{"id":8851,"date":"2014-02-13T11:36:23","date_gmt":"2014-02-13T11:36:23","guid":{"rendered":"https:\/\/sg.syspro.com\/blog\/the-changing-role-of-the-cfo\/"},"modified":"2021-03-04T14:47:22","modified_gmt":"2021-03-04T14:47:22","slug":"the-changing-role-of-the-cfo","status":"publish","type":"post","link":"https:\/\/sg.syspro.com\/blog\/applying-and-operating-erp\/the-changing-role-of-the-cfo\/","title":{"rendered":"The Changing Role of the CFO"},"content":{"rendered":"

In a recent article by Paul Taylor in the Financial Times, he discusses the changing dynamics of the C-suite<\/a>. He looks at the strong trend towards collaboration among roles as opposed to the multiple silos that we have seen in the past. Taylor talks to how CIOs, who have in the past focused primarily on IT, now need to be well-versed across a myriad of business responsibilities. In turn, the CEO and CFO need to understand IT and its role in the company.<\/p>\n

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Let\u2019s look a little further into the role of the top financial executive within an organization\u2026<\/p>\n

When most of us think of accounting, we tend to view it as a bean counting role restricted to numbers \u2013 all about accounts and reports. In reality, though, accounting today is a management support function, as Chief Financial Officers\u2019 responsibilities extend to include: governance, corporate social responsibility, risk and environmental management and information systems such as SYSPRO<\/a>.<\/p>\n

There\u2019s no doubt that the role of the CFO or top financial executive and the additional areas of accountability have changed more drastically in the years since the market crash, than in the preceding century. Strategic management has become critical, and top priorities span:<\/p>\n