CFOs Changing Roles within the Manufacturing Sector From Balance Sheets To Balancing Acts In The Post-COVID And Digital-First World
From Balance Sheets To Balancing Acts In The Post-COVID And Digital-First World
Companies in the manufacturing industry have had more than their fair share of challenges in the aftermath of the global pandemic. Disruption in the supply chain, uncertainties in demand and liquidity challenges have made the CFOs job incredibly tough. CFOs are expected to play the roles of a steward and strategic business partner in addition to traditional responsibilities associated with controllership and compliance.
According to the Everest Group Global CFO Survey 2020 (supported by WNS), over 35% of CFOs in the manufacturing sector have highlighted that ensuring supply chain continuity has been their primary challenge. At the same time, CFOs recognize the need to build a long-term strategy to enable businesses to remain relevant, agile and viable as they come out of the pandemic.
As strategic leaders, CFOs are now busy building a digitally enabled finance function. 49% of CFOs are considering increasing adoption of digital technology to improve productivity, customer experience, and control.
In this roundtable, finance leaders and peers from the manufacturing industry will get together to share their experience, challenges and strategies for:
– Helping businesses navigate through the challenges posed by COVID-19.
– Improving operational leverage, ensuring supply chain continuity, containing costs and preserving liquidity.
– Enabling investments in digital technologies such as Artificial Intelligence, Big Data and Hyper automation.
– Maximizing ROI from digital adoptions to build a future-ready organization with the right building blocks.
– Leveraging finance analytics to drive actionable insights
Manish Vora – Executive Vice President
WNS Global Services
Deborah Moehlich – Senior Director & Head of NA Shared Services