How has the CFO's job changed over time?

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bitheerani319
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Joined: Mon Dec 23, 2024 3:33 am

How has the CFO's job changed over time?

Post by bitheerani319 »

As we know, the CFO is the one behind the company's main financial decisions. However, over the years, this professional has been exposed to different challenges, mainly because there are major changes in the way the market has been viewing the job.

Therefore, there are some challenges that need to be addressed if the CFO germany phone number list to perform his/her job competently. Let's take a closer look below.

Globalization and transparency
Initially, globalization is accompanied by technology (we will talk more about this in the second topic), being two issues that must be analyzed carefully.

First, since a new way of dealing with employees will be required, it is necessary to invest in new leadership. CFOs need to know how to combine the advantages of technology without forgetting the importance of the human factor in the work.

In relation to transparency, especially in Brazil, with the recent political situation involving corporate corruption, there is greater attention to ensuring that transparency in financial processes is one of the business values.

Technology
As highlighted in the previous topic, the big challenge is that it will be necessary to find a balance with the emergence of all these technological processes. After all, as a result, many professions will have to adapt and others will even disappear. Whatever the future holds, it cannot be denied that change is already taking place, including with the arrival of the 4th industrial revolution.

Hence the importance of finding harmony between the human factor and automated processes. In addition, of course, it is important to note how investing in technology at first will affect the profitability of the business.
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