The 7 Habits of Highly Effective CFOs

Technical and Behavioral Skills to Lead Your Business Forward

In the information era, the responsibilities of chief financial officers have shifted from simply managing internal controls to confidently discussing any aspect of the business. This white paper, created by Oracle NetSuite and advocated by Paapri, will highlight the habits that effective CFOs use to meet and exceed the demands of their ever-expanding role.

From maintaining a focus on long-term strategic goals to identifying opportunities (not just risks), this guide will offer tips on how to be a more efficient CFO, leading to both professional and business growth. Below are the habits featured in the white paper:

  1. Focus on Long-Term Strategic Goals
  2. Adhere to a Strict Code of Ethics
  3. Build and Maintain Relationships
  4. Identify Opportunities…not Just Risks
  5. Develop and Engage Your Team
  6. Become Data-Driven
  7. Scan the Horizon for What’s Next

“The most effective CFOs are just as focused on long-term growth as they are on financial controls, and they evaluate opportunities on the basis of potential revenue as well as costs.”

“The best CFOs emphasize transparency. They make sure staff understand corporate strategy and provide as much information as feasible during periods of disruption or uncertainty.”

“The highly effective CFO succeeds not just because they embrace innovation, but because they use it to achieve the organization’s financial and business goals.”

The most effective CFOs understand the importance of taking the long view, resisting the temptation to improve short-term financial results at the expense of long-term growth initiatives.

Start planning on how to improve your effectiveness as a CFO!

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