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"3 Ways the CFO Role is Evolving"

Smart CFOs know this and are involving themselves more strategically in decisions that secure stable growth

The CFO has always driven business growth. As the pace of change in business intensifies, though, the ability to the make financial decisions at the right time has become increasingly important.

Smart CFOs know this and are involving themselves more strategically in decisions that secure stable growth. This includes:

• 71% of CFOs now expect digital transformation to fall under their responsibility, with 61% saying they also expect to be involved in strategy
• 62% of CFOs expect to see greater collaboration with IT and marketing, while 55% expected more collaboration with legal and compliance
• 51% will increase spending on recruitment and development as a way to invest in people and skills 

Today’s CFO has a revolving door of responsibilities including focusing on strategic programmes that add value and making short-term decisions about spending. For a deeper look at how they plan to juggle their duties, check out what CFOs themselves had to say about balancing risk with reward in 2023.

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