Now, more and more startup is coming up. The existence of this startup led to digital disruption. For example, how startups like Go-Jek, Uber and Grab disrupt the transport industry.
Oracle considers, the position of financial director is suitable held by millenial.
Metrotvnews.com, Jakarta: Now, more and more startups are coming up. The existence of this startup led to digital disruption. For example, how startups like Go-Jek, Uber and Grab disrupt the transport industry.
In March last year, thousands of mass of Land Transport Driver Association (PPAD) packed the front of Ministry of Communication and Information building. The reason, they want the government to ban the existence of application-based transportation companies.
The transportation industry is not the only industry that suffers from disruption. In fact, about 83 percent of businesses in Asia Pacific consider startup a “threat” to them. In addition to digital disruptions, there are other things – such as the US withdrawal from the Trans-Pacific Cooperation and the slowdown of GDP growth in China – which makes it difficult for companies to find the right strategy to not only survive but grow.
Therefore, the position of CFO or Finance Director becomes increasingly important. If the former CFO only served to keep the ledger and become a corporate accountant, now they should also be able to steer the company to the right path.
“In addition to routine tasks such as managing budgets and preparing financial reports, CFOs are increasingly expected to be strategic drivers in the car of business growth and innovation – carrying the task of realizing digital transformation and attracting as much value as possible from the company’s operations.Here’s the Future CFO,” Mahadevan Natarajan, Sr Director of APAC Enterprise Performance Management Business, Oracle.
Mahadevan explains, later, CFO is not only responsible for financial and reporting in the company. “Their role is precisely to ensure that the financial, functional, and operational aspects of the business are unified to demonstrate the value and optimal performance to the role holders,” he said.
This is evidenced by research conducted by Oracle. Based on the research, 52 percent of the finance director admitted that they were also asked to provide business advice on how to achieve growth in the company.
According to Mahadevan, in the future, millenial generation would be suitable to become a CFO. The reason is because they are armed with a bolder approach and a high focus in finding innovative ways to move the business forward. In addition, millenilai is also more likely to believe in technology.