The role of today’s CFO is quickly changing and expanding. In fact, a recent survey shows that more than 50 percent of global CEOs report the CFO position will gain more importance than any other over the next three years.
Once simply “keepers of numbers,” the new CFO is now being asked to help fuel strategy, growth, and operational excellence—while decisively navigating the twists and turns of a rapidly-evolving business landscape.
The new CFO will also need to be thoroughly engaged in the heart of the organization; providing business insights and initiating innovation and change with partners across the enterprise.
Given these new responsibilities, the impact to the CFO and their finance organizations will be significant. CFOs will be forced to re-evaluate how they work and the technology they use. To keep pace with internal demands and the competition, CFOs will need to evolve their finance systems so they can deliver the next-generation capabilities and tools required for success.
And this is exactly why many of today’s most forward-thinking CFOs are recognizing that a move to cloud-based finance systems is no longer optional, it’s essential. To support the desired growth, change, and innovation, a move to the cloud is a must.
Visit workday.com to gain specific insights on how the role of today’s CFO will continue to mature and change, and learn how “going cloud” can help.
On The CFO’s Road Ahead web page, you’ll have the opportunity to:
- Read the article “The CFO’s Road Ahead—Get Ready to Drive Growth.”
- Check out the SlideShare Redefining Finance for the Modern Enterprise.
- Watch the video Why Workday Financial Management?
- Download the report “Gartner Predicts 2016: Financial Management Applications.”
- Keep up to date with the latest information on The CFO’s Road Ahead blog.