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Stock impact report

Why The Chief Accounting Officer Role Is Getting More Strategic [Forbes]

BlackLine, Inc. (BL) 
NASDAQ:AMEX Investor Relations: investors.blackline.com
Company Research Source: Forbes
At a seminar I recently attended, the role of the CFO was split into four categories. Only one involved the CFO's traditional stewardship role in closing the books correctly, ensuring compliance with financial regulations and communicating value and risk to investors and boards. The other three captured a CFO's growing strategic responsibilities. Finance chiefs have long been CEOs' strategy partners. Now, with automation and data analytics converting financial figures into business insights, CFOs are becoming strategy partners of corporate leaders in operations, IT, sales, marketing, distribution, HR and R&D, among others. Since CFOs oversee budgets, financial systems and data management, their monopoly on financial information affords an invaluable global view on the strategic impact of each function's investments, advice that is in great demand. What happens at the top of the mountain has a way of rolling downhill. As finance chiefs become de facto strategic advisors across ope Show less Read more
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