Which are the new challenges that the Finance Community has to face in the new economy? What are the skills and the competences required for the 21th Century CFO? What has been the evolution of the Finance Role in the past decade?

1. FINANCE Roles
New Frontiers

2. Over the past decade the
Finance Function has
experienced an increasing
demand of different
qualification supporting the
business complexity.
Here by only few example 
Effective
Communication
Strategic Thinking
Risk Management
Business
Partnership

3. What has
driven the
Finance Role
in the past
and which are
the new
challenges?

4. Skills:
Double entry
Detail oriented
Payroll accountancy
Good Calligraphy
Typewriting
Tools:
Large Books
Old Caculators
Pen
Eraser, Stamps
Typewriter

5. Skills:
General Accountancy, familiar with VAT and
Banks operations, Ability with Computers and
Accounting Software Knlowledge.
Tools:
Personal Computer
Electronic Typewriter
Telefax, Photocopier

6. Skills:
General discipline of planning, budget,
accounting organization and internal controls
KPI and Cashflow monitoring and periodic
Reporting.
Tools:
Microsoft Office
Excel
Electronic Mail
T&E Corporate Equipment

7. Working
Capital
Focus
Leadership
Strategic
Partner

8. Finance Role
Performance Expectations
Greater
involvement in
decision-making
and business
strategies
orientation.
Focus:
supporting the
Business
Complexity and
Innovation.

9. Where does dwell the challenge to
create value?

10. CFOs New
Competences
orientation:
Socially competent
Team builder
Strategic Thinking
Digital Economy oriented
Analytic Talent

11. -Ability to influence and
lead projects and
business transformation
-Effective Communication
is a must to communicate
complex issues to
different levels, facing the
organizational changes
- As Business Partner
there is the need to be
prepared also on
commercial side and
Business Model.
Communication & Leadership skills

12. Indirect expeses optimization
Customized Metrics
Performance Scorecards
Risk anticipation
Forecasting
Deeper Focus

13. Cybersecurity:
collaboration with IT to protect the corporate performance from
Data breaches
Social Marketing:
attention on the Regulation for the careful and strategic usage of
Social Media
New objectives on the Finance desk

14. Shared Services migration
Focus on service contract negotiation
Change management
Agility with new technology Integration
Ability with Multicultural Team Coordination
Finance transform-action

15. Reputation: Risk and Opportunity
Senior Executive (CXO) have the burden to build and maintain an untainted
Company Reputation.

16. Reputation
Financial
Performance
Policy
Compliance
Customers
Satifaction
Products
Relialbility
Employees
Wellbeing
Management
Integrity
Investor
Trust
Reputation: what does matter?

17. Financial wellness
program implementation
supporting the employees
affected from any financial
stress
Measure employees
satisfaction or discomfort
paying attention on
Human Capital.
Focusing on key factors:
-Empowerment
-Purposes
-Motivation
-Reward
-Engagement
Measuring the Employees WELLBEING

18. The majority of the CFOs
spend time on different issues
tied to the other functions
such as: HR, Marketing,
Legal, Operation,
Procurement, Business, IT.
Priority management drives
results.
CFO represents the navigator
within the active and passive
cycle, and the key advisor on
investments and funds.
Time and priority management
makes the difference.
Time Management is critical

19. BIG DATA
Finance cannot ignore the infinite possibility
offered from Big Data and Analytics.
They are the new Allies for:
-the Market analysis
-the Business Forecast
-Customer reliability
-and lots more…