Changing role of Chief Financial Officers - a brief note

The notes are based on David Chancellor (2013): On the changing role of Chief Financial Officers (CFOs):

1. "Still expected to maintain responsibility (and accountability) for the financial health of the organization"
2. "Are being expected to play a greater role in other areas of the business, particularly human resources and information (IT)."
3. "Wheras business technolgy was once regarded as operational - rather than strategic - it now provides CFOs with the ability to access critical areas of the business, developing, analyzing and changing key performance indicators (KPIs)that measure the effectiveness of operations."
4. "... chief executive officers expect their CFOs to deliver new business financial models that clearly define the role that digital technology will play."


Reference
Chancellor, D. (2013) "Taking a leading role" Business Executive Issue 129, pp. 19-21, published by the Association of Business Executives, UK.