Transformation Summit Addresses Crucial Role of Digital CFOs and Chief Risk Officers in Navigating Evolving Business Landscape
In response to the dynamic shifts in the business landscape driven by technological advancements and global uncertainties, Trueventus announces the Digital CFO and Chief Risk Officer Summit. This summit aims to provide valuable insights and strategies for finance and risk professionals to steer their organizations towards successful digital transformation and emerge stronger amidst challenges.
In recent years, the roles of Chief Financial Officers (CFOs) and Chief Risk Officers (CROs) have undergone significant evolution. Technological advancements and the increasing importance of data-driven decision-making have elevated the stature of CFOs, positioning them as pivotal forces in ensuring the relevance of their companies. These digitally savvy CFOs, often referred to as “Digital CFOs,” possess the capability to predict financial patterns in unprecedented ways, fundamentally reshaping their roles and ushering in an era of strategic leadership and adaptability.
Clayton Christensen, an academic from Harvard University, forecasts that “75% of the current S&P 500 companies will likely be gone from the list by 2027,” emphasizing the imperative for companies to adapt or perish in the face of digital frontiers. This digital wave extends beyond the CFO’s realm, impacting all areas of business. According to PwC’s report, 47% of CFOs prioritize building predictive models and scenario analysis capabilities.
In parallel, the role of Chief Risk Officers has never been more crucial, particularly in today’s dynamic and unpredictable business terrain. With organizations contending with enduring impacts of the COVID-19 pandemic, the prospect of a recession, geopolitical uncertainties, and swiftly changing landscapes, precise and timely management of risks has become a focal point.
Innovations in AI and analytics play a pivotal role in recognizing and mitigating potential threats to businesses. According to PwC, a notable 62% of risk personnel acknowledge that shifts in technology and data policies are the primary drivers of substantial changes in their businesses. Organizations must be ready to confront emerging risks and the continually shifting demands and demographics of customers to successfully navigate this new era.
The Digital CFO and Chief Risk Officer Summit by Trueventus will address the transformation journey of finance departments, providing risk professionals with insights and strategies for future-ready risk management. C-Suite professionals can engage with leading CFOs and CROs to effectively digitize their finance departments,
navigate disruptions, and gain a competitive advantage in the ever-changing business landscape.
Join us for discussions on steering your organization towards successful digital transformation and emerging stronger in the new business landscape at the Digital CFO and Chief Risk Officer Summit by Trueventus.
For more information and registration, visit
https://drive.google.com/file/d/14cnRj4Sw1H2zcKKMyiBbNO3rK8S9r 6J/view?usp=sharing
Published on May 20, 2024.
Stay tuned for new blogs every Monday!
Follow the iMPACT Magazine on social media for more informative content.
