What does it take for Chief Financial Officers to excel today? With the global economy struggling to regain its footing, finance chiefs face very different challenges from the ones they confronted just a few years ago. Conventionally, the CFO provides leadership, manages risk, ensures regulatory compliance and seeks to maximize profit. Macroeconomic volatility, marked by recession and currency crises, has expanded the role into areas well beyond financial risk management and planning.
In addition to safeguarding the fiduciary well-being of the organization, the CFO now commonly serves the CEO in a greater advisory capacity, participates in strategic planning and takes greater control of procurement duties. These changes call for a flexible, transparent finance model that makes it easier to respond to stakeholders, minimize risk, capitalize on growth opportunities and achieve tangible results quickly and with a greater degree of certainty. CFOs can only excel if they have a deep understanding of what drives their companies’ performance and make the right investments in people, systems and new operating structures in order to adapt to new challenges.
PwC provides deep real-world industry and functional experience as well as peer group benchmarking of financial metrics to help you simplify the identification of performance gaps, capitalize on the power of data-driven decision making and move quickly towards a more efficient, cost-effective way to do business. We offer solutions and tools to help CFOs succeed in an evolving role.
Finance transformation: A Lean approach to increase value
reduced work effort for balance sheet process achieved at one client.
Learn how a Lean approach can improve your finance function.