CFOs should get more involved in new business models: report

Extra CFOs will keep actively concerned within the firm’s digitisation initiatives.

Chief monetary officers ought to get extra concerned in new enterprise fashions to assist redefine their enterprise worth providing and upskill themselves digitally to drive transformative change within the new atmosphere, in accordance with a report by ACCA and KPMG.

The report "Finance of the Future: Being a Resilient Digital CFO" discovered that extra CFOs can be extra actively concerned in both straight main digitisation initiatives (33%) or partnering with chief info officers (60%) within the subsequent 5 years. It is a large surge from 13% of CFOs who stated they're at the moment actively concerned with CIOs to assist gasoline digitalisation throughout the firm.

In line with Juvanus Tjandra, accomplice at KPMG Singapore, corporations are within the midst of a enterprise transformation to remain aggressive. He famous that obligations historically held by chief expertise officers at the moment are anticipated of CFOs, corresponding to getting extra concerned in digital transformation by figuring out strategic progress alternatives by optimising the worth of future knowledge.

“Finance leaders, a majority of 83%, seek to strengthen analytic capabilities, and leverage digital finance tools to improve planning and forecasting accuracy,” Tjandra added.