In 2022 Victor committed himself to “watching film” to hone his leadership skills. In late February he shared some of his learning in 10 Reflections of a Leader. In this CFO Talk, Victor describes each reflection in more detail.
I have been lucky to be involved in many pricing exercises during my time in finance, and I believe that finance should play a more active role in pricing. I have found in general companies need to spend more time on pricing.
The acceleration of the monthly Financial Close is one of the most common frustrations from Controllers and CFOs. When fewer days are devoted to the Financial Close, key reports can be distributed sooner and more days can be focused on analysis and planning.
The historical view of the Chief Financial Officer (CFO) as a fastidious bean counter detached from the nuances of operational divisions is as far removed from the reality of modern corporate finance as paper ledgers and mechanical calculators.
Finance transformation involves the expansion of the finance department into a strategic, forward- looking organization that becomes the central figure in an organization’s strategic initiatives by integrating new technology (APIs, databases, and data science) to provide greater management insights. CFOs maintain their role as a key member of the strategic leadership team. Finance becomes faster, more efficient with precision accuracy. By defining the transformation ahead, you can give senior leaders and your entire team a peek into the future.
