Traditional CFO vs. Modern CFO.
Let's review the ten main differences...
No CXO role changes faster than the CFO role.
In two decades, demands have shifted dramatically!
Traditionally, the CFO was branded as a beancounter.
Now, the CFO has stepped out of this stereotype.
The modern CFO is a true business partner.
The remit expands well beyond Finance.
Let's look at what separates the two...
Ten characteristics of a Traditional CFO:
1. Financial stewardship
2. Cost control
3. Historical reporting
4. Silos
5. Risk aversion
6. Compliance-centric
7. Budgeting
8. Financial analysis
9. Transaction-focused
10. Limited technology emphasis
Ten characteristics of a Modern CFO:
1. Strategic partner
2. Value creator
3. Data-driven
4. Risk management
5. Innovation-oriented
6. Performance management
7. Digital transformation
8. Strategic finance
9. Change agent
10. Cross-functional collaboration
Is this also the development you have observed?
The EBITDA vs. Cash Flow Cheat Sheet.
Because EBITDA is Not Cash Flow.
And Cash Flow isn’t EBITDA.
Not Operating Cash Flow.
Not Financing Cash Flow.
Not Investing Cash Flow.
And not Free Cash Flow.
Men are happiest when they are making money, owning businesses, buying massive land, having a home gym, and building a big family.
Men in your 20s and 30s, read this...