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CFOs role

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The role of CFOs has evolved from managing financial activities to a critical driver of growth, digitisation, and overall business innovation. As business strategies and customer requirements changed based on the ongoing market conditions, the need for businesses to transform has invariably created new responsibilities for CFOs. Although the shift had been in motion for quite some time, it accelerated only after the pandemic. Today, CFOs are experiencing intense pressure triggered by the pandemic and…

Understanding the significance of digital transformation by CFOs is the key in the radical reshaping of companies. Today’s CFOs are under the scanner due to constant pressure being raised on the need to decide funding requests to prioritise how much to invest in digital transformation efforts. According to a report by IDC, between 2018 and 2021, companies worldwide will have collectively spent nearly $6 trillion on digital transformation initiatives. The numbers are staggering and indicate…