Operational efficiency relies on a few important factors—proper tooling, adequate training and a strong working relationship between team members. The importance of collaboration extends to every level of the organization, all the way up to the C-suite.
A CFO oversees a company's financials and cash flow planning. CFOs ultimately decide the amount spent on every facet of the business, including digital technology. Ultimately, these decisions are aimed at improving business processes and delivering value to the end user, but if CFOs only see the initial investment without understanding how it will help the business, they’ll be less likely to approve the necessary funds.
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