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Today Date : Wednesday, July 17, 2024

Krea University and D&B Study maps CFOs' changing roles and priorities

Krea University and D&B Study maps CFOs' changing roles and priorities

 Availability of skilled person-power remains one of the biggest worries for CFOs.    MBA is a career accelerator and in Nifty 250 companies, 47% of CFOs with an MBA are under 50 years, as compared to 35% of CFOs with non-MBA qualification for FY 2022, according to a study by the IFMR Graduate School of Business at Krea University and Dun & Bradstreet (D&B).

Titled “The Future CFO: Changing Roles, Changing Goals”, the study's finds that
from traditional CFO-led activities—accounting and auditing, financial analysis and planning, investor relations, financial risk management, product pricing and regulatory compliance,   86% CFOs gave high importance to digital technologies such as analytics, 
artificial intelligence, blockchain, and cloud-based systems that are increasingly deployed to help CFOs transition from “systems of record” to “systems of engagement and intelligence”. This calls for new-age competencies largely driven by new-age technologies which MBA courses should impart.

In FY 2022, there was no woman CFO in Nifty 50 companies, and the number was less than 5% in Nifty 250 companies.Mr. Ramkumar Ramamoorthy, Pro Vice-Chancellor for Professional Learning at Krea University,said, “ This study delves into the skills, attributes and actions required of new-age CFOs to transform their organizations into purpose-led brands, drive profitable growth, enhance stakeholder satisfaction, and increase competitive differentiation.”