A Chief Financial Officer’s primary responsibilities include reporting accurate financial data, developing financial strategy and reducing expenditure. In short, they’re directly in charge of improving the company’s financial results. Business value is created by not only ‘crunching numbers’ but also improving business processes.
Most CFOs are don’t just have a defensive approach towards their cash flow. They are also creating an environment that is growth oriented. So finance is not a conservative field that is solely related to cost control, their efficiency is directly contributing to revenue growth.
In this white paper, we will look at certain areas of expense management that CFOs should look at to not only ensure stringent control over costs and compliance but also suggest ways in which Finance as a function can actively contribute towards revenue generation and growth.