10 Aug Report | Financial transformation as the key to fast growth?
While hyper-growth remains every executive’s dream, it lays bare the organization’s growing pains – particularly in the finance department.
In fact, McKinsey has found many CFOs feel their companies are not ready for rapid expansion, with 70% saying they don’t have the digital capabilities to be as competitive as their rivals over the next 5 years.
The role of the CFO – and finance leadership as a whole – is rapidly becoming a key driver of business value. Top-performing finance leaders aren’t just tallying value, they’re responsible for enabling it. And those who aren’t expanding the capabilities of their finance functions will struggle when the pace of growth hastens.
To make sense of these challenges and the opportunities, we asked: Why are some finance leaders reticent to embrace change? Why are top-performing CFOs prioritizing digital approaches over the traditional finance workflows? How is it possible for the finance function to not only pre-empt the pains of rapid growth but become one of the core enablers of it?
Inside you’ll find:
All quotes and ideas have been anonymised, as per club rules, so please feel free to share the report with colleagues, or on LinkedIn if you’d like.