From CFO to CVO
The next evolution in business is upon us. “Enterprise 4.0” is the term used today to define the combination of digital technologies, data, and analysis tools found throughout the design and production chain. The CFO will provide vital support for the company’s strategic and business decisions, with a broader professional horizon and vision enabling him or her, almost naturally, to undertake a growth process potentially leading to the role of CEO.
In the 4.0 era, the CFO has the opportunity to increasingly become a Chief Value Officer, focusing on the creation of value for the business. Upcoming digital technologies will require a new skillset and changes for the standard CFO responsibilities. As a result, the CFO will not only have to address technical competencies but also influence the organization’s strategies and process of change.
The new role of the CFO will evolve into a CVO – Chief Value Officer. For this reason, Managing Enterprise 4.0, adopting a forward-looking approach to performance and developing managerial competencies are all encompassed in the CFO’s revised role. Change is inevitable and organizations that successfully adapt to it will experience the greatest success.
Download “From CFO to CVO” today to discover how CFO interaction with Enterprise 4.0 will impact your organization.
“CFOs will shift from their traditional role as administration and finance experts, with technical skills based on administration, management control, cash-flow management, and financial planning.”