By Mattwew Kibby
The CFO has a critical part to play in today’s enterprise as the person who interprets the numbers to provide incisive insights that guide profitability and revenue.
With the backdrop of a fast-changing regulatory landscape, evolving technology, and volatile operating conditions, the CFO should expand this role to encompass helping the whole organization to make better use of data to inform strategic and operational decision-making.
The CFO is one of the natural leaders for a big data strategy, given that the financial leader will typically already have put analytics tools in place to gain visibility into financial metrics. The finance function also has a good line of sight of key performance indicators across sales, the supply chain, procurement, and so forth.
The challenge, increasingly, is not about accessing data that reflects the organization’s key operational and financial metrics but finding ways to surface the data that will be most useful in driving business performance. By tapping into the right data, CFOs can help their organizations to rapidly respond to changing market conditions, identify new trends, and drive growth in revenues and profits…Read more>>
