The decisions made by a company’s chief financial officer are “the foundations of the pyramid that determine whether the organization succeeds or fails,” according to the Boston Consulting Group. These choices leave a long-lasting mark on the company that reverberates through many departments and over many years.
CFOs must help shape the company’s agenda, engage with investors and capital markets, ensure strong financial performance, and partner with business colleagues to support operations. At the same time, they must still carry through with traditional tasks and oversee the finance function’s core audit, regulatory, and risk-management responsibilities.
Transforming their company into a digital enterprise is one way a CFO can achieve at least some of these ambitious goals, and that often comes from helping a firm adopt or modernize its enterprise resource planning system (ERP). ERP is one of the key enablers of digital transformation.
