{"id":11643,"date":"2024-08-14T04:15:33","date_gmt":"2024-08-14T08:15:33","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?p=11643"},"modified":"2024-08-14T04:31:01","modified_gmt":"2024-08-14T08:31:01","slug":"secrets-successful-cfos","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/secrets-successful-cfos\/","title":{"rendered":"Unlock the secrets of successful CFOs\u00a0"},"content":{"rendered":"\n<div style='position: relative;width: auto;padding: 0 0 412.11%;height: 0;top: 0;left: 0;bottom: 0;right: 0;margin: 0;border: 0 none' id=\"experience-66a8eb694222b\" data-aspectRatio=\"0.24265403\" data-mobile-aspectRatio=\"0.07901668\"><iframe allowfullscreen src='https:\/\/view.ceros.com\/sage\/from-ledger-to-leadership-en-ca?heightOverride=5275&#038;mobileHeightOverride=6834' style='position: absolute;top: 0;left: 0;bottom: 0;right: 0;margin: 0;padding: 0;border: 0 none;height: 1px;width: 1px;min-height: 100%;min-width: 100%' frameborder='0' class='ceros-experience' title='From ledger to leadership_EN-CA' scrolling='no'><\/iframe><\/div><script type=\"text\/javascript\" src=\"https:\/\/view.ceros.com\/scroll-proxy.min.js\" data-ceros-origin-domains=\"view.ceros.com\"><\/script>\n\n\n\n<noscript>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-unlock-the-secrets-of-successful-cfos\">Unlock the secrets of successful CFOs<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With tech reshaping financial strategy, CFOs are pivotal in driving corporate innovation and growth. Empower your leadership with the transformative power Sage Ai can deliver. Master the tech-finance fusion and propel your organization forward.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-fusion-of-tech-and-finance\">The fusion of tech and finance<strong><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Understand how CFOs have grown to become pivotal strategic powerhouses driven by tech and AI with our interactive cards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Shifting to strategic financial management &#8211; <\/strong>1990s: introduction of ERP systems<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ERP systems integrate with the cloud tech, letting CFOs access real-time financial data, boosting strategic decision-making and operational agility.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Real-time data and predictive analytics &#8211; <\/strong>2000s: rise of data analytics<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Data analytics tools help CFOs predict financial trends and make data-driven decisions that align with long-term business goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Enhanced<\/strong> <strong>efficiency &#8211; <\/strong>Late 2000s to 2010s: AI-driven automation<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sage Ai supports Accounts Payable (AP) automation and outlier detection, streamlining operations, enhancing financial accuracy, and providing crucial insights into financial anomalies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Advancements &#8211; <\/strong>2000s: introduction of generative AI<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Generative AI transforms CFOs&#8217; approach to financial data and decision-making, highlighted by the release of Sage Copilot.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The power of Sage Ai<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Use Sage Ai to manage global financial operations efficiently, enhance financial visibility, and drive strategic decision-making, empowering your journey as a future-ready CFO.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-advance-your-role-using-finance-tailored-tech\">Advance your role using finance tailored tech<strong><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The secrets of Successful CFOs report highlights how innovation is crucial for success. In today&#8217;s world, your financial expertise is only as good as the tech you use.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Do you need to fast track your tech know-how?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">81% of finance leaders say automated processes frees them to focus more on strategy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">78% view tech as critical for success in the coming 3 years<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Stress vs. success. Have you got the balance right?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">84% understand that personal growth and organizational success complement each other<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">82% of CFOs are motivated by their own personal success<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Discover why agility is the secret to a successful CFO.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">85% of CFOs say they&#8217;ll become more involved with strategy for the overall business<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">79% of successful CFOs prioritize problem-solving skills in modern finance<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Visionary leadership for the future<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">96% of CFOs anticipate significant role changes. Adopt new strategies and technologies to lead future transitions effectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Time management in key areas<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Significant time spent on operations and problem-solving. Automate routine tasks to focus on strategic decisions and high-value activities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Increased collaboration demand<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">57% of CFOs expect more collaboration. Align with executives and boards using strategic tech tools.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Emphasis on cyber security and big data<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">86% of CFOs prioritize cyber security. Use big data analytics to secure and leverage data for a competitive edge.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Use AI and machine learning<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">79% believe AI will revolutionize finance. Enhance financial reporting, scenario planning, and predictive analytics.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Keep ahead of trends<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Become effective modern Chief Financial Officers. Use AI tools to anticipate market shifts and adjust your financial leadership strategies.<\/p>\n\n\n\n<\/noscript>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p class=\"cta-content__title\">Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-8949a954-88b2-43bb-8b8a-77c53eb34350\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/cfo\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tCFO\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/cfo-3-0\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tCFO 3.0\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-14929 post type-post status-publish format-standard 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https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/01\/iStock-502937784-1024x683-1-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/01\/iStock-502937784-1024x683-1.jpg 1024w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-03-05T08:51:09-05:00\">March 5, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">5 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tBest practice accounting for real estate 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srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShootLDN_Jul2022_ProfSvcs_0778-original-684x384.jpeg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShootLDN_Jul2022_ProfSvcs_0778-original-768x512.jpeg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShootLDN_Jul2022_ProfSvcs_0778-original-1214x810.jpeg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-02-17T06:54:52-05:00\">February 17, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">5 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tThe 6 trends shaping the insurance industry in 2025\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Discover the key insights of our Secrets of successful CFOs report with our interactive walkthrough of the 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