One company executive has a growing influence in today’s boardroom—the chief financial officer (CFO). And the role of the finance organizations that these CFOs lead is expanding as well. Examine the changing role of the finance organization in today’s business environment, learn how your CFO can take on a more prominent role in defining company strategy, and find out how you can develop a best-run finance organization.
business flow of organization
every part of the business – and that facilitate communication between departments – are critical to ensuring that finance is integrated with these operational decisions. Finance, marketing, sales, and manufacturing must all work together, for example, to effectively determine appropriate spend based on expected returns and, ultimately, the bottom line. With closedloop processes in place, a finance department can forecast potential revenue, run what-if analyses, and develop contingency plans to manage