As fractional CFOs, our role increasingly focuses on longer-term planning and leveraging technology, including the potential of generative AI. This shift allows us to act as strategic thought partners to CEOs while helping businesses adapt to changing demands.
Balancing Priorities: Short-Term vs. Long-Term Focus
While we still manage immediate financial concerns such as:
- Budgeting and forecasting
- Scenario planning
- Financial risk management
- Cash management and capital structure
- Financial reporting and compliance
…the next 12 months will require CFOs to focus more on strategic planning and resource allocation. Specifically, we expect a shift towards:
- Driving operational value and managing KPIs
- Supporting long-term business strategies
- Aligning resources with strategic priorities
- Leveraging dashboards and performance reviews to track progress
Technology and AI in Finance
To scale efficiently, businesses need to digitize finance processes. Many of our clients have started this journey but face challenges such as heavy workloads, limited capabilities, and resource constraints. The finance function is evolving, and we’re excited about the potential of generative AI to shift from manual analysis toward enhanced leadership and strategic decision-making.
Supporting Clients with Change Programs
Our Commercially Experienced Fractional CFOs frequently assess and redesign finance processes to improve efficiency, data accuracy, and insights. With our experience in long-term strategic planning, we help businesses unlock new opportunities by aligning operations with future goals.
Let’s Talk About Your Business
Are your finance processes prepared for the future? If you’d like to learn more about how we can help, reach out to us at info@stewartsmithadvisory.com.