CFOs taking on greater responsibilities


Pile of MoneyAnd not only that – the new set of strategic responsibilities coming under the purview of those occupying the CFO office are trickling down from very large to mid-level corporations.

According to a study commissioned by automation software company BlackLine and conducted by online publication Middle-Market Executive, CFOs tasks are going beyond their tradition role overseeing financing and accounting matters.

The study noted, “These leading-edge CFOs are being called upon to carefully direct technology investments towards systems that enhance budgeting and forecasting, as well as back-office processes such as account reconciliation and account analysis. Just like their counterparts in larger organizations, CFOs at middle-market companies are increasingly being viewed as ‘agents of change,’ according to the survey of more than two hundred middle-market senior executives from diverse industry sectors.”

“The import of the survey is that just like at large enterprises, the CFO in middle-market companies is riding hard on strategic technology investments that improve decision-making around budgeting, forecasting and the period-end financial close,” said Jack Sweeney, editor-in-chief at Middle-Market Executive.  “Such organizations see value in the adoption of new tools, despite limited financial resources.”

Previous articleATBA believes FCC is failing LPTV
Next articleFCC gets an eyeful on Open Internet
RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.