New technologies and growing expectations are changing the job of CFOs like never before. An article in Forbes put the matter like this: “Perhaps chief technology evangelizer, chief strategic engineer or chief operations partner should share the billing with the finance title. CFOs today are expected to fill all of these roles.”
To be more strategic and a champion of growth, CFOs need to embrace technology in all its forms. Deloitte research indicates seven technologies that “have growing interaction and relevance for how the work of finance gets done:”
“Together, [these technologies] form a toolset finance can use to improve its own performance and serve the business more effectively, especially when they are used together,” according to Deloitte.
Elevating finance to the cloud
In particular, tech-savvy CFOs are looking to the cloud to expedite financial accounting tasks and get the insights they need to grow their business. Cloud-based financial management solutions such as Sage Intacct are essential to progressive CFOs for several reasons:
Kevin Craig, managing director at Concur Canada, summed up the benefits of cloud technology this way: “Ultimately, cloud-based solutions are the key to allowing CFOs to take on the evolving role they are expected to fill. With emerging technologies and increased automation helping to remove much of the mechanical burden placed on a CFO, these business leaders are free to concentrate on adding value in the form of creative innovation and strategic direction to continue moving their business forward.”
Grow your company and your role with Leaf Software Solutions
Technology in and of itself has little value without the right partner. That’s why you can trust the professionals at Leaf Software Solutions to select and implement a business technology solution for your organization—one that helps you meet current needs and provides a platform for growth.
Contact us today and let us know how we can help.
The role of the CFO is changing fast. Customers, the board, your finance team, your stakeholders within the firm, and—most of all—technology is driving this change. Of course, change is rarely easy, even if it’s entirely worthwhile. In this case, technology is both the source of your challenge and the solution you need.
Today, it takes a tech-savvy CFO—someone who understands and embraces the promise and power of technology—to navigate this exciting but sometimes uncertain future. A tech-savvy CFO seeks to modernize and transform the company’s business systems (and IT infrastructure) to boost staff productivity and give the company flexibility for the future. Even if you are in the process of becoming tech savvy, in today’s landscape, an effective CFO must have knowledge of how technology will positively impact your company.
Here are five ways the tech-savvy CFO uses technology to get ahead and stay ahead.
Transform your technology with Leaf Software Solutions
Tech-savvy CFOs know and understand the power of harnessing technology to quickly grow their business. They also know that the details of implementing a transformative solution are best left to the experts. Leaf Software Solutions combines more than 30 years of software application development with the latest technology to create a custom solution that can accelerate your company’s growth.
You can’t afford to be left behind. Contact us today to start your journey to becoming the tech-savvy CFO your company’s future demands.