CFOs have the ability to access decision-critical information and be part of those strategic discussions in the C-suite, but they must master the domain of information technology to do this effectively
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In fact, I think the CFO has the potential to take on a great role beyond finance and accounting, as pointed out in my earlier IMA TechTalk Blog, “Rise of a Hybrid in the C-suite: the CFTO?. ” This is not to say that the CIO has no role – this is a chance to foster greater collaboration within the C-suite itself and start to plant the seeds of a culture of integrated thinking that can trickle down to the rest of the organization as well as up to the board
3 Comments - For example, the Chief marketing Officer (CMO) and Chief Information Officer (CIO) C-Suite functions will need to integrate as internal and external information becomes increasingly important in helping a company expand its market share. As the Deloitte study on C-Suite 3.0 documents -- this increasing interdependency between these two critical C-Suite functions will be vital to a company as Big Data, Internet of Things, Cloud and Mobile Computing/ Predictive Analytics become “best practices” of a sustainable organization. http://deloitte.wsj.com/cio/2015/02/02/navigating-c-suite-3-0/
Federal Computer Week published a great story on Congressman Mick Mulvaney (R-S.C.) confirmation hearings as the next OMB Director of the US Government. Congressman Mulvaney (Tea Party Leader in Congress) stressed the importance of getting accurate and useful data in order to inform his and...
If I were a betting man – and sometimes I am – the data released by The Hartford Midsize Business Monitor about the role of technology in midsize companies points towards a growing risk that is not just the exclusive pain of the ‘big guys.’ Eighty-two percent of midsize companies consider...
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Interesting article … Largest democratic country in the world (India) is pushing the largest capital markets country in the world (USA) to have public companies disclose not only financial information but non-financial information to better serve both investors and the public. Including...
Great article about UK’s new narrative reporting framework for listed companies, banks and insurance enterprises with more than 500 employees that went into effect for financial reporting periods on or after January 1, 2017 . Companies, banks and insurance enterprises will be required...
Earlier this week the US Securities and Exchange Commission's Office of Minority and Women Inclusion (OMWI) issued a report aimed at helping SEC-regulated entities assess diversity efforts to the capital markets and other interested stakeholders. The self-assessments are voluntary for US public...
Great article in Accounting Today by Daniel Hood (Editor) today about the accounting profession and its relationship to technology… From Accounting Today: T homson Reuters’ Jon Baron … roughly a third of them (accountants) are dooming themselves to extinction by not embracing change and...
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