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Analysis on the Way to Become the Strategic Driver of Enterprise through Digital CFO

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DOI: 10.23977/ferm.2023.060902 | Downloads: 13 | Views: 396

Author(s)

Ye Xiaoling 1

Affiliation(s)

1 Graduate School, International College, Krirk University, Bangkok, Thailand

Corresponding Author

Ye Xiaoling

ABSTRACT

The global market environment is volatile and new challenges are constantly emerging. Not only is the company's operating business being challenged by this, but the finance function is also facing a fundamental realignment, and the role of the chief financial officer (CFO) has changed with it. Transactional and repetitive processes in financial accounting are being digitized and automated. The organization became more agile, adapting its processes to quickly adapt to changing circumstances. aLonger-term considerations are increasingly important in order to meet the information needs of various stakeholders, from customers to investors to employees. Large amounts of data create new insights for companies. They enable more accurate predictions and scenario simulations for data-driven, fact-based decisions.

KEYWORDS

CFO, CVO, digital, value, function

CITE THIS PAPER

Ye Xiaoling, Analysis on the Way to Become the Strategic Driver of Enterprise through Digital CFO. Financial Engineering and Risk Management (2023) Vol. 6: 16-20. DOI: http://dx.doi.org/10.23977/ferm.2023.060902.

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