The role of the office of the CFO and the virtual CFO continues to expand and evolve. It is no longer just about compliance, accounting standards and accuracy. The VUCA (volatile, uncertain, complex, ambiguous) external environment that we face today is unprecedented. The levels of risks and the rate at which they are arising are unprecedented also. This presents the office of the CFO and the virtual CFO an unprecedented opportunity to add value to the businesses they serve.
Providing the business key insights that are actionable is what distinguishes true business partners from providers of information. The transformation of Finance occurs not only when Technology drives business processes and systems but when the people are equipped with new skills and competencies to meet the demands of real time reporting of key operational metrics and forward looking views to enable agile tactical and strategic decision making.
This session will discuss what is required to be a different type of finance professional who is no longer a navigator but a co-pilot who enables the business to stay airborne and reach its targeted destination safely delivering the business objectives. This need has accelerated because of technological advances in the reporting arena, and AI (artificial intelligence) and BI (business intelligence) that is replacing manual intervention; you bring the executive summary of this intelligence to avoid overwhelming and instead effectively communicate with your clients as their virtual CFO.