Top CFOs Say This Is Their Biggest Pain Point in 2024
In most enterprises, the CFOs’ responsibilities extend far beyond finance. They play a proactive role in decision-making. Their position allows them to understand the enterprise-wide implications of different choices. Despite their strategic role, CFOs also face many pain points in their work. These include overcoming cost pressures and finding a solution to the skill shortage. […]
The Biggest Pain Points Experienced by CFOs in 2024
The CFO has evolved from being a back-office operator to assuming a proactive leadership role in the enterprise. All department budgets go through finance. This places the CFO in a pivotal position to make enterprise-level decisions. As digitisation set in, the enterprise began to look to the CFO for enterprise-level guidance. The CFO soon assumed […]
Why Top CFOs are Focusing on People and Learning
CFOs manage budgeting, forecasting, cash flows, ROI calculations, and other financial control tasks. But most of these spreadsheet and number-crunching tasks now run on autopilot, thanks to AI. In this changed scenario, CFOs move beyond finance to add value. To remain relevant, they focus more on strategic interventions. Central to such strategic interventions is a […]
How CFOs Can Close the AI Trust Gap
Artificial Intelligence (AI) is the next game-changer for businesses. But the success of AI-centric digital transformation initiatives depends on improving trust around AI. Enterprises use AI to improve efficiency, drive innovation, and unlock competitive advantage. The latest GenAI solutions automate several tasks and enable many new possibilities. But amidst the excitement, a significant trust gap […]
5 Strategies CFOs Can Implement to Navigate Inflation
Inflation has become too big for any enterprise to ignore. Enterprises face a double whammy. They struggle with rising input costs that erode their margins. But their customers also battle inflation and may choose to cut down on the product or service instead of paying more. Here are five strategies CFOs can put in place […]
How CFOs Move Beyond Finance to Add Value to Their Enterprises
The CFO always took care of books and records, financial reporting, and statutory compliance. But digitisation has, by and large automated these functions. Any concerned stakeholder can get the latest financial reports at the click of a button. Compliance also takes place on auto-pilot. In such a state of affairs, how can CFOs justify their […]
Four Ways CIOs Can Minimise Costs to Recession-Proof Their Business
A recession is around the corner. Almost eight out of ten CEOs expect a recession within the next 12 to 18 months in their region of operations. A recent Deloitte survey reveals nearly 50% of CFOs expect the US economy to be in recession in 2022. Almost four out of ten CFOs also believe the […]
Six Strategies CFOs Definitely Need to Follow to Build Business Resilience in 2022
Doing business has become tough. Businesses face multiple challenges. The COVID-19 pandemic has disrupted time-tested business models and wreaked havoc with supply chains. Compounding matters, fast-paced tech advances, and fickle customer sentiments drastically reduce product life cycles. Shortages of critical resources, be it talent or semiconductors, cripple most industries. Most businesses, especially small and medium […]
Four Cost Optimisation Mistakes for CFOs to Avoid in 2022
Cost-cutting has become inevitable for many businesses in today’s challenging business environment. CFOs, who optimize costs and make sure expenditure does not outpace revenue, give their enterprises an edge. But many CFOs make mistakes that compromise the ability of their enterprises to fund digital growth and reduce expenses. Here are four cost-optimisation mistakes CFOs should […]
