CFO of the future: how to deal with new challenges and responsibilities?

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Perhaps one of the top positions that has suffered the most from recent changes in the economy is the CFO. Now, this professional finds himself in a major dilemma: how to deal with the consequences of the transformations in the business environment and, at the same time, prepare for what is to come?

Being a CFO of the future is quite a challenge. After all, there are many things to germany phone number list reviewed regarding the way the profession is practiced. It will be necessary to understand what is happening, what the challenges are, and the solutions for this position. In order to clarify a little more about the issues surrounding this role, we have gathered some factors about its future. Enjoy reading!

What is CFO?
CFO is the acronym for Chief Financial Officer, or rather, financial director. Therefore, we can describe this position as the highest level when it comes to finances. He is responsible for all the main decisions involving the finances of an organization. He participates in decisions about investments, revenue and expense management, etc.

How important is it for a company?
The financial director has a very important role in all choices involving the company's resources, as he will be responsible for managing strategies, supervising the treasury and accounting of the business.

Its importance to the company also involves analyzing risks and cash movements . Therefore, more than just supervising, the CFO will have to know both the company and the market well in order to determine what the strategies for growth will be.