Transforming the CFO Role with AI

This chapter explores the transformative impact of AI on the roles of CFOs and COOs, highlighting how automation can streamline tasks and enhance decision-making. It discusses the evolving responsibilities of modern CFOs, emphasizing their transition from traditional scorekeeping to strategic leadership akin to architects of business models. The conversation also underscores the importance of integrating human insight with AI technology to drive collaboration and improve financial operations.

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Jim Cook, Netflix co-founder, former CFO of Mozilla, early employee at Inuit, executive coach, and author of Substack Cook’s Playbooks, returns to the podcast for the third time. In this episode, he breaks down the evolution of the role of CFOs from traditional scorekeepers to more strategic and operator roles, before looking ahead at what’s to come. This episode is packed full of helpful advice about transparency, building trust, authenticity in your executive role, and why “fake it till you make it” is actually bad advice. Looking at the future of the CFO role, Jim explains why he believes there will be no need for both COO and CFO roles in an organization, the biggest mistake a CFO can make at this time, and how CFOs should be adapting in order to succeed in this next era.

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@cjgustafson222 (CJ)

LINKS:

Cook’s Playbooks

www.benchboard.com

Jim Cook on LinkedIn

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TIMESTAMPS:

(00:00) Preview and Intro

(01:37) Sponsor – Planful | Brex | Vanta

(05:49) CJ’s Career Growth Since First Interviewing Jim

(08:35) Making Finance Transparent