Tag: CFO

Enterprise software used to be a decision within the IT lifecycle. However, it is no longer just that. Core platforms such as ERP systems, databases and virtualisation have become embedded in how organisations recognise revenue, control costs and satisfy regulators. These platforms are not back-office systems. They are financial infrastructure. Increasingly, they are dictating capital allocation in ways many CFOs did not sign up for.

Artificial intelligence has constantly been written about for the past three years. The hype, the digital transformation it promises, the productivity gains, and the threat to jobs, particularly in professional services, and finance, specifically. It is a topical and sometimes divisive subject.

The Chief Financial Officer (CFO) role has moved decisively beyond compliance. In a volatile, data-driven economy, finance leaders must now shape strategy, guide decisions and help businesses respond to disruption in real time. The shift is clear. CFOs no longer only report numbers. Instead, they interpret them and explain what could happen next.

There’s a disconnect in many businesses right now. IT teams face pressure to deliver refresh cycles, upgrades and infrastructure rollouts on schedule. At the same time, CFOs must control costs and protect cash flow. On paper, both groups are doing exactly what they should do. However, the numbers they work with no longer reflect reality. Most IT budgets today rely on assumptions that no longer hold.

One of the single scariest challenges for a growth business is when they must make the calls to “level-up” on their talent within their organisation. The standard monthly cost for an experienced Chief Financial Officer (CFO) is between R2m and R5m per annum. Gulp. For a growth business this represents a very significant investment. Not only are you bringing in an expensive resource, but this is also a person who will interrogate your business in a way that your current bookkeeper or accountant never has.