Lateral collaboration across the C-Suite<\/strong><\/h3>\nToday\u2019s CFO is between a rock and a hard place: stuck between what they know and trust, and the inevitable automation of the future. As CFOs and their finance teams are challenged to keep pace with increasing demand from their businesses, CIOs can step in to lend a helping hand and guide CFOs as needed. Particularly where other teams in the businesses are future-proofing their systems, working in tandem with the CIO can streamline processes and ensure that systems are being used to their maximum capability, avoiding unnecessary duplication across departments.<\/p>\n
Through collaboration, CFOs and CIOs (and the rest of the C-Suite for that matter) can find the best solutions for their company, whether addressing internal or external stakeholders. And through automation technologies like Robotic Process Automation (RPA), machine learning, and artificial intelligence, CFOs can ensure their teams are able to properly collect, manage, and report financial information.\u00a0<\/p>\n
The addition of \u201ctechy\u201d to the CFO\u2019s job description is no longer a \u201cnice to have\u201d but is now essential. As cloud-computing continues to provide the bulk of number crunching and processing, it too holds the potential to empower finance teams to spend more time analysing data-led insights and the implications on wider strategic business opportunities.\u00a0Having leadership that understands how these technologies work, and the value they hold is critical to a business\u2019 success.<\/p>\n
Beyond their department, what\u2019s clear is that, regardless of industry, C-Suite executives have their own share of challenges to contend with. A changing workforce, digital economy, business models, and the explosion of access to data \u2013 all while cutting costs and being more heavily scrutinised by regulators than ever before \u2013 means modernisation and digital innovation\u00a0are more important now than ever before.<\/p>\n
That\u2019s where CIOs come in. They can step in to lead and train the C-Suite, and, in particular, CFOs\u00a0to be more than financial leaders.<\/p>\n
It\u2019s no longer enough to work within siloes, but rather now the expectation is that CFOs must also be technological leaders, pushing for solutions that enable accuracy, efficiency, and transparency. And through integrating automated solutions like connected reporting, CFOs are not only streamlining workflows, but also encouraging the rest of the organisation to integrate forward-thinking technology to outpace competitors and improve ROI.\u00a0<\/p>\n<\/p><\/div>\n
\u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The increase in automation to previously analogue financial systems has never been timelier, and CFOs are taking note. <\/strong><\/p>\n","protected":false},"author":2,"featured_media":5785,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/posts\/3849"}],"collection":[{"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/comments?post=3849"}],"version-history":[{"count":0,"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/posts\/3849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/media\/5785"}],"wp:attachment":[{"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/media?parent=3849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/categories?post=3849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sloane.co.uk\/wp-json\/wp\/v2\/tags?post=3849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}