CFOs Drive Business Value: How Strategic Leaders Transform Financial Operations
Vantage Research published a recent study of CFOs indicating leading finance departments are prioritizing the opportunity for digital transformation to create value for their companies. This shift goes beyond the traditional role of CFOs as business stewards. The study, which included detailed survey data from CFO Dive, represents a unique opportunity for CFOs to seize the moment and elevate their roles to architect business transformation. The study examines the evolving expectations of CEOs towards their CFOs, why CFOs must demand a seat at the strategy table, and much more. Further, the survey finds that high-performing companies, even during global disruption, embrace and optimize digital transformation in the finance department.
Download the full report now to learn more about key findings and statistics, like:
- 51% of companies exceeded goals and expectations during the pandemic, where the CFO is a value driver
- 71% of CFOs from companies that are still experiencing accelerated growth are investing heavily in digital transformation and process improvement for finance
- 80% of CFOs from companies that performed beyond expectations this past year have taken on digital transformation initiatives to reduce manual processes and remove human errors to focus on strategic value creation