You’re watching a Future Office of the CFO Minute – where you’ll find timely perspectives designed to equip financial executives for strong, future-ready decisions. In this episode, Wayne Sadin, an Acceleration Economy Analyst and experienced CEO and Board Advisor, gives insight into what the CIO thinks of the CFO.
00:29 – Isn’t the CFO and Accounting function pretty well sorted out by now, can’t we outsource this role? Why do we need a full-time CFO function today?
00:35 – As a long-time CIO, this is fascinating for me, as CFO’s have always discussed outsourcing the IT function.
00:47 – Message to CFOs: TALK TO YOUR CIO. There is a gap between what you know and what they do, and what they know and you do. Your job as the CFO is to try and close that gap.
01:15 – Take the time to make sure the CIO understands that you are not just playing an accounting or auditing function, but that the Future Office of the CFO is very dependent on their technology expertise to define the business models being considered for the business