The Chief Financial Officer (CFO), also referred to as the Financial Director, holds the top financial position in an organization. The CFO is the financial guardian of an organisation, monitoring cash flow, budgeting the company’s finances, identifying its financial strengths and weaknesses, and making strategic recommendations.
The accelerated change in globalised capital and markets, regulatory and business drivers, growth in information and communications, have changed expectations of the role of the CFO. The KPMG report, “The Changing Role of the CFO,” outlines five critical areas in which CFOs must excel: 1) Having a strategic outlook and an intimate knowledge of the business which enables a focus on growth and optimization of the value from investments.
2) The CFO is also expected to understand emerging technology and where things are headed; cloud-based solutions, emerging work and collaboration platforms.
3) Driving innovation will also be a key role, which entails developing new creative ideas based on data insights to help drive change towards cutting costs and fueling innovation.
4) Fourthly, investing and retaining talent which means employing diverse talent and attracting talent to organically grow the business, sourcing from diverse backgrounds working closely with HR executives.
5) Finally, the art of effective communication on complex financial results and business performance to both internal and external stakeholders is extremely crucial.
To celebrate the indispensable efforts of these financial gatekeepers in shaping businesses and economies, Indian Achievers’ Forum proudly presents, “IAA for CFO Of the Year”. With this accolade, we recognize financial leaders who demonstrate exceptional strategic foresight, innovation, and leadership. Indian Achievers’ Forum also facilitates the continuous development of such financial leaders by organizing meetings, conferences, seminars, workshops on the key issues with leading agencies and associations and also host re-orientation training programmes, development & other related programmes for the development & knowledge of the members associated. Beyond individual recognition, the forum serves as a catalyst for economic growth and societal development, fostering a community that values financial excellence and ethical business practices.
