In this blog series, we will analyze the top five emerging trends facing CFO’s in 2022 and beyond. We will review how CFOs are dealing with operational challenges, digital transformation opportunities and more after the Covid-19 pandemic.
Since the onset of the COVID-19, CFO’s and their respective financial teams have been forced to digitally transform themselves at unprecedented rates, whether they’re prepared or not. Behind this imposed digital transformation lies new opportunities for corporate leadership and financial teams who oversee day-to-day business operations.
What exactly does this massive digital overhaul mean long-term and how can today’s CFO’s better leverage AI and Natural Language Generation (NLG) technologies?
Today we will explore the first of five emerging trends for leading enterprise CFOs.
Harnessing real-time data key to drive an effective strategy
COVID-19 has highlighted that as companies attempt to forecast budgets, timelines, and strategize to the best of their ability using data, unforeseeable elements will always cause disruption. By transitioning to a more agile rolling forecast approach, companies can utilize real-time updates and readjust to any circumstances that may arise.
As the sheer volume of data increases year over year, CFOs have taken on a new role as data gatekeepers. Data enables finance departments to generate detailed analysis, help decision-making, and above all speed up the decision-making process. A new role of the CFO is now to harness this information, frame it, process it, and present it to make it fully usable.
This is the first part of our ongoing blog series, “The Top Trends for CFO’s in a Post-Pandemic World.” Stay tuned for the next installment soon.