One of the major changes that the business world has experienced in the last few years has been in the evolution of the CFO’s role. While the Chief Financial Officer was earlier, merely supporting the CEO, now the person drives the major business decisions. A study conducted by management consulting giant McKinsey delivered some key insights regarding the finance function as of now. One interesting trend emerging is how now there are several cross- functional roles. Soft skills have also now become important for finance professionals, earlier associated purely with the juggling of numbers. Technology has helped evolve the role of the CFO even more. Now, most accurate real- time business intelligence is available on the performance of various brands. Automation, data visualization, robotics and analytics form key part of the technology suite.

Source:https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-evolution-of-the-cfo

Uploaded Date:29 July 2019