A traditional CFO will: • Focus primarily on cost-cutting • Rely on past data for predictions • Be reluctant to invest in new tech • Speak in complex financial jargon • Follow the CEO without questioning • View departments as expenses to control • Struggle with tech industry's rapid changes • Prioritize immediate profits over long-term growth • Shy away from risks, even if they offer high potential returns A modern CFO will: • Partner with the CEO for strategic growth • Allocate resources to R&D and innovation • Use AI and analytics for accurate forecasting • Create adaptable budgets for market fluctuations • Balance current finances with future investments • Align financial planning with long-term tech trends • Collaborate across departments to generate value • Spend on innovative financial technology and tools • Translate financial data into clear business strategies • Calculate risks and advocate for high-potential opportunities Bottom line: Traditional CFO: "The new AI project is too expensive now." Modern CFO: "Let's explore how AI investment can help us hit profitability." The future of tech companies lies in the hands of CFOs who can: → Adapt to change → Embrace innovation → Drive strategic growth Follow Wouter Born for more CFO office insights and latest tech developments.
Strategic growth through tech investment is exactly what companies need to stay competitive in today’s fast-moving market
Love the comparison! Modern CFOs are much more strategic, not just number crunchers.
Thank you for your insights! We couldn't agree more. This post perfectly captures the evolving role of the CFO! As we highlighted in our article on corporate finance trends, modern CFOs are strategic enablers driving innovation and growth. Read more here: https://www.mobilexpense.com/en/blog/corporate-finance-trends
Wouter Born Great insights, Wouter! The shift from traditional to modern CFO practices is pivotal, especially as companies navigate rapid changes in technology and market dynamics. At Nexteam, we’ve seen a growing demand for finance professionals skilled in both AI-driven forecasting and strategic planning. Curious what trends do you see shaping the CFO role over the next 5 years? Let’s keep the conversation going!
This is spot on! The role of the CFO has evolved into a driver of innovation and strategic growth. Modern CFOs don’t just manage numbers. They shape the future by embracing technology, collaboration, and long-term vision.
Modern CFOs don’t just adapt—they anticipate. Beyond this, they actively cultivate cross-functional insights to drive innovation and competitive advantage!
Wouter Born great insight, Modern CFO can add value in: Sustainability • Leverage blockchain • Enhance cybersecurity,
The role of CFO has truly evolved. Strategic partnerships and innovation now define success.
It’s all about adapting to what you need to be!
GP at Born Capital | CFOTech Investor, Advisor & Entrepreneur. Follow me for posts about CFO insights and FP&A.
1wSide note: Join my newsletter if you're interested in high-level finance insights and leveraging AI → https://lnkd.in/dvAcXufs (coming soon.)