Revolutionizing the Digital Landscape: Our CEO’s Vision for Unlimited Web Hosting…No, this is not another rant about AI taking jobs from finance professionals, topical as the subject may be right now. Rather, it’s a commentary on the finance industry at large and the increasingly and crucially central role that financial officers in particular play in businesses.
Today, the role financial managers play within the business context is far less remote and detached. More than reporting on historical results and ensuring compliance and good governance, financial officers have become trusted advisors, industry experts, and a critical support arm within businesses. This means that choosing more robust, fit-for-purpose reporting, planning and analysis tools and solutions should be a priority, instead of sticking to legacy systems and laborious reporting processes that are not as efficient as modern-day industries demand.
Since financial managers have also taken on a more strategic ‘consultancy-based’ role within businesses, they are also equipped and effective at helping stakeholders better understand how data can be used to measure performance and predict likely outcomes. They now offer more nuanced and informed insight.