With the pandemic, almost all operations have come together on a digitised platform. In that sense, everything is more or less visible and digitisation makes it possible to track and monitor any section of a company. This has brought a paradigm shift in the world of the chief financial officer (CFO). The role has broadened and is holistic across the entire organisation and, in order to extract value, the CFO may have to chalk out measures to enhance business outcomes.
In its new avatar, the CFO may be at the forefront of decision making as transactions across the board are customised. “The CFO’s role goes beyond making the payroll more effective. It’s like a 30,000-feet view of all functions that are interlinked. What could happen in the future, is that they can engage in the services offered by the company,” said Manish Thakore, CFO at Daimler India Commercial Vehicles, discussing the role of CFOs in New Digital Era organised by ASSOCHAM and Nexdigm...