Focused on strategy, cashflow, taxation, compliance, and leadership, are some of the areas your CFO deals with, as well as the recurring themes of growth, change, and digital transformation.
Their key challenges – from a strategic perspective – include budgeting, forecasting, planning and analysis, and improving productivity. From a tactical standpoint, controlling cashflow, ensuring legal and regulatory compliance, and providing up-to-date reports for external and internal reviews are of utmost importance.
By having the right technology in place, your CFO would be able to better support the organization to:
- improve month-end closing ensuring all billing and payroll is accurate and on-time.
- reduce days sales outstanding.
- forecast and plan effectively using accurate data.
- utilize Artificial Intelligence (AI) and Machine Learning (ML) for financial use cases.