The role of the CFO has evolved. The CFO has progressed from an accountant closing the books, to a business partner delivering insights and providing decision support, to what we now call a Value Architect. In this role, the CFO takes on a strategist position as the guardian of the economic value agenda for all major decisions made in the enterprise.
As Value Architect, the CFO agenda extends far beyond the traditional finance function to include a wide variety of topics such as the product- and geographic-mix, future ERP and technology strategies, enterprise operating models, and the digitalization of the enterprise. CFOs recognize the importance of technology to increase the efficiency and effectiveness of the finance function and the overall enterprise, as well as to fuel growth and profitability. They often turn to tools such as big data, analytics and digital technology to improve enterprise performance and help guide the business.