APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Corporate Finance
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    Editor's Pick (1 - 4 of 8)
    left
    Working from

    Eduardo Dowd, Group Chief Information Officer, WPP AUNZ

    What Organizations are Mistaken about Cybersecurity?

    Osman Faiz, CIO, Standard Chartered Bank Singapore

    Moulding Complete Business Solution through Netsuite Software

    Steve Hankins, EVP & CFO / CIO, Globe Express Services

    Go Lean and Fail-Fast

    John T. Marcante, CIO & MD, Vanguard

    The Power of IT in Business

    Senthu Saba, Regional Head of Tax, Louis Dreyfus Company

    Implementation of a Treasury Management System is Essential to Corporate Finance Activities

    Todd Gosserand, Vice President, Risk Management and Treasury Projects at TAQA Group

    Priority 2021: Achieving 100% Automation in Finance

    Ekaterina Sejourne, CFO, Puma Energy Asia Pacific

    The Future of Finance is not New Technology. It is People

    Deepak Chandran, Senior VP & CFO, International Business, Wipro Consumer Care

    right

    CFOs: No Longer Mere Corporate Scorekeepers

    L.R. “Skip” Sorenson, CFO, Imagine Communications

    Tweet
    content-image

    L.R. “Skip” Sorenson, CFO, Imagine Communications

    Focus on Robust Financial Model

    I believe the place to start is with a robust financial model or plan. Having a baseline of performance will enable any changes to be considered and a determination made of the impact to the business’s value. Modeling of changes to the firm’s strategy, developing new products, adding complimentary businesses, investing in a factory or machinery, etc. can quickly be assessed. We use an integrated financial model that allows us to determine how changes will affect income, cash, and overall shareholder value.

    "The key to Finance providing value to an organization is having a finance team that is high powered and very capable"

    The second area that a CFO needs to understand is what are the variables within the business that drive value and then add those “drivers” to the model in order to adequately simulate value generating activities. This is commonly known as identifying the “buttons, levers, and switches” that move the business.I have had the most success learning these influencing items by working directly with business unit or functional leaders and obtaining intimate knowledge of their businesses or functions. Spending time on the factory floor, sitting down with engineering, even taking a ride on a delivery truck can provide a better understanding of the value creators in the business. Lastly, real time metrics, dashboards, and “Key Performance Indicators” (KPIs) are key to driving the sought after performance. Having daily and weekly data to monitor performance against objectives allows an organization to make mid-course corrections. Waiting until the end of a month or quarter does not allow time for recovery if performance is off-track. These three areas- robust financial modeling, understanding the business drivers, and then monitoring them through data analytics can enable a CFO and their finance organization to have a seat at the table in driving “Shareholder Value”.

    tag

    Financial

    Weekly Brief

    loading
    Top 10 Corporate Finance Solution Companies - 2021
    ON THE DECK

    Corporate Finance 2022

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Cultivating a Sustainable Future through Collaboration

    Cultivating a Sustainable Future through Collaboration

    Jiunn Shih, Chief Marketing, Innovation & Sustainability Officer, Zespri International
    Mastering Digital Marketing Strategies

    Mastering Digital Marketing Strategies

    Tasya Aulia, Director of Marketing and Communications, Meliá Hotels International
    Building a Strong Collaborative Framework for Artificial Intelligence

    Building a Strong Collaborative Framework for Artificial Intelligence

    Boon Siew Han, Regional Head of Humanoid Component Business & R&D (Apac & Greater China), Schaeffler
    From Legacy to Agility Through Digital Transformation

    From Legacy to Agility Through Digital Transformation

    Athikom Kanchanavibhu, EVP, Digital & Technology Transformation, Mitr Phol Group
    Change Management for Clinical Ancillary Teams: Aligning Practice with Policy and Progress

    Change Management for Clinical Ancillary Teams: Aligning Practice with Policy and Progress

    Ts. Dr. James Chong, Chief Executive Officer, Columbia Asia Hospital – Tebrau
    Digital Transformation: A Journey Beyond Technology

    Digital Transformation: A Journey Beyond Technology

    John Ang, Group CTO, EtonHouse International Education Group
    Building A Strong Data Foundation: The Key To Successful Ai Integration In Business

    Building A Strong Data Foundation: The Key To Successful Ai Integration In Business

    Richa Arora, Senior Director Of Data Governance, Cbre
    Transforming Tollways Through People, Data and Digital Vision

    Transforming Tollways Through People, Data and Digital Vision

    Carlo Cagalingan, Chief Digital Officer and Chief Information Officer, Metro Pacific Tollways Corporation
    Loading...
    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://corporate-finance.apacciooutlook.com/cxoinsights/cfos-no-longer-mere-corporate-scorekeepers-nwid-4558.html