EVOLVING ROLE OF A CFO


Taking a fresh look at the latest technologies CFOs can use to transform their finance function and add more value to the business, all while balancing performance, efficiency, and risk.

Contents

Chapter 01

FOREWORD

Chapter 02

EVOLVING ROLE OF A CFO

Chapter 03

TECH BUZZ

Chapter 04

THE RPA/AI CONTINUUM

Chapter 05

QUESTIONS
Chapter 02

EVOLVING ROLE OF A CFO


? from ?keeper of books? to a ?financial advisor?

The role of the CFO is rapidly changing. A chief financial officer can no longer rely on crunching numbers while focusing solely on a company’s balance sheet. With that task handled by automated technology, finance executives will instead lead strategy by using the data to drive more profound prescriptive insights. Technology will play an increasingly significant role in executing many traditional finance tasks while at the same time generating greater insight. Meanwhile, finance executives will spend a more significant proportion of their time working with colleagues across the organization to make decisions in support of the strategy. Workflow of CFO ?The Last ten years of IT have been about changing the way people work. The next ten years of IT will be about transforming your business.?

Aaron Levie†| CEO of Box

Strategy takes center stage :

  • To succeed, CFOs must demonstrate the ability to turn data into information, and information into insights ? but it doesn’t stop there.
  • They need to be able to understand and present the information in ways that help a business make smarter & faster decisions while tapping into trends that are most relevant to the organization and industry.

It’s no easy feat, but it is possible with technology. 1 How AI, Cloud, and Robots Will Revolutionize SMB Accounting, forbes.com, March 13, 2017 2 CEOs to CFOs: We Need More From You, cfo.com, January 8, 2016 3 With AI, CFOs Are Poised To Evolve Their Role Within Organizations, forbes.com, March 26, 2018

Recommendations

7 Successful Debt Collection Techniques to Reduce Bad Debts

Credit Card Processing Fees: A Comprehensive Step-by-Step Calculation Guide

Allowance for Doubtful Accounts: How to Calculate It and Record Journal Entries

There's no time like the present

Get a Demo of Integrated Receivables Platform for Your Business

Request a Demo
Request a demo

HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.