The relationship between the CEO and CFO is crucial to drive a business forward. It is important that they’re both on the same level. A clear understanding of the priorities of the CEO is therefore beneficial to the CFO in order to make the best out of this relationship. Especially in the following areas the CFO can make a significant contribution in the decision-making proces.
- When talking about growth the CFO needs to calculate how it can harmonize growth with profitability.
- By analyzing useful data CFO’s can also measure what the magnitude is when taking risks.
- Flexible financial systems are needed when managing regulatory changes.
- New technologies are making their way in and the finance department can not be left behind!
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