5 Minuten Lesezeit 1 September 2016
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Four forces that are changing the role of the CFO

EY Reporting
Von EY Reporting

Insights from external journalists, academics, practitioners and EY professionals

Reporting, EY Global Assurance’s insights hub, provides high-quality content tailored for board members, finance directors and audit committee chairs.

5 Minuten Lesezeit 1 September 2016
Verwandte Themen Wirtschaftsprüfung und prüfungsnahe Dienstleistungen Financial Accounting Advisory Services EY Reporting
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Im Jahr 2010 führte EY eine erste Studie zum Thema Die DNA des CFO durch. Das Ergebnis: Die Rolle des Finanzchefs war komplexer geworden und umfasste nicht mehr nur die traditionelle Finanzfunktion, sondern zunehmend auch strategische und marktbezogene Aufgaben.

Eine Folgestudie aus dem Jahr 2016 bestätigt die Entwicklung und zeigt sogar einen beschleunigten Wandel der CFO-Funktion. Sie identifiziert vier neue Trends, die die Anforderungen verändern. Deutlich wird, dass Finanzchefs ihre Rolle neu definieren müssen, um gemeinsam mit dem CEO neue Strategien für Innovation und nachhaltiges Wachstum zu entwickeln. Für die Untersuchung wurden mehr als 750 Finanzchefs weltweit befragt.

Caught in the eye of a perfect digital storm

For CFOs, digital disruption can feel like being caught between the promise of rain and the threat of drought. On the one hand, digitization offers the opportunity for new business models and revenue streams. On the other, it makes the organization vulnerable to competition from new players and agile incumbents, and creates exposure to new risk.

To fulfill their agenda of growing and protecting the organization, finance leaders need to understand and embrace a digital business model. They also must play a key role in building the organization’s readiness and confidence to act and react with urgency.

Data: the disruption that will transform finance

Data and analytics are changing the way CFOs think about business problems, opening their eyes to new opportunities, and challenging accepted and entrenched organizational beliefs. However, many organizations are struggling to turn the promise of data analytics into the reality of improved performance. This presents an important opportunity for CFOs to step in and transform their organizations by turning the promise of data analytics into measurable performance gains.

Decision-making in volatile times

Today, organizations and their finance leaders are challenged by a rapidly changing risk landscape shaped by disruptions that include market volatility, hyper-connectivity, geopolitical crises, regulatory reforms and cyber threats.

To fulfill their agenda of growing and protecting the organization, finance leaders need to understand and embrace a digital business model.

Finding enough certainty to be able to make decisions in this volatile risk landscape is a major challenge for CFOs, and they are taking an increasing role in risk management. In the future, CFOs anticipate that role will be even bigger, particularly in large organizations.

The CFO as a public person 

CFOs are managing an increasingly complex stakeholder universe. Stakeholders’ demands are often in conflict, and CFOs have to juggle the requirements of regulators with the demands of investors and other stakeholders. The high expectations of stakeholders and the increasing scrutiny of regulators are not likely to fade in the future. CFOs will need to practice ways to respond to conflicting demands more effectively.

Mastering the future

The report concludes that the impact of these disruptions is seen in the increasingly diverse backgrounds, profiles and job descriptions of finance leaders worldwide.

CFOs, like all leaders, must proactively shape the role they play in response to these major disruptions, and manage the impact on traditional finance tasks in the way they build and develop their team. To assist with this, the study provides a personal development plan. It provides a framework to help CFOs evaluate their own competencies, strategic considerations and major external forces impacting their organization and their role. By proactively managing these factors, CFOs will be able to secure their influence into the future.

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Fazit

Key points from EY’s most recent The DNA of the CFO survey, which identifies four forces that are increasing the pressure on finance leaders and changing the way they shape their roles.

Über diesen Artikel

EY Reporting
Von EY Reporting

Insights from external journalists, academics, practitioners and EY professionals

Reporting, EY Global Assurance’s insights hub, provides high-quality content tailored for board members, finance directors and audit committee chairs.

Verwandte Themen Wirtschaftsprüfung und prüfungsnahe Dienstleistungen Financial Accounting Advisory Services EY Reporting
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