Which are the new challenges that the Finance Community has to face in the new economy? What are the skills and the competences required for the 21th Century CFO? What has been the evolution of the Finance Role in the past decade?
2. Over the past decade the
Finance Function has
experienced an increasing
demand of different
qualification supporting the
business complexity.
Here by only few example
Effective
Communication
Strategic Thinking
Risk Management
Business
Partnership
5. Skills:
General Accountancy, familiar with VAT and
Banks operations, Ability with Computers and
Accounting Software Knlowledge.
Tools:
Personal Computer
Electronic Typewriter
Telefax, Photocopier
6. Skills:
General discipline of planning, budget,
accounting organization and internal controls
KPI and Cashflow monitoring and periodic
Reporting.
Tools:
Microsoft Office
Excel
Electronic Mail
T&E Corporate Equipment
11. -Ability to influence and
lead projects and
business transformation
-Effective Communication
is a must to communicate
complex issues to
different levels, facing the
organizational changes
- As Business Partner
there is the need to be
prepared also on
commercial side and
Business Model.
Communication & Leadership skills
13. Cybersecurity:
collaboration with IT to protect the corporate performance from
Data breaches
Social Marketing:
attention on the Regulation for the careful and strategic usage of
Social Media
New objectives on the Finance desk
14. Shared Services migration
Focus on service contract negotiation
Change management
Agility with new technology Integration
Ability with Multicultural Team Coordination
Finance transform-action
15. Reputation: Risk and Opportunity
Senior Executive (CXO) have the burden to build and maintain an untainted
Company Reputation.
17. Financial wellness
program implementation
supporting the employees
affected from any financial
stress
Measure employees
satisfaction or discomfort
paying attention on
Human Capital.
Focusing on key factors:
-Empowerment
-Purposes
-Motivation
-Reward
-Engagement
Measuring the Employees WELLBEING
18. The majority of the CFOs
spend time on different issues
tied to the other functions
such as: HR, Marketing,
Legal, Operation,
Procurement, Business, IT.
Priority management drives
results.
CFO represents the navigator
within the active and passive
cycle, and the key advisor on
investments and funds.
Time and priority management
makes the difference.
Time Management is critical
19. BIG DATA
Finance cannot ignore the infinite possibility
offered from Big Data and Analytics.
They are the new Allies for:
-the Market analysis
-the Business Forecast
-Customer reliability
-and lots more…