Summary of Lessons from Best-In-Class CFOs

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Lessons from Best-In-Class CFOs summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Applicable
  • Overview
  • For Experts

Recommendation

Too many chief financial officers focus on fine-tuning the data instead of interpreting and acting on it, according to this incisive analysis from professionals at the Boston Consulting Group. They advise corporate CFOs to step back and see the bigger picture, so that they can uncover the efficiencies that can add to shareholder value. Understanding the story behind the numbers, and actions they support, will enable these executives to contribute more to corporate success.

About the Authors

Alexander Roos et al. are directors at the Boston Consulting Group.

 

Summary

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...


More on this topic

Customers who read this summary also read

Joyless Growth in China, India and the United States
8
Libor: Why 2022 is Coming Faster Than You Think
7
Social Value Investing
8
The Speed of Risk
8
Creating a More Digital, Resilient Bank
7
Investment Banking Explained
7

Related Channels

Comment on this summary