Weathering the Storm: Forecasting How Data & Analytics Impact Modern Credit Teams
More and more, CFOs are going on the record stating their goal is to facilitate sales and uncover new revenue opportunities, not simply to serve as Keeper of the Purse Strings.
The strategic use of data is the cornerstone of all this change. This new, modern CFO has been able to successfully tap into their company’s stockpiles of digital information to mine it for sustainable growth - not just to manage risk and profitability but to fuel sales and inform their company’s overall data strategy. A strong partnership with the CIO – aka Keeper of the Data – predicated this change. The CIO and his or her team maintains the technology that houses the data, but it’s the CFO’s ability to leverage the data for insight that has made them a valuable business asset and one of the harbingers of innovation.