I spend a fair amount of time on-line, reading articles and attempting to stay current on technology trends. I came across an article from 2015 which described the skills required to be a successful CFO. After reading and spending some time reflecting, the skills sets from 2015 have not changed for 2019. If you are looking for a new CFO or a young professional developing your career, here are some “wish list” items from potential employers.
Always at the top of the list of criteria when researching for a CFO is leadership and strategy. Without leadership and strategy, nothing else matters. Typically, the CFO plays the “number two” executive position behind the CEO and has a unique and valuable vantage point of the business.
From a technical skillset, breadth is critical. Most often the sought-after skill is a deep understanding of operational finance, including FP&A (financial planning and analysist), budgeting and forecasting.
Technology Changes Everything
One thing that has changed since 2015 are the tools available to the CFO to process and present this information. For example, Sage Intacct released a budgeting and planning module that is part of their core offering. Sage Intacct is the AICPA’s only preferred financial manage solution, so you know when they add functionality it will be to address the needs of the CFO and all members of the finance team.
Another world-class reporting and budgeting system which integrates into most mid-market accounting products, including Dynamics 365 Business Central is Solver BI360. Solver’s solution is more commonly known as a CPM tool (Corporate Performance Management).
Personally, my Wish List includes enhancing my skillset on tools like Sage Intacct and Solver BI360. While not a CFO, building corporate performance cards and KPIs is one of my passions and I look forward to working with you to support your company’s needs.