Tag "CFO"

CFOs: How to be Strategic and Tactical at the Same Time?

Much has been written over the last several years about the need for CFOs to be more strategic. This clearly has become a trend amongst leading edge CFOs. One area, however, that crosses both the strategic and controller sides of the CFO’s brain is IT application rationalization and consolidation. I am personally seeing more and... more

Making Financial Transformation Reality: Hear from Deloitte and eBay at Informatica World

The need for transformation has reached the tipping point For more and more companies, the need for financial transformation has already reached a tipping point. Innovation Enterprise says a major driver for this is “the pressure on finance departments to become more strategic”. This has caused financial departments to embark “on transformational processes to bring... more

Financial Transformation is Really About Fixing the Business

According to Strategy and Business, the “CFO role is expanding to include being the company’s premier champion of strategic discipline.” It is no wonder that financial transformations are so much in vogue these days. According to The Conference Board, 81% of the companies that it surveyed are involved in a major financial transformation initiative. However,... more

CFO Rising: CFO’s Show They Are Increasingly Business Oriented

The Rising CFO is Increasingly Business Oriented At the CFO Rising West Conference on October 30th and 31st, there were sessions on managing capital expenditures, completing an IPO, and even managing margin and cash flow. However, the keynote presenters did not spend much of time on these topics. Instead, they focused on how CFOs need... more

CFO Move to Chief Profitability Officer

30% or higher of each company’s businesses are unprofitable According to Jonathan Brynes at the MIT Sloan School, “the most important issue facing most managers …is making more money from their existing businesses without costly new initiatives”. In Brynes’ cross industry research, he found that 30% or higher of each company’s businesses are unprofitable. Brynes... more

CFOs Discuss Their Technology Priorities

Recently, I had the opportunity to talk to a number of CFOs about their technology priorities. These discussions represent an opportunity for CIOs to hear what their most critical stakeholder considers important. The CFOs did not hesitate or need to think much about this question. They said three things make their priority list. They are... more