The Secret to Building Generational Fintech: Empower the CFO

There are many Fintechs globally, and Fintech is undeniably one of the largest and fastest growing fields. But ironically, the CFO's job hasn't gotten easier and here's our partner Piyush Kharbanda’s sharing on what needs to be changed in your organisation to empower the CFO.

In his words, "The role of a CFO will witness a paradigm shift over the next decade. Much like how sales organization has changed fundamentally with technology now at the front and center of sales processes, tooling will start to play a more significant role in how CFOs operate."

If you have worked in Finance or Fintech, this will resonate with you, "However, as we peel the onion a little, we realize that companies are solving each activity as a disparate function, and no part of the stack actually talks to each other.

A vast majority of the tools are legacy, do not scale well on the cloud, and most importantly, require an army of employees to operate.

Therefore, companies often end up building large finance teams who spend the bulk of their time gathering data from different systems, cleaning it up, and then tying it all together to get a seemingly accurate picture of their business."

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