“Great leaders are almost always great simplifiers, who can cut through argument, debate and doubt to offer a solution everybody can understand.”– General Colin Powell
We are living in a period when technology and society are evolving faster than businesses can naturally adapt. The stage is set for a new generation of business models, for leaders that lead to change. The CFO of the digital economy is set to take up that leadership mantra. The catch? The CFO needs to become an Effective CFO the business needs him or her to be.
How? Perhaps by learning from the experiences of other successful like Clem Connor of Western Global, and others who shared their experiences and learnings here.
This white paper examines the most common habits of highly effective CFOs that NetSuite has identified from its history of working with established and growing businesses and delves into the role-defining trends that are shaping the future of the finance function.
It highlights the challenges and path to achieving organisational goals, looking at the fundamental areas in which CFOs must focus to be effective:
- Managing the impact of digital disruption.
- Balancing innovation with operational effectiveness.
- Achieving standardisation across traditional finance functions.
- Promoting an open-book approach to organisational data.
- Making data and analytics a priority for the whole team.
The CFOs mentioned in this white paper acknowledged that new risks and uncertainties come as a result of digital innovation. What sets them apart is their realisation of the opportunities that innovation can bring.
The white paper concludes that the highly effective CFO succeeds not because they embrace innovation, but because they use it to achieve the organisation’s financial and business goals.
Want to be the highly effective CFO you are meant to be?
You may also like to know more about the State of the CFO in today’s hyperconnected and hypercompetitive marketplace where the expectations on the CFO has moved beyond pure finance. Click on the link here.