The traditional CFO is now making way for the open and strategic CFO—a value creator, performance driver, innovator, and communicator. One that is connected and mobile…and all being driven by advanced technologies and automation of finance and accounting workflows.
They are realizing that if they optimize finance processes such as invoice processing (AP) and access the data housed in the AP department, they will be better able to manage cash, control spend, contribute to profits, and mitigate risk. They will find ways to use the data to make smarter, more strategic decisions.
This changing role is reflected by 10 major transformations detailed in this new article published to Spend Matters.