The above would be impossible without the automation of information, since access to large volumes of data becomes increasingly complex, especially in large companies.
In this way, the CFOs now have a much more leading role within the organizations. These leaders are going digital to become a critical voice in making decisions in everyday or critical situations through the immediate use of information.
However, not everything stays on the side of the machines. This financial leadership has had to acquire new interpersonal and technical skills to respond to current times, such as data analytics, critical thinking, management of intelligent automation systems, in the same way it has had to equip itself with tools that allow them to have a much broader perspective of the current and future situation of your business.
Thus, CFOs, having this new approach where digitization and standardization of processes are increased, should consider investment in the digital transformation of corporate finance as part of their plans. In fact, according to a study carried out by PwC, at the beginning of 2022, close to 50% of CFOs had digital transformation strategies to maintain or increase their margins during the year.
This is how the relationship between CFOs and CTOs (Chief Technology Officer) has been strengthened in the search to develop intelligent automation of data management and transactional processes within organizations.