CFOs of the Future
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By Aimee Mhaolcraoibhe
Roles of the future are changing and that of the CFO is no exception. In addition to the ability to read
and understand analytics and how to employ effective people management skills, a bigger emphasis
will be placed on monitoring and implementing disruptive technology when it occurs.
With the high level of technological progress that is happening across every industry, any company
that did not consider those changes could not hope to compete. As such, analytical grasp has
become central to the role of a CFO in determining when to partner with other businesses and when
to change internal operating processes. The ability to take analytical results to both read and
implement will be important.
Effective people management skills
The contemporary employment market is changing to include more contractors and at home
workers. This mix of in house and outsourced employees is something that future CFOs will have to
consider carefully in order to find the correct balance for their business.
Monitoring and implementing disruptive technology
Technology can create situations where traditional means become obsolete or uncompetitive and a
base understanding of disruptive technologies as well as ongoing research into the field will be a
necessary role in future CFOs. Not only being able to identify, but the ability to use the technology
will also be important. Data management in particular has been noted as an area that will change for
future CFO’s and integrative data management will be a necessity for any large corporation or even
small business to stay competitive.
Excellent analytical skills
The future role of a CFO will still have company finances at the core but the way in which the
information is derived will create a new type of CFO that has both financial and technological skills.
Excellent analysis skills will be required for CFO’s to understand the non-financial aspects of the
company such as the value of their intellectual property or their intangible assets.
With all of the new focus in the role of a future CFO it is interesting to note that the professionals
still suggest the most important skills any CFO could have, now or in the future, is a broad range of
finance based knowledge. Gaining related qualifications is a foundation move for any person that
envisions themselves in the role of a CFO. Above all, gaining a healthy balance of traditional skills
and technological as well as analytical skills is key.
http://uk.businessinsider.com/skills-cfos- need-to- succeed-in- the-future- 2015-9?r=US&IR=T
http://www.ey.com/GL/en/Issues/Managing-finance/EY- finance-forte- the-future- of-finance-
leadership-nine- steps-for- cfos-to- prepare-for- the-future