As we enter our fourth year of running this poll, the gap between the pillars continues to widen. For the fourth consecutive year, we surveyed the global finance community to uncover whether there have been shifts in the importance of each Pillar of CFO Success. The results tell a compelling story.
Many financial teams spend countless hours getting the past right, when they could make a much more significant contribution getting the future right.
Timely financial statements are the key to creating powerful forecasting tools that build a transparent map for the future. On the other hand, laggard financial statements cloud the future and deny us a clear map to get there.
In today’s AI (Artificial Intelligence) landscape, IT, data, finance and business leaders rely on data more than ever to make strategic decisions and drive business performance. While deriving insights from LLM (Large Language Model) based tools like ChatGPT (by OpenAI), Gemini (by Google), and Copilot (by GitHub) have become much easier, effective communication of the insights derived to propel action remains a challenge for most leaders. Communicating insights goes beyond simply presenting data or KPIs or insights. It encompasses collecting the right data, selecting appropriate models, deriving insights, targeted messaging, creating trust and cultural awareness, engaging with the right stakeholders, creating impactful visuals, and more. The process of deriving and communicating insights in today’s AI centric world is as shown below.
The rapid advancement of digital technologies is reshaping the business landscape and redefining the roles of corporate leaders. Among those most profoundly affected is the Chief Financial Officer (CFO). No longer merely a financial steward, the modern CFO is increasingly called upon to be a strategic partner, a digital champion, and a catalyst for organizational transformation.
