Asia: CFOs need to be nimble and data-driven
Source: Asia Insurance Review | Apr 2018
The ability to adapt to the unexpected quickly and seamlessly is a major priority for today’s financial executives. In order to adjust course, decision makers must have a top-down perspective that makes it easy to account for every variable and hence be nimble and flexible.
That is one of the findings of a CFO survey where financial executives of several large and mid-sized companies were asked of their top priorities for 2018.
Aside from being flexible, companies are faced with a situation whereby upstart competitors and market forces are forcing them to cut costs and increase profits at the same time.
Data & automation
Treating data like a mission-critical asset is a priority for almost all the CFOs surveyed. Forward-thinking CFOs understand that automation is a way to speed up workflows while reducing errors. Finding ways to introduce automation that is both effective and accessible is a 2018 priority that lays a foundation for the future of accounting.
To find out what the priorities for insurance CFOs in Asia ought to be, do contact the Asia CFO Insurance Summit jointly organised by Asia Insurance Review and EY.