Lessons from Best-In-Class CFOs

The financial reporting tasks in many firms have become mundane and serve little to no purpose.

Many functions within corporate finance departments have become rote chores, often lacking in value. Chief financial officers and their staffs spend an excessive amount of time tweaking spreadsheet inputs rather than attempting to understand the businesses generating the data and how those figures could affect the well-being of the corporation.

Chief financial officers need to rethink their roles and how their departments can add value.

To escape this drudgery, CFOs need to approach their departmental tasks from a perspective that spans external firms, sectors and regions...