The role of the CFO is no longer about financial management. This may be a surprising claim to make but let me tell you why.
This shift is part of a business movement in which technology drives much of today’s innovation and transformation. As a result, CFOs are increasingly called upon to steer technology strategies and vendor selection as organizational change agents, extending their influence past finance-specific tasks such as payroll and cost accounting.
Other considerations include the friendliness of the user experience, compatibility with existing mobile devices, and ease of rollout across the entire business and into new regions. More importantly, finance leaders ask questions to help ensure risk management, compliance, forecasting, budgeting, and cybersecurity are adequately addressed when data is exchanged with other critical systems for manufacturing, sales, operations, engineering, and HR.