In late July, CFO.com’s David McCann detailed the characteristics of today’s “new breed” of CFOs. And not surprisingly, Cloud finance software is playing a vital role.
“These folks tend to spend less than half of their time on traditional finance functions like reporting, treasury, tax and investor relations,” McCann wrote.
It’s no coincidence that his analysis of modern-day CFOs falls directly in line with many of the benefits Adaptive customers continue to realize every day via Cloud technology.
Take ACCESS Community Health Network for example – Chicago’s largest private healthcare provider for the underserved, and the nation’s largest community health center organization. According to Manager of Analysis Karen Wesley, ACCESS was able to reduce its budget process timeline by exactly 50% with Adaptive Planning.
In his piece, McCann went on to describe the desirable CFO characteristics that fast-growing, innovative companies are now looking for.
“They engage in minutely detailed data analysis, drive the sales process and act as lead executors of the company’s business model and overall strategic direction.”
Such detailed analysis requires easily consumable data analytics; visual analytics. Therefore, it’s easy to understand the .correlation between the up-rising of the New Breed CFO, and the explosion of visual analytics.
And in order to drive the sales process, today’s CFOs realize that Cloud technology is not just recommended, but required. Cloud-based CPM & BI software offers the cross-department collaboration needed to efficiently drive sales. And when proper integration features are added to this Cloud technology, New Breed CFOs can easily include departmental data into broader financial reports.
The result is a clearer view of overall business performance and the ability to make smarter, more efficient decisions.
Save The Date: Join us on Sept. 18 for our “Driving Great Innovation in Finance Technology” webinar, during which Adaptive experts will detail how our Adaptive CPM & BI suite can help you and your business adapt to the new financial models of today’s most successful companies. Registration details coming soon!
In the meantime, check out 10 reasons to register for the Adaptive Planning Roadshow, beginning Sept. 11 in San Francisco! Day 1 at each location is free, and early bird discount rates for Day 2 tech workshops with Adaptive experts are available through Aug. 23. SIGN UP Today!