A CFO’s Guide to Financial Automation — Benefits, Use-Cases & Impacts

This blog is published in Signity Solutions Timely and precise closing of books is certainly at the top of every CFOs list, and in most cases, it takes weeks for the finance and account department to accomplish that arduous task. Besides, it’s imperative for CFOs to match pace with transforming regulatory regimes and accounting practices around the world. All these, consume a lot of time and effort leaving not much bandwidth for what CFO’s actually be doing, like: Collaborating with the business lines Analysis Offering crucial cross-functional insights All in all, being a Chief Financial Officer means knowing much more than just advanced knowledge of Finance and Accounting concepts. Indeed, it means understanding how an entire company and the industry works and how you can make that company more profitable and competitive. Thus, it’s right to say, “ CFO’s wear multiple hats.” Furthermore, overseeing the financial activities of an entire company, the CFO acts as a catalyst instilli...