In a time of sustained, macro-level uncertainty, today’s most relevant CFOs are focused on building the business while delivering truly transformative initiatives. They also have a heightened awareness of emerging technologies and capabilities.
In his recent report “Top Priorities for Today’s Most Relevant CFOs,” author Brian Sommer, CEO at TechVenture, a marketing-strategy and content firm and parent company of Vital Analysis, examines the defining traits of forward-looking CFOs.
Who are these exceptional CFOs? They share the following characteristics, among others discussed in the Workday-sponsored report.
Change Champions and People Leaders
Modern CFOs are transformation experts who use new, advanced technologies to deliver meaningful change. To achieve this, they need the right people with the right skills. After all, CFOs are only as effective as their teams. Great CFOs create work environments where their people want to stay and thrive. These finance leaders nurture professional development, offer mentoring, and develop clear career paths—not just jobs.
Leading CFOs need future-ready teams skilled in advanced technologies. Finance personnel with expertise in these technologies will be in great demand—both by finance teams and by other company functions. CFOs will need skilled team members who can support transformation initiatives not only for finance but for the rest of the organization as well.
Critically, these CFOs don’t burden their highly skilled teams with outmoded enterprise resource planning (ERP) technology. Instead, they use software that provides a fresh, modern, and intuitive employee experience—one that’s both mobile friendly and remote-ready. In short, they’re ready to move beyond the ERP systems of the past.
Much has been written recently on the topic of agility, but much less so on scalability. Agility concerns an organization’s ability to rapidly change its products, services, operations, processes, or people. Scalability involves a business’s ability to grow or contract proportionally—so that revenue continues to outpace cost, even amid organic growth or mergers and acquisitions.