CFO of the Year

Growing expectations from CFOs directly refer to the growing need of a powerful Finance team in every organization. To deal with the challenges of changing reality, CFOs need to make every effort to not only recruit the best talent and build the required capacities needed for the Finance function of the future. CFOs need to create an environment in which all the team members feel safe to learn, are encouraged to develop and inspired to bring value to the company and for themselves.

Planning and budgeting can help a business predict profitability, forecast income and expenditures, formulate plans and strategies, provide a model for performance and reach financial success. An improved planning and budgeting process leads to a better company and demonstrates financial leadership.

Financial control may be construed as the analysis of a company's actual results, approached from different perspectives at different times, compared to its objectives and business plans. These analyses require control and adjustment processes to ensure that business plans are being followed and that they can be amended in the event of anomalies, irregularities or unforeseen changes.

Corporate reporting underpins companies’ reputations and builds market confidence in the actions of company leaders. Reporting plays a central role in rebuilding trust in companies by providing clear insight into organizations’ financial and nonfinancial performance.

The CFO role in small and medium enterprises (SMEs) and startups could be a real challenge. SME management needs a fact-based financial perspective to support their decision making. Yet the finance function in such companies often struggles in providing strategic insight and analytics to top management. CFOs are often over-burdened by routine tasks and daily problem-solving, struggling with limited resources.

Sustainable development has been a key theme for business for years, but it is currently becoming almost mandatory due to its incorporation into various regulations. To manage sustainably means to think long-term and with consideration for the environment and the people around you. The topic often enters the agenda of companies through the financial directors, who directly see the benefits and advantages of sustainability in the organization's processes. We are creating this new category not just to follow the current modern trend, but to distinguish managers who truly manage to use ESG requirements to support the success of their company.