The Chief Financial Officer of a midsize organization is challenged because their requirements are similar to large enterprises, yet they have fewer resources available. IT innovation enables midsize finance departments with the potential to be more productive. However, achieving the full benefit from these investments requires that CFOs assess the department’s existing processes to identify opportunities where using technology can improve performance. A key objective is to scale the business without having to increase administrative headcount in the finance department so that resources can be instead focused on accelerating growth via investments in sales, logistics, R&D or customer support.
Financial Technology Innovation Enables Midsize CFO Effectiveness
Fill out the form to continue reading
About the Author
SVP and Research Director
Robert Kugel is responsible for the Office of Finance and business research, focusing on the intersection of information technology with the finance organization and business. His research agenda includes the application of IT to finance and business process optimization, looking particularly at ERP and continuous accounting, financial performance management, predictive planning, price and revenue management, revenue and lease accounting and robotic finance.