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If AI cannot replace the CEO yet, perhaps the CFO is first? All you need is algorithmic financial engineering to ensure cashflow, unless I am out of touch and d
by avidphantasm 2y ago
If AI cannot replace the CEO yet, perhaps the CFO is first? All you need is algorithmic financial engineering to ensure cashflow, unless I am out of touch and don’t understand what a CFO doe, which is possible.
- TheNewsIsHere 2y agoThe role of CFO isn’t about just the spreadsheets. In large organizations most of that analysis and reporting flows across or up to the CFO, which is in large part a fiducial and leadership function. Of course a CFO does analyze and sign off on statements and reports. They know the numbers of a business even if they can’t tell you off the top of their heads how much R&D is paying for Buildkite. They’re also usually a human-in-the-loop to authorize transactions large enough to be C-level and require two signatures. A good CFO is very concerned and experienced in the nuance of business that isn’t captured in algorithms or databases. They are able to run a team that can integrate products and services into a business model, and help differentiate a business model from a competitor. They can advise other executives on why “that idea sounds great but done this way it would be money laundering,” to cite a seemingly bombastic example that I’ve encountered in real life. Depending on deal size they may also be accompanying the CEO, other executives, or a CRO to dinner with a prospect.