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A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.Chief Financial Officer: Articles that are specifically about these roles or trends

Industry 4.0 has now given way to “Business 4.0,” the current global business environment generated by the technologies of the Fourth Industrial Revolution. Business 4.0 extends beyond the industrial sector to encompass all sectors, from financial and professional services to health care and consumer goods. So great is its influence, Business 4.0 is reshaping the roles that make up the executive ranks within organizations around the world.

This is an excerpt of AESC's report Leading Transformation: Shaping the C-Suite for Business. In the excerpt, AESC member executive recruiters how they believe the C-level leaders will need to evolve to compete in Business 4.0.

 
Must some C-Suite roles change more dramatically than others to meet the demands of Business 4.0? “All C-Suite functions are impacted in one way or another,” commented a consultant based in the UK. “No one function is exempt.”
 

CEOs Must Drive the Culture Change

The role of the 21st Century Chief Financial Officer is drastically different from its traditional book-keeping function. Deloitte tried to map this transition with their article 2011 “The Four Faces of the CFO”, but their failure is that they stop at the theoretical and haven’t gone the extra step to put figures to their ideas. I wanted to see if I could do just that. As such, I got in touch with 449 Chief Financial Officers in Australasia and asked them to look at a more recent article by Deloitte where they delineated that a CFO tends to fit into one of the four categories listed below.

The CFO role requires a strong candidate able to lead the charge. But, the qualifications needed and the route to get there is ever-changing. BlueSteps sat down with Debbie Ellis, one of our BlueSteps Executive Career Services Advisors, to learn more the status of the position and the attributes needed to obtain a CFO position.

You’ve worked hard to get where you are in your career, now let BlueSteps work for you to help find new CFO jobs.

Let’s face it: CFOs are not the best networkers. Some of us are better than others, but for the most part we sit in our offices and manage numbers, strategy, administration, IT infrastructure and whatever else falls under our purview – responsibilities which seem to be growing every year. But the reality is that we all need to be great networkers.

BlueSteps chats with AESC executive search consultants about the latest trends for CFOs and finance executives. In this article, we focus on the current outlook for the CFO role accross the globe. Download the full white paper, "Executive Search & Career Forecast: Inside the Chief Financial Officer Role" for more.

James Langston and Julie Kanak, Diversified Search/AltoPartners, USA

BlueSteps chats with AESC executive search consultants about the latest trends for CFOs and finance executives. In this article, we focus on whether or not it's possible for CFOs to make the transition to CEO. Download the full white paper, "Executive Search & Career Forecast: Inside the Chief Financial Officer Role" for more.

cfo_career_white_paper-coverJames Langston and Julie Kanak, Diversified Search/AltoPartners, USA

BlueSteps recently hosted an #ExecCareer Chat on the topic of Executive Search and Your CFO Position, featuring Catherine Bell, from BluEra, and Rick Cannellos, from Epsen Fuller Group.

Some of the questions asked included:

In this topical article, financial services executives can find an overview of what omni-channel banking is, why it’s important and how to update their technology systems.
 

Omni-Channel Banking Defined

An omni-banking experience represents the leveraging of customer behaviors across all relevant banking channels, which provides the basis for a consistent, personalized banking transaction. Wherever there is a multi-step banking experience that is completed over time, each relevant channel needs to recognize what step the customer is in related to the transaction fulfillment process, and be able progress the multi-step process in a transparent fashion to the customer.
 

The Rational That Is Driving Customer Demand