The CFO’s role and the finance function have undergone significant changes due to a disruptive economy. In the post-pandemic world, CFOs have taken on a central role in managing risks and ensuring business continuity. They are now focused on optimizing cash flows, minimizing revenue losses, and enhancing reporting capabilities, all in response to rapidly evolving business conditions. The CFO has transitioned into a trusted advisor for both the CEO and the board, with a primary objective of strengthening organizational resilience.

Finance executives grapple with formidable hurdles as they strive to harmonize routine operations with transformative endeavors. These obstacles encompass issues such as a lack of strategic clarity, cumbersome processes, subpar IT infrastructure, talent deficiencies, and an escalating degree of intricacy. Within this framework, CFOs must orchestrate the transformation of their finance departments, shifting away from the conventional focus on reporting and control towards the establishment of a genuinely contemporary financial entity.