‘Bean Counter’ CFOs Replaced by Corporate Financial Architects – PYMNTS.com
The path to the chief financial officer seat is getting wider as the role’s responsibilities transform.
Given the growing accountant shortage, this is a good thing, but it doesn’t mean the journey to helming the finance office is getting any easier.
The day-to-day responsibilities of finance leaders are undergoing a pivotal shift away from more traditional fiduciary and accounting responsibilities toward those augmented by operational and capital allocation talents and expertise, as well as the ability to effectively liaise between departments.
The emergent alignment of end-to-end accounting processes with generative artificial intelligence (AI) tools is expanding the ways CFOs can have an impact, allowing finance departments to do more with less and positioning the CFO as a strategic partner and advisor to the management team.
The role of the CFO as a strategic leader responsible for roadmap planning, risk management, innovation and more business-critical initiatives has only…
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source: https://news.oneseocompany.com/2023/06/06/bean-counter-cfos-replaced-by-corporate-financial-architects-pymntscom_2023060645739.html
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