Fast tracking the route to strategy: how the role of the CFO is evolving
According to a recent industry report by Trintech, finance professionals spend 80% of their time collating data and producing reports and only 20% of their time analysing it. The challenge of data spread across various silos and tools such as spreadsheets is cited as the main reason. No wonder they are often criticised for being too ‘rearward’ looking!
This recent report from Trintech on how the role of the CFO is evolving to focus on strategy and digital transformation is very relevant, especially the points made about automation, AI analysis and the need for a central pool of data, that ‘ Single source of the truth’!!