The traditional role of CFO was to provide financial oversight and management by looking backwards to report a company’s, reliable, timely, historical financial information.
Today’s CFO role is re-envisioned looking forward, identifying problems and opportunities swiftly and bringing long-term value to an organization.
The future role of CFO is “someone who offers the kind of multifaceted high-end skills that organizations can use to achieve their strategic financial goals and drive innovation”
Table of Contents
In the past, the Chief operating officer would manage the day to day operations of the company and CFO typically handled all the financial aspects, but rarely did the two align.
While the profile of the modern CFO has evolved in the past decade to establish a bridge between operations and finance by,
CEOs understand that the overall risk to the company will be diminished if the CFO has some direct involvement as technology and global opportunities expand. This means that it’s no longer just about the numbers for the chief of finance.
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