How CFOs Benefit from a BI Visualization Tool
Don’t just look at the information - although it will be very pretty.
Think about it. Take action.
And then, repeat the process all over again.
Memo to CFOs: They Know Who You Are
How confident are you that the work you do makes your company more valuable? That should be a key question for a CFO. Since I came to this publishing enterprise in 2007, I’ve often heard opinions voiced (even by some finance chiefs) that CFO work does not, many cases, really add value.
Now think about this. Regardless of your own level of self-confidence, how confident is the rest of the company that you’re adding value?
You might ask, “Why should I care?” Well, you should, I think. If nothing else, other viewpoints may contribute to greater self-awareness. But as it turns out, in many respects finance’s view of itself may not be all that different from everyone else’s.
Why CFOs Shouldn’t Leave Ethics to HR
I have worked with CFOs who leave the issue of ethical conduct to the HR and legal functions.
But others have taken a different view — they take a significant interest in ensuring that management and employees always behave in an appropriate fashion, consistent both with laws and regulations and the expectations and standards of the organization. They realize that not only can inappropriate behavior lead to compliance failures, fraud, and theft, but the consequences can adversely affect employee morale and the firm?s reputation.
The bottom line is that ethical failures can affect operational and financial performance and share price.
The Ethics Resource Center recently a business ethics report, based on a survey of 4,800 employees. I was surprised by some of the statistics and suspect most CFOs will be too.
Does Finance Play Second Fiddle to HR?
Do CFOs spend less time being strategic partners than HR leaders do? Do Finance and HR professionals report on or accomplish their strategic influence differerently? John Boudreau digs deeper to find out.