A recent survey from global consulting group McKinsey, reveals that the CFO’s role is evolving and growing in influence.
The study, which McKinsey conducts every two years, indicates that the role of CFO is expanding in scope, requiring new capabilities, and demanding greater collaboration with C-suite peers.
This change is attributed to the changes and challenges that have been affecting the business community over the last 3 years.
“This time of change represents an opportunity for the CFO to have disproportionate impact, becoming a copilot of the business with the CEO,” explained McKinsey’s Ankur Agrawal.
We have over 100 associates operating in the midwest and southeast, guiding small businesses and our CFOs have experienced this first-hand. With their bird’s-eye view of the company’s finances and operations, they are in position to provide the data and insights that drive transformation and help business leaders make decisions.
What This Means for Small Businesses
We are living in a very uncertain, volatile time and it has never been more important for business owners to have a good copilot by their side. A CFO can look at where you’ve been and provide strategies for where you want to go.
We believe that this level of financial guidance is vital to businesses of all sizes, which is why we’ve built our company to provide C-level support that is tailored to small and medium businesses a fractional basis.