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mpouraryan
mpouraryan
3/11/2018 7:40:02 PM
User Rank
Platinum
Re: Digital CFO ==> ?
Here is the problem:   You'll have meetings about meetings--the CFO mentaility has to evolve as well in order for a rapid reaction to on-going challenges--there lies the challenge. 

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srufolo1
srufolo1
3/12/2018 12:05:09 AM
User Rank
Platinum
Re: Digital CFO ==> ?
@vnewman That sounds like a great idea for a tech committee, but I think the idea of the CFO beng more involved with technology has been a long time coming. After all, if they're in control of a corporation's purse strings, then they should understand the timeline of when technology is actually needed, and have knowledge of the technology they are purchasing. Maybe it requires more training, but that's the direction it appears to be going.

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Ariella
Ariella
3/12/2018 12:13:22 PM
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Author
Re: Digital CFO ==> ?
@mpourarayn I agree: meetings are usually productivity killers rather than boosters. They also tend to make people more cautious about presentation, I think.

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vnewman
vnewman
3/12/2018 6:53:40 PM
User Rank
Platinum
Re: Digital CFO ==> ?
It’s definitely not a cure-all but it does accomplish a few important objectives: It takes some of the pressure off of the CFO. while giving people at all levels of the organization a degree of input into the technological decisions that impact them.

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Ariella
Ariella
3/13/2018 12:48:00 PM
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Author
Re: Digital CFO ==> ?
I just read about what AT&T us doing for this, and I have to say I think it's a brilliant idea. So many companies pay lip service to valuing their people but in fact treat them as expendable, particularly when new skill set are needed. AT&T is investing in training its own people in the skills they need for digital tansformation. See https://www.cnbc.com/2018/03/13/atts-1-billion-gambit-retraining-nearly-half-its-workforce.html

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elizabethv
elizabethv
3/13/2018 5:23:44 PM
User Rank
Platinum
Re: Digital CFO ==> ?
@Joe, I would think the CFO, more than any other position would be in a vital role to ensure they know more about the company than any other position, including the CEO, who has almost always naturally relinquished some of his power to the CFO. But money of course fuels our entire way of life, and as such fuels entire businesses. If the person in charge of financing a business, doesn't know how that money is being spent, they're really just being lazy in their responsibilities. 

 

And on a lighter note, I really just hope your idea for a C-suite job also ensures there is also toilet paper in the lavatory. I see the absense of the latter as a larger breakdown of the entire company. So really it's a vital role. 

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vnewman
vnewman
3/14/2018 2:28:26 PM
User Rank
Platinum
Re: Digital CFO ==> ?
@Ariella. Well that’s refreshing news. The mindset for most companies is to outsource for specialized skills while overlooking the talent that is right under their noses if they were willing to invest in it a bit. Of course it is not possible in every situation nor is every person capable of learning new skill sets (or wants to). But there are plenty of people who do. The rapidly changing tech landscape may force companies to look inward more often than they have in the past.

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vnewman
vnewman
3/14/2018 2:36:24 PM
User Rank
Platinum
Re: Digital CFO ==> ?
As an aside - I’ve personally always felt that I am capable of doing plenty of different “jobs” other than the one I was hired for or what I was formally educated to be. Train me, give me a book or some online material, or just throw me into a situation and I’ll figure it out. So long as it’s not brain surgery. I’m pretty confident in my own resourcefulness, perseverance, and logical/reasoning skills. So what if I’ve never done something before? Watch me now! Am I the only one to think so highly of myself? 😄

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Ariella
Ariella
3/14/2018 2:48:02 PM
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Author
Re: Digital CFO ==> ?
@vnewman I just got off the phone with someone whose business is recruiting. He said that in his experience capable people can and will learn the skills they need. That especially holds true, he said, for software developers who can learn new languages as needed once they have the core capability. People empowered to hire who get hung up on only giving the job to someone who has that particular language on their resume rather than giving the chance to the person on hand to learn  lose sight of the bigger picture of capability.

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Ariella
Ariella
3/14/2018 2:58:22 PM
User Rank
Author
Re: Digital CFO ==> ?
@vnewman Back in 2010 big data was a new term to me, but within the next year I learned a lot about it, enough to make the list of bloggers specializing in the topic in 2012. In 2013 I had barely heard of bitcoin, but I was recruited to write on the topic for CoinDesk and so learned enough to do so. Now everyone's talking blockchain and crypto, but I studied up on it back in the day! So anyone who has some intellectual curisotiy, capability, and self-motivation can learn what they need to for their jobs.

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