Reshaping the Role

Surveys conducted before and during the pandemic show the coronavirus crisis may be reshaping the role of the CFO, with senior finance executives shifting their focus to crafting strategy and generating business value.

CFO Research (part of Argyle Advisory and Research Services) and Grant Thornton surveyed 631 CFOs and other senior finance executives in February, then followed up with a survey of 174 CFOs and senior finance executives in May, to gauge the effects of the COVID-19 upheaval.

Besides the changing focus of CFOs, the surveys revealed widescale delays for innovation projects, a renewed appreciation for business strategy skills, cybersecurity expense increases, and love for advanced analytics and artificial intelligence.

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