The role of the CFO is changing rapidly. With a growing need to eliminate the silos between the C-suite, the lines of business, and IT, the CFO is increasingly taking the lead role to bring these groups together. The role is changing from scorekeeper to strategic and tactical business partner and corporate change agent.
Facing challenges ranging from reducing ongoing Selling, General, & Administrative (SG&A) costs to positioning the company for growth, to understanding the impact of cloud computing on the organization, the CFO must be in a position to manage and/or drive change – change that begins with the Finance and Accounting (F&A) organization.
Transforming F&A to meet these challenges is an ongoing process that takes time, talent and money – resources companies are typically short of in today’s environment. Increasingly, CFOs are looking to BPO providers as a route to making this transformation and achieving world-class F&A operational delivery. Many CFOs have found that partnering with HP’s F&A BPO is not about off shoring or "your mess for less," but as a true collaborative effort to design the best, most flexible solution to meet the organization's needs to lower costs, increase agility, improve decision-making and provide a platform for easier growth.
For more information on the changing role of the CFO, download this white paper.
How have the challenges faced by the CFO’s team in your organization changed over the past 10 years?