite their recovery, identify new ways to enhance efficiency and identify new strategies through dataanalysis."
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 dataanalysis and forecasting.
Familiar with dataanalysis and armed with powerful tools, FP&A teams start to play more visible roles in the organizations providing their leaders with actionable insights and recommendations on the best ways to achieve company’s objectives, thus, having the direct impact on their company’s results and success.
The post Preparing Your Finance Organization for the New Era of AI first appeared on CFOLeadership. The post Preparing Your Finance Organization for the New Era of AI appeared first on CFOLeadership. Learn more about how we can help you achieve your business goals today.
Dataanalysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
This was a huge leap for me as far as understanding the business through dataanalysis and other aspects went,” observes Yaakobovitz, who—after 7 years with SanDisk—next sought to slow things down for a year or two as her young family grew by joining an M&A consultancy promising more manageable hours. 48:06] Working with mentors.
They also discussed best practices in governance for private equity-owned companies and the role of the CFO. CFO coordinates communications between owners, CEO, operating management. CFO should be active advisor to CEO, voice of reason, help make decisions based on fact vs. emotional attachment to certain parts of the business.
FutureCFO spoke to Robert E Parker , CFO for IBM Asia Pacific, for his perspective on how finance teams can and should take interest in the potential of AI, and arguably that waiting for the technology may not be in the best interests of the function and the company. Given what we understand of Generative AI, is it a reliable tool today?
The “branches” off each decision alternative that result use dataanalysis 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.
The Workplan Analysis Process. Workplan analysis is led by a senior CFO or CHRO professional with deep experience in applying the tool and a full understanding of the concerns, questions, and decisions that need to be weighed. experience, expertise, education, and training) may be affecting outputs.
In a perfect world, we would like an EPM system that manages organization-wide planning, reporting and analysis. Traditionally, organizations used to look at those processes as part of their “Office of the CFO” activities. Collection of organization-wide financial and non-financial data. Analysis and calculation of major KPIs.
1 Gartner, “ Benchmarks on CFO Actions in Response to COVID-19: Week of 12 April 2020 ” 2 Robert Half, “ Benchmarking Accounting & Finance Functions: 2019, 2019 ” Centage Corporation’s Planning Maestro is a cloud-native planning & analytics platform that delivers year-round financial intelligence.
Delivering products even Accenture's The Cloud First CFO Study – 2022 edition reveals that in a survey of 740 finance leaders across 15 industries and 11 countries, 39% say the CFO now leads the cloud journey for the whole enterprise.
South African CFOs spent twelve days in Italy attending the annual CFO Alliance Summit, learning from international peers, and bouncing ideas off each other. The summit consisted of CFOs from Africa, Europe and Asia. “There is a different kind of leadership that is required.” Written by Staff writer.
Complete dataanalysis (DA). Leadership Skills & Collaboration with C-Suite Professionals: Due to the emergence of their increasing leadership responsibilities, FCs today often leverage their position to analyze and generate their own strategic insights in collaboration with the CFO, rather than simply serving up information.
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.
Sereen Teoh , CFO at BIG Loyalty. The program works by enabling staff to elect what type of mentor they are looking for — for instance a manager or CFO — who meets with them at minimum once a quarter. I’m honoured to be working at Microsoft Hong Kong where the CEO, CFO and COO are all female, which is very rare in the tech industry.
According to PwC’s 27th Annual Global CEO Survey, a question CFOs should urgently be putting to their chief executives is the query on the amount of human and financial capital the company reallocate from year to year.
To capitalize on these strategic choices, PE firms need to invest in a strong CFO office, personnel hires, processes and systems, and consider partnering with a transaction advisor to build a platform for successful roll-up strategies. Our proven, on-demand leaders have worked as CFOs, CEOs, COOs and CIOs across a range of industries.
Professionals with more , specialized skills or extensive experience, such as dataanalysis or forecasting, tend to command higher salaries. FP&A professionals hold a crucial role in shaping a company's overall business strategy by delivering financial analysis and insights to management.
He added that this expands the scope of the CFOs’ remit, but it also means CFOs need to expand their data sources. "I I think what’s important is to find out what data is out there to augment your dataanalysis," Kesuma added. Moody’s, he noted, is well known for its counterparty credit risk analysis.
At a recent roundtable, one CFO commented she can’t recall a period in recent years where her team had done so many “what if” analysis than in 2020. Another CFO pointed out that COVID-19 has elevated stress testing to a whole new level. FutureCFO’s discussions with finance leaders in Asia identified similar conditions.
Maybe it’s dataanalysis. Many middle managers are feeling torn right now between performance demands from leadership and calls for compassion from their employees. These probably aren’t the activities you’re the best at (yet) — they’re the ones that challenge you, frustrate you, and attract you all at once. Maybe it’s writing.
“As the amount of data increased exponentially as we go through digital transformation, it was impossible to understand and analyse the data in an effective manner that takes into account all key business drivers without injecting subjective human judgements,” he recalled. It is all about turning hindsight into foresight.”.
Corporate leaders need to be committed to nurturing and empowering the right people to collect relevant data from different parts of business operations. Not only will they have the right expertise, but they can also provide valuable feedback on the results obtained from the dataanalysis.
In this Planning Aces episode, host Jack Sweeney and guest host Ben Murray discuss the collaborative organizational effort behind generating business intelligence (BI) and the different places BI resources may reside within a business, with reference to an episode featuring Gary Zyla, CFO of AssetMark. This is Gary Xyla, CFO of asset mark.
So, we’ve been focusing on delivering these using our own data lakes and tools,” said Lee. He noted the main aim is to help his company’s CFO to “have control of across the entire CapitaLand’s books.”. Intraco’s Yeo added that having data in real-time matters in the current market. Digitizing Treasury allows this.
To discuss the topic of financial reporting tips that will help create a smoother year-end close, Planful, in cooperation with CFO.com, invited thought leaders from The Hackett Group to participate in a webinar titled, The CFO Playbook on Financial Reporting: Tips for a Smoother Year-End Close. Responding to regulatory changes.
As a seasoned finance leader in telecommunications, retail, technology, and legal sectors, Glenn envisions transforming the role of Chief Financial Officer (CFO) from being a historical reporter to a strategic forward-thinker. Additionally, there may be pushback from leadership, which is understandable given the current uncertainties.
With cloud-based financial data and nearly unlimited processing power, multiple and complex scenarios can be generated instantly. For many CFOs, the thought of outsourcing dataanalysis to AI is a nonstarter. 1 – Move your data to the cloud. 5 Ways AI Hastens Your Transition Away From Legacy Systems.
Particularly as the accounting profession becomes more technology-supported with repetitive functions automated, skills such as dataanalysis, collaborative research, and advanced analytics are increasing in importance.
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