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Become visionary. Become CFO 3.0

The finance function is evolving. Discover how trailblazing finance leaders are driving a digital-first agenda.
CFO 3.0 header: illustration of woman sitting and looking through telescope

Key report statistics

87% of senior financial decision-makers play a role in digital transformation and say that emerging financial management technology is key to success in their role
44% of businesses said COVID-19 increased demand for their services, and 78% reported revenue growth in recent months
90% of senior financial decision-makers have adopted emerging technologies in some form

CFO 1.0. The historian

You’re at the start of your digital journey, and looking backwards into the rear-view mirror.  

  • As a strong individual with high financial acumen, you’re a historian of past performance 
  • Your role reflects the traditional view of the finance professional as a historian of company financial data and past performance. 
  • 12% of senior finance decision makers say they struggle to adapt to their new roles and responsibilities that have evolved over the past 2 years 

CFO 2.0. The real-time analyst

You have modern financial tools to automate your finance function. You’re able to help the business strategically. 

  • You use real-time data and dashboards to provide the support and analysis needed to help a business improve operational and management performance. 
  • You add the “why” to what happened, helping the organisation use data to gain strategic insights. 
  • 64% of CFOs spend more time analysing data than they do gathering and processing it

CFO 3.0. The visionary

We’re entering a new era where artificial intelligence and machine learning brings us to a new phase of finance. 

  • You use data and emerging technology to create a vision of the future of the business, and may well be in the driving seat of transformation. 
  • Instead of simply using a rear-view mirror, you’re using data and predictive analytics to look ahead and plot a new direction.  
  • In 75% of businesses, it’s the CEO who drives the overall strategy, with vital input, insight, and direction from the CFO and CIO. This suggests that digital transformation is no longer the sole responsibility of the CIO and is central to business strategy

Welcome to the era of CFO 3.0

Our report CFO 3.0: Digital transformation beyond financial management, preparing the finance function in the wake of COVID-19, based on a survey of over 300 South African senior financial decision makers, provides unique insight into the CFO’s evolving role in driving digital transformation. 

Download this important research for original insight into the evolution of the CFO.

  • COVID-19 shifted the responsibilities of the CFO, accelerated digital transformation, and amplified challenges around remote working, compliance, and cyber security
  • But South African CFOs are confident. In technology, in the future, and in themselves
  • Powered by financial management and emerging technology, all the senior financial decision-makers we spoke to are looking ahead – and they like what they see
CFO 3.0: Digital transformation beyond financial management: e-book cover image - photo of smiling man sitting in office, with mobile phone

Built for finance professionals by finance professionals

Designed in the cloud, Sage Intacct empowers your business with the finance technology you need to become a CFO 3.0 and develop a culture of innovation that impacts your entire organisation.

Sage Intacct provides CFOs and finance teams a powerful solution that offers:

 

  • Deep multi-dimensional accounting and automation for efficient financial operations
  • Sophisticated visibility for real-time decision making
  • Best of breed, easy integration to other solutions
  • Fresh and modern user interface
  • Real-time reporting across hundreds of consolidated entities

Becoming CFO 3.0: Latest advice and insights

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Digital transformation is about mindset and possibilities

Organisations need to adopt the agile decision-making mindset that Silicon Valley is renowned for where management lacks the right mindset to change and the company’s organisational practices are flawed, a digital transformation process may simply result in magnifying those flaws rather than transforming them. Digital transformation has to be viewed as a continuous process and […]

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How CFOs can set their businesses on the track to recovery

How CFOs can set their businesses on the track to recovery

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We time-travelled to 2025 and learnt about the Digital Finance Future

We time-travelled to 2025 and learnt about the Digital Finance Future

We put Pieter Bensch, EVP, for Africa & Middle East at Sage, in a time machine and sent him to 2025. COVID-19 is a distant memory, but we learnt a lot. Now, here we are, five years later, and it’s a good time to reflect. Describe ‘business as usual’ in 2025. How does it compare […]

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The Digital Finance Future: Transformative change is coming

The Digital Finance Future: Transformative change is coming

COVID-19 exposed wasteful expenditure and inefficient processes across the finance function; issues we may not have noticed if we weren’t forced to work differently. If anything, the widespread disruption caused by COVID-19 has proven that businesses must be ready to adjust their strategy as new challenges and opportunities arise. And the finance team plays a […]

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How NPOs can use tech to attract donors and make a bigger impact

How NPOs can use tech to attract donors and make a bigger impact

Digital transformation can help charities and non-profits increase donations as well as measuring and demonstrating the results of their work.

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Digital transformation: The biggest shift in the CFO’s role in a decade

Digital transformation: The biggest shift in the CFO’s role in a decade

CFOs face new complexities due to the COVID-19 pandemic. This includes managing a remote workforce as well as an expanding security and compliance mandate. In fact, we’re witnessing the third major evolution in the role of senior financial decision-makers. The evolution of the CFO The first “edition” of the CFO focused mainly on keeping the […]

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[Research] CFO 3.0: Digital transformation beyond financial management

[Research] CFO 3.0: Digital transformation beyond financial management

The world of business is changing at a rapid pace. And for the finance department, that sentiment couldn’t be clearer. As we move to a digitised world, financial descison-makers in South African businesses are leveraging innovative technologies like AI and automation to enhance their role and increase productivity. However, the next step is to become […]

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SA businesses showing resilience – in a time of massive disruption – a CFO’s view

SA businesses showing resilience – in a time of massive disruption – a CFO’s view

COVID-19 has catalysed the single biggest shift in the role of financial decision-making in the past decade. It accelerated digital transformation and amplified the associated challenges for senior financial decision-makers – especially challenges around governance, remote working, and cyber security. Despite this, Sage’s annual research into the challenges and opportunities facing CFOs –CFO 3.0 – […]

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