In the previous article, we looked at the four types of CFO that you commonly find in businesses. But those types are starting to change. Increasingly, the focus is on the style you adopt to manage your team and communicate with the wider company, to assess where you can improve your approach.
What’s a finance leader to do?
If you believe the hype, automation and AI are flipping finance departments on their heads. But the reality is that many finance teams are struggling to implement the digital practices and data-enabled tools that could turn their departments into an efficient creator of strategic value and insight, not just another cost-centre to be optimised, trimmed, and outsourced.
Starting a new CFO role comes with a host of challenges and a steep learning curve. It can be tough to work out what to tackle first.