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FP&A Today
IBM CFO’s powerful lessons for getting FP&A into Owner Mode
Sep 24, 2024
Ravikumar Ramanan, former CFO of IBM India and author of 'The CFO Lens', shares transformative insights for finance professionals seeking to excel. He emphasizes the shift from traditional roles to a more hands-on, owner mindset that drives strategy execution. Ravikumar discusses the importance of storytelling in finance, balancing good and bad costs, and prioritizing sustainable growth over short-term gains. He offers valuable advice for success at any career stage and shares his favorite Excel functions to enhance financial analysis.
55:40
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Quick takeaways
- CFOs are expected to transition from a traditional oversight role to actively owning business outcomes by engaging in execution.
- Proactive involvement in strategy execution and monitoring ensures alignment and enhances the effectiveness of financial decisions.
Deep dives
Transforming the Role of CFO in Business Growth
CFOs are increasingly seen as accelerators of business growth rather than mere overseers of expenses. This shift involves a significant change in mindset, as finance professionals must embrace ownership of business outcomes rather than acting solely as support functions. To drive growth effectively, CFOs are encouraged to move beyond traditional roles by actively engaging in strategic initiatives and taking on responsibilities that contribute directly to organizational success. Examples of this include CFOs proactively participating in the execution of strategic plans and collaborating closely with business unit leaders to ensure shared accountability for performance and outcomes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode