“The talent agenda is vital” says Richard Moat FCCA, Chief Financial Officer at Eircom Group and Chair of ACCA’s Accountants for Business Global Forum, in this latest video about the changing role of the CFO.
He adds: “To be an effective business partner, finance people have got to understand the commercial realities of the business – have to have a strong commercial link as well as experience in finance.”
Richard also talks about how managing cost, rather than growth, is a big priority for CFOs today.
The Changing Role of the CFO report explains how the financial and business landscape is changing: greater uncertainty for the global economy, fluctuating energy costs, rises in commodity prices, currency fluctuations, government deficits and cost cutting.
There is a growing recognition that SMEs can get this sort of level of expertises (ie a caombination of strategic and comercial thinking coupled with financial acumen, from organisations such as http://www.secantor.com. Have a look at another blog with articles on this issue http://www.secantorceo.blogspot.com