Over the years, CFOs and their teams have moved way beyond being the financial number crunchers of an organization. Today, they are expected to counsel business units on innovative approaches to creating value, a task which they do with aplomb using sophisticated analytics to measure, manage and review organizational performance almost on a real time basis. Till a few years back, finance divisions did not have access to automation technologies (a McKinsey survey from 2019 said barely 15% of the CFOs had access to AI / ML tools) and most of the digitization efforts were around the mundane tasks. However, today the situation has changed and so has the outlook of the modern day CFO.

How CFOs Can Drive Finance Transformation