The Role of the CFO, Does AP Automation Help?

Today's CFO faces never ending pressures to grow revenues, ensure financial controls and reduce operational costs across the enterprise. This is no easy task for any CFO, who has to deal with things like economic uncertainty, increased regulatory requirements and increased scrutiny from investors. 

CFO's have a few diverse and challenging roles, Steward, Operator, Strategist and Catalyst. The traditional role require CFO's to preserve the assets of the organization by minimizing risk and getting the books right and running a tight finance operation that is efficient and effective. 

It's increasingly important for CFO's to be strategists, helping to shape the overall strategy and direction, instilling a financial approach and mindset throughout the organization to help all parts of the business to perform at a high level.

As Strategist, CFO's help influence the future direction of the company by taking a seat at the strategy planning table. CFO's are vital in providing financial leadership and aligning business needs and financial strategies to grow the business.

As Catalyst, CFO's can drive the execution of change within an organization. CFO's are in a position that allows them to drive business improvement initiatives such as enterprise process improvements, cost reductions, and innovations that add value to the business and affect the bottomline.

As Operator, CFO's have to operate an effective and efficient finance team that provide many different financial functions to the organization such as treasury, tax, sales, planning, analysis, accounts receivable and accounts payable. 

As Steward, CFO's work to protect the vital assets of the company, ensure compliance with financial regulations, close the books accurately and communicate value and risks to investors and boards.

With all of the challenges faced by today's CFO how can Accounts Payable Automation help? By leveraging current AP Automation technologies, finance departments operate at a much higher efficiency level, with lower overall operational costs than those finance teams relying on manual processes. 

The CFO can now be assured that financial rules, policies and procedures are being enforced by the AP Automation technology. This ensures that proper protections are in place, segregation of duties are enforced and compliance requirements are met. 

Since today's AP Automation solutions provide an extremely high-level of efficiency gains, finance departments are no longer burdened by time-consuming, error-prone, manual tasks and can now focus on financial tasks that will help CFO's to manage cash flow, monitor liabilities and make more effective business decision regarding the future growth and bottomline of the company. 

Vision360 Enterprise, by BlueCreek Software is one of the fastest growing AP Automation solution providers on the market. Our services and solutions are trusted by iconic brands like Welch’s and Yankee Candle and across all types of industries from manufacturing and retail to healthcare and high-tech. For more information about Vision360 Enterprise or any of our services and solutions please visit our website at www.Vision360Enterprise.com or contact us directly 603-437-1400.