The finance directors of 2030 will need better people skills than their counterparts of today normally have, and be less focussed on technical accounting, a session at the CIPFA conference has heard.
A discussion on the finance professional of the future was told these roles would be defined by flexibility, increasing levels of automation and real-time reporting and be at the centre of organisational performance.
Mark Nitler, vice president of finance technology firm Workday, told the Manchester meeting that finance directors were responsible for transactions processing, governance and “business partnering where we add value”.
The time invested on these activities was though “upside down, much more time is spent on transactions than on business partnering” even though the later was what most professionals would wish to do.
He predicted: “The new role of the CFO will move from control to value added in the long-term.