Effective Decision Support | KPMG | DK

The CFO toolbox

The CFO toolbox

The key success criteria for the future CFO is having an efficient finance function.

The key success criteria for the future CFO is having an efficient finance function.

The key success criteria for the future CFO is having an efficient finance function

This includes effective and transparent registration and reporting of basic financial data, thus ensuring transparency of revenue and costs. In addition, it is a success criterion that the finance function is able to act as a strategic business partner for the business and management. To achieve this it is essential to optimise the finance function to be a successful CFO.

Several management tools and concepts should therefore be part of the CFO toolbox to ensure financial growth.

The following topics are covered:

  • Efficient cost management in relation to budget and business case 
  • Optimising profitability of products and customers 
  • Efficient project portfolio management that ensures realisation of expected value of investments and projects 
  • Optimisation of working capital based on efficient processes and management focus 
  • Effective framework for budget and forecasting process 

 

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