The Chief Financial Officer (CFO) is a strategic leader behind the financial management pillar of a company. Tasks usually includes tracking cashflow and financial planning, as well as analysing companies’ financial strengths and weaknesses and proposing strategic solutions. We are all too familiar with the digital surge that the Covid-19 pandemic had on businesses and how it accelerated the move to digital infrastructures and digital transformation. CFOs, now more than ever, need to up their digital acumen!
Being up to date with the latest digital trends with regards to what the implications are for business finance functions, is imperative. The CFO needs to know how to use technology, such as integration and automation, to innovate business processes for improved efficiency on organisational digital transformation.
This is not an easy task for any entrepreneur and business owner that needs to juggle the CEO, CIO and CFO position all at once! It appears that most entrepreneurs and business owners are not in the financial position (yet) to hire all these required skillsets on a fulltime basis. Experience and skillsets are expensive and for most companies, a digital CFO is out of the question. But it need not be!
What about eliminating the tedious and repetitive finance and accounting tasks and technology that takes up your time and rather invest in tools that enables you to save on expensive resources. Your accounting function should instead be driven by cloud environments, machine learning and artificial intelligence.
Rather free up time and focus on your business by outsourcing your financial management function to an innovative digital and entrepreneurial team. Think about it as your own digital CFO.
Let’s look at how you can bank on outsourcing your financial management function:
What entrepreneurs and business owners need is a financial management function that drives efficiency and growth in a tech world! A function/process which is constantly on the lookout to improve system design and evaluate end-to-end financial procedures continuously.
Think more agile, more mobile, more automated, and less costly.