TCS CFO explains how the role of a finance head has been cha

TCS CFO explains how the role of a finance head has been changed by the pandemic


EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic
EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic
V. RamakrishnanMar 10, 2021, 10:02 IST
V. Ramakrishnan Chief Financial Officer, Tata Consultancy Services (TCS)TCS
A strong CEO-CFO partnership can determine the success or failure in digital transformation – especially in uncertain times like a pandemic.
With the right approaches, CFOs can help CEOs drive growth, manage risks, and boost organisational performance – starting with transforming the finance function.
Building a digital finance function will streamline financial reporting and accelerate and deepen a company’s ability to pinpoint both opportunities and threats.The Chief Financial Officers (CFOs) have been heavily involved in their companies’ digital transformations. Even with the COVID-19 pandemic, global spending on digitising business practices, products and services is expected to grow by more than 10% to reach $1.3 trillion in 2020. Now CFOs must work closely with chief executives to steer their enterprises through the worst economic crisis in a generation. This CEO-CFO partnership — whether it is effective or not — will determine whether enterprises can withstand the financial impact of this crisis and move their organisations forward.

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