COVID-19 has catalysed the single biggest shift in the role of financial decision-making in the past decade. It accelerated digital transformation and amplified the associated challenges for senior financial decision-makers – especially challenges around governance, remote working, and cyber security.
managing a remote workforce and expanding security and compliance mandates.
But it’s not only CFOs that are playing a bigger role in digital strategy. The entire C-Suite is getting involved. Our research found that, in 75% of businesses, it’s the CEO who drives the overall strategy, with vital input, insight, and direction from the CFO and CIO. This suggests that digital transformation is no longer the sole responsibility of the CIO and is central to business strategy.
As the gatekeepers of data, CFOs are increasingly looking to emerging technology to decrease risk, enable real-time decision-making, and help them to build a finance function that can withstand future challenges.
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