#FinanceMaster
S10 Ep9: CFO, How Are You Planning for Success?
Jun 5, 2024
Join Jan-Philipp Menke from Jedox as he highlights the key shifts CFOs should make in their planning process. Topics include strategic planning, data utilization, collaboration, driving quick results, influencing business processes, change management, and navigating company restructuring.
28:05
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Quick takeaways
- CFOs must shift to new planning processes to cope with uncertainties and prioritize financial planning as a key concern.
- McKinsey's research outlines crucial shifts for CFOs to drive strategic value creation, including bold moves and ensuring adequate liquid resources.
Deep dives
Challenges Faced by CFOs in Planning Amid Volatile Times
In a world marked by constant upheavals and unpredictable events, CFOs are confronted with the daunting task of company planning and forecasting. The mantra of only releasing forecasts when future outcomes can be reasonably anticipated poses hurdles for CFOs embracing a new reality. The episode emphasizes the need to shift from outdated forecasting methods that penalize inaccuracies to instituting new success criteria, prioritizing financial planning as a top concern for CFOs.
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