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In your perspective how the role of of Finance Manager / CFO is changing in present world?

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Question added by Aisha Muhammad , Head of Admin and Finance , Future Communication Company
Date Posted: 2017/08/13
Naeem Aslam
by Naeem Aslam , Group Tax Consultant , Tech Group PJSC

In a present word, technology and fashion is changing rapidly. Current word is trendy now. Finance manager/CFO need to review and develop strategies recurring basis. Previously long term strategies can be developed and they works but now strategies need to have a flexibility for any changings in environement and fashion.

Mahmoud Hotar
by Mahmoud Hotar , Auditor , Ajiad Import & Export (Yarn-Fabrics)

Regulation requirements are increasing and CFOs have an increasingly personal stake in regulatory adherence

The challenges of globalisation are creating a need for finance leaders to develop a finance function that works effectively on the global stage and that embraces diversity

Technology is evolving very quickly, providing the potential for CFOs to reconfigure finance processes and drive business insight through ‘big data’ and analyticsThe nature of the risks that organisations face is changing, requiring more effective risk management approaches and increasingly CFOs have a role to play in ensuring an appropriate corporate ethos

 There will be more pressure on CFOs to transform their finance functions to drive a better service to the business at zero cost impact

Stakeholder management and relationships will become important as increasingly CFOs become the face of the corporate brand

There will be a greater role to play in strategy validation and execution, because the environment is more complex and quick changing, calling on the analytical skills CFOs can bring

Reporting requirements will broaden and continue to be burdensome for CFOs

A brighter spotlight will be shone on talent, capability and behaviours in the top finance role. 

 

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