Alleviating the top concerns of CFOs requires change modelling to steer investment towards creating an agile and secure business.
Welcome to Round-Up, a concise summary of my discussion topics, reviewing all three blogs from 2016’s Q1. From the Tuck-In section, you can access Q1 blogs directly, or catch up on all the salient points through the Take-Away section.
January’s blog, “Bridge the Gaps in Corporate Services to Succeed as CFO,” introduced the top concerns for CFOs in 2016 and presented a transformation model to guide investment towards alleviating those concerns. February’s blog, “Invest in Enabling Technology to Help Weather the Storm,” outlined the current economic climate and the need to embrace change, using the transformation model as a guide while also introducing enabling-technologies as a facilitator. March’s blog, “Mitigate Cyber Security Risk within Information Management,” placed an emphasis on how information management can assist in the mitigation of the cyber security concern and provide a solid platform to embrace digital transformation.
The top five concerns for CFOs in 2016 are margin and earnings performance, followed by cyber security, strategic planning, forecasting and budgeting. It is the belief by CEOs that these concerns be addressed using an increased breadth of functional control by the CFO to leverage improvements in staff development, data and technology. Accommodating this increased scope will require a change to existing structures for all corporate services functions, and optimising the output from this change will require an investment structure. Considering the fragility of the current global economic climate, the investment structure should enhance a company’s resilience to market forces by facilitating an intelligence-led, flexible model. In order to be intelligence-led, the model should be grounded by appropriate technology that supports, and is part of, an information management strategy. With the investment model in place, and the breadth of scope under ownership and control, the remainder of the information management strategy should be to enhance data quality and security to provide information for decision-making and to complete the picture for an agile and secure business.
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