CFOs Are Expanding Their Responsibilities Beyond Finance: The Impact on Technology Vendors

This IDC Market Perspective looks into the scenario where CFOs are increasingly taking on roles beyond traditional finance, driving organizational strategy, risk management, and digital transformation. This shift impacts technology vendors, which must now offer integrated, multifunctional solutions that cater to CFOs' needs for advanced analytics, ESG tracking, FGRC, and cross-functional collaboration. Vendors must innovate and position their products as strategic enablers to meet the evolving demands of CFOs, who are now key decision-makers in technology investments."CFOs are evolving into holistic business leaders, driving digital transformation, ESG initiatives, GRC management, and strategic growth - reshaping the role beyond traditional finance." - Heather Herbst, research director, CFO Tech Agenda