By "Jim Lein, Oracle Midsize-Oracle" on Jul 29, 2015
The CFO often must be the most multifunctional tool in the executive office.
And I mean ‘tool’ as ‘a device used to carry out a particular function’ (not the urban slang definition). The CFO’s I interact with are multi-learned, multi-talented, multi-skilled. That’s because their responsibilities typically go well beyond finance, most often to overseeing IT and HR functions.
The Best Talent is Hard to Find
ManpowerGroup’s 2015 Talent Shortage Survey identifies ‘management and executives’ as #6 and ‘accounting and finance staff at #7’ in their list of ‘hardest jobs to fill’. But for organizations striving to adopt Modern Best Practice to digitally transform and/or disrupt it’s even harder. They require executive finance talent that understands how to leverage enabling technologies—cloud, social, mobile, analytics—across the entire organization to achieve greater results with fewer resources.
Building Better (and more) CFOs
Talent like that doesn’t just happen. In this FinancialDirector article, Are we moulding CFOs for the 21st century?, Dee Houchen, Sr. Director of Product Marketing in EMEA, explores the subject of whether the business, finance, and education communities are adequately preparing to deliver a sustainable supply of finance talent for today and the future. Houchen points out that finance “leadership is at-once one of the most desired qualities in new recruits and one of the least possessed.”
More Insight and Practical Advice for Adopting Modern Best Practice for Finance
Oracle Cloud GTM Strategies | Modern Best Practice | Solutions for Growing Companies
Modern Best Practice exploits new capabilities made possible by cloud, mobile, social, analytics, big data, and IoT, making it possible for your organization to achieve more, faster and with fewer resources. It is flexible, supports growth and innovation, and enables new ways to achieve consistently superior performance.The views expressed here are my own, and not necessarily those of Oracle.