A year with war, inflation and recession lies ahead of us and it is more important than ever for the CFO to stand strong and prepared to lead the organization through whatever comes.

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These are the three most important things for you as CFO to do in 2023:

  1. Automate the processes

“Having a holistic perspective, being able to plan ahead, think strategically and delegate tasks is essential for a CFO. With the evolution of digitalization, more and more automation opportunities are emerging and to have the time and ability to look ahead and make forecasts, a CFO needs to ensure that the flow is seamless. Automate invoice processing, take control of outlays and expenses by digitizing the data and connect tools and systems to bring everything together in one place. Develop the company’s digital financial strategies, research what help is available in the market and lead the financial work into the future.”

  1. Develop your people skills

“Communication is not traditionally associated with a CFO, but today you need to be able to lead an organization forward, not least in financially unstable times like the ones we face. You don’t need to be an extrovert, but responsiveness and the ability to get others on board is important in your role.”

  1. Use the numbers

“Technology and data collection have allowed CFOs to move their positions forward. In the past, the finance department captured a lot of history; they sat with the books and summarized how the company had performed. Today, with the sophisticated systems support and analytical tools available, it’s to you as CFO rather than the sales manager that employees go if they want to look ahead and strategize based on financial projections. That’s why a CFO needs to spend most of his or her time on important analysis, strategy, and monitoring, not on compiling data and writing reports. Delegate the time-consuming work that can’t be automated. The work you put into analyzing and visualizing possible future scenarios is important for the company’s development.”


About Rillion

We make our clients’ jobs easier by letting them do more, with less. We call ourselves AP Automation experts, providing the proper tools to allow finance professionals to transform how they manage invoices – from data capture and requisitions, to invoice matching and approvals. We come from over 25 years of experience providing the best customer service in the industry resulting in a more efficient invoice process and peace of mind to Accounts Payable. To date, Rillion has supported over 3,000 companies across over 50 countries. For more information and to learn more visit www.rillion.com