The Changing CFO Role Requires Greater Collaboration with HR and IT
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The research gives finance, travel, and expense managers a quantified picture of the CFO role's expansion: collaboration between finance, HR, and IT is shaping employee experience, talent retention, AI investment, and cybersecurity. For travel and expense, the article notes that marrying data from solutions like Concu…
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- SAP Concur BlogThe Changing CFO Role Requires Greater Collaboration with HR and IT
SAP Concur research shows finance leaders are getting involved in areas where they traditionally had a lighter touch, and the strategic nature and crossover of C-level roles has increased. CFOs must ensure financial accountability and ROI across the organization, leading to collaboration with HR and IT on initiatives and spending. In the 2023 CFO Insights research, 87% of finance leaders said their crossover with HR is more significant than ever; in the 2024 survey, virtually every finance leader regarded the HR relationship as important, with top collaboration priorities including incentivizing high performers, diversity, and addressing the gender pay gap. With CIOs/CTOs, cost control (58%…