This blog post goes into detail about the redefined Chief Financial Officer, what changes have occurred in the industry and how we can help you get the most out of your data.
Roles within businesses are changing all the time with external factors playing a huge part in this. Hybrid working has become the norm since the pandemic and ensuring teams have cloud based solutions and communication channels has never been more important.
Sage have released a whitepaper called ‘The Redefined CFO’ and in there Jonathan Howell, Chief Financial Officer at Sage goes on to say that businesses have moved on from the sole reliance of historical data to the utilisation of real time analysis. Chief Financial Officers have ‘moved on from just being holders of the purse strings and keepers of historical records to future focused strategists and advisors capable of providing guidance and commercial insight where their businesses need it the most’.
This blog post goes into detail about the redefined Chief Financial Officer, what changes have occurred in the industry and how we can help you get the most out of your data.
What does ‘The Redefined CFO’ from Sage suggest?
With more responsibilities, UK CFO’s must find ways to work smarter, not harder. The Sage whitepaper brought with it some interesting statistics:
- 80% of CFO’s have become more involved in digital transformation, environmental, social governance and diversity, equity and inclusion
- 78% have found they are supporting data and cybersecurity decisions, IT purchasing choices and strategy and future planning
- 51% of UK finance leaders say their organisations are prepared for integrating new technologies
- 49% of UK finance leaders say their organisations are looking to upgrade their software
- CFO’s now have more power to make more of a positive impact than ever before
The younger Chief Financial Officers climbing up the ranks are more interested in employee wellbeing and equality and the whitepaper suggests that the most important attribute of a CFO is versatility.
In this ever-changing business climate with lots of variation within the role it is extremely important to have business systems in place that are integrated, produce meaningful data and are reliable.
What solutions do we recommend?
We recommend Sage 200.
Sage 200 is a complete, trusted and reliable Business Management solution for small to medium sized businesses. It includes intuitive design, automated processes and built in tooling to customise and manage your sales funnel, inventory, manufacturing, finance and cash flow processes in one unified system, without the complexities of a bespoke ERP.
Sage 200 grants freedom of choice; supported by a network of Business Partners with many deployment methods.
- Manage your data wherever you are
- A business wide software solution
- Fast return on investment
- Get up and running quickly and easily
- Boost your productivity – analyse your data with already formatted, neatly presented data within a single click with the comforting environment of Excel
- Integration with Microsoft PowerBI – a connection that allows all raw Sage 200 data to feed into the largest business intelligence cloud in the world
Having a solution such as Sage 200 ensures you can trust the data and know that your business is in the hands of a robust platform that thousands of businesses use everyday.
What makes Onesys different?
There are many Sage Business Partners to choose from. Why would a business choose Onesys?
- The relationship we have with our customers is always at the front of our minds and there are no hidden costs in our contracts
- Internal development team – giving flexibility to our customers to bridge any functional gaps without the need for additional software
- Customer Success Manager – working alongside our Account Managers and there to offer assistance between Support and paid for consultancy
- You’re not just a number to us – our business size means we’re big enough to deliver and small enough to care
CFO’s time is more limited than ever with the extra responsibilities that come with the job. You can trust Sage 200 and you can trust Onesys.
In conclusion the role of the CFO (and many others) are becoming multi-faceted. Ensuring that there are robust, cohesive systems are in place is essential to businesses growing in todays climate. If you’d like to discuss Sage 200 in greater detail please call us on 01423 330335 Option 1 or email
sales@onesys.co.uk