In the midst of a scenario of uncertainties, crisis committees and market volatility, the finance area has been playing a fundamental role for recovery.
With the expectation of following this new scenario, CFOs are being increasingly demanded not only to deliver strategic information, but also to actively act in creating an agenda of opportunities in the face of the Covid-19 crisis.
Challenges such as process automation, talent retention, setting up a digitization agenda and the ongoing need to protect assets and manage costs, demand an increasingly transformational mindset from the CFO services in India that helps the company to grow and reach the next level of performance. But the big question of the moment is: how to adapt to meet the new demands that came with the crisis?
Now, more than ever, financial leaders must be equipped in addition to providing timely information that facilitates strategic decision-making, also being architects of organizational restructuring, talent development, technologies and processes that bring agility and efficiency to the business.
But how to become more agile to respond to the constant changes in the market in the midst of a pandemic? How to leverage talents and technologies to create a path of recovery?
To adapt to this new scenario, CFOs need to have an applicable financial model, technologies and, of course, an engaged team.
The financial function must evolve into a strategic, analytical and data-based power that embraces digitalization and creates value for the entire company. How can the CFO unite innovation, sustainability and social impact in a scenario of uncertainty?
With the accelerated technological advances in recent years and the expansion of new businesses, several professionals have identified the need to always be up to date and adept at the changes that the new era requires.
Observing these changes in scenarios and behaviors, one of the main characteristics of successful professionals today is the relentless search for knowledge and daily evolution. However, in the financial market, specifically for the position of CFO, this has been a reality for a long time.
Market knowledge and strategic vision
Knowledge and the search for new information are some of the main characteristics of a successful professional. This does not depend on area, position, function and age. The search for learning must be daily and it is the great differential of a professional today.
Financial knowledge and being an investment specialist
A successful CFO must be an expert in the financial area, especially in investments. Typically, professionals in the field are trained in economics or accounting. The person who wishes to be in that position must be one hundred percent up to date on these matters.
Knowing how to manage information
All management positions deal with confidential information on a daily basis. The CFO has an important role in defining what information can and should be disclosed to the entire organization.
Knowing how to dominate the universe of accounting and finance is a basic task of the CFO, but it is also necessary to keep up to date with market trends as a whole, in addition to being aware of any possibility that may bring benefits or risks to your incorporate company in Delaware.