GUEST:
About Aneel Delawalla
Aneel Delawalla is a Managing Director in Accenture Strategy and leads the Enterprise Value Targeting group, which uses proprietary functional/industry benchmarks and digital value methodologies to find and size new sources of value. Aneel works with management teams and boards of directors at publicly traded and privately held companies to create enterprise value at the intersection of growth strategies, operating model transformation, and the employee experience. Aneel also co-chairs the Accenture CFO of the Future Summit in partnership with Harvard University. Aneel earned a Bachelor of Arts degree in Public and International Affairs from Princeton University.
TODAY’S TOPIC:
NEARLY 8 IN 10 CFOS SAY THAT ORGANIZATIONAL DISRUPTIONS FROM THE PANDEMIC ACCELERATED A TRANSFORMATION OF THEIR ROLES.
Well discuss the new research and how companies must improve employee as well as customer experience by strengthening top-line and bottom-line results and as the pandemic continues to challenge organizations worldwide, the role of chief financial officers (CFOs) has moved further beyond “economic guardians” of the enterprise to “architects of business value” and “catalysts of digital strategies,” with nearly three-quarters (72%) of CFOs reporting that they now have the final say on the appropriate technology direction of the enterprise, according to new research from Accenture (NYSE: ACN).
The report, “CFO Now: Breakthrough Speed for Breakout Value,” finds that in addition to the pandemic other external challenges including expanding digitalization, volatile market dynamics, and the fast-evolving consumer expectations around technology, trust, and purpose have forced CFOs to broaden and transform their roles. CFOs are also being asked to ensure that their company appropriately mitigates risk by addressing environmental, social, and governance (ESG) performance, as well as security challenges faced by their organization).
Did you know?
- 86% CFOs have increased the frequency and scope of collaboration with C-suite partners leveraging their visibility, analytics, and access to data and insights to enterprise risk.
- 88% of CFOs have introduced new metrics to better leverage finance’s collaboration with and influence on the enterprise.
- More than half (60%) of traditional finance tasks are currently automated. This exceeds what CFOs predicted in 2018 when they said 45% of traditional finance tasks would be automated by 2021.
- Only 23% of CFOs are using the cloud to provide new insights and only 16% use it to identify new value sources
