The role of CFOs is experiencing a significant shift. What was once a position primarily focused on financial stewardship is now evolving into one that requires strategic vision to drive long-term business value. According to an extensive study by EY titled "CFOs as Value Architects: Driving Long-Term Value," a striking 76% of investors believe CFOs should transcend traditional financial oversight to actively contribute to shaping business strategy. Moreover, 74% of CFOs acknowledge the necessity to hone their skills in providing forward-looking insights.
At SS&C EVOLV, we’ve been attuned to these shifting expectations for quite some time. Winning the Best as-a-Service Solution – Integration & Automation award at the 2024 Banking Tech Awards USA underscores our pioneering role in driving financial transformation.
EY’s analysis outlines three crucial steps CFOs need to undertake to fully embrace their function as Value Architects:
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Strengthen the digital finance infrastructure – CFOs should harness technology to optimize financial data, automate processes, and ensure real-time reporting.
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Elevate the role of the finance team – By transitioning from mere transactional tasks to delivering value-driven insights, finance teams can offer strategic direction and enhance a company’s agility.
- Champion ESG as a financial imperative – As investors increasingly scrutinize ESG commitments, it’s vital for CFOs to weave sustainability into their financial decision-making.
These principles resonate with the solutions at SS&C EVOLV. Our technologies automate financial processes, provide finance teams with actionable insights, and simplify ESG reporting. This empowers CFOs to fulfill their potential as true Value Architects.
When it comes to ESG priorities, CFOs are finding this more crucial than ever. Yet, at SS&C EVOLV, we prioritized ESG integration long before it became mainstream. Back in 2022, our "A Q&A Round-Up on Modern Loan Subledgers" whitepaper detailed how our sophisticated business intelligence tools help clients effectively tackle ESG concerns by delivering clear, actionable insights. Additionally, our "EVOLV – Loan Accounting Solution" brochure demonstrates how integrated reporting solutions support financial institutions in staying ahead of regulatory and investor demands.
A cornerstone of EY’s findings is the vital role of sub-ledgers in empowering CFOs to emerge as strategic leaders. Conventional finance systems often lead to data silos, resulting in inefficiencies and inaccuracies. By adopting a modern sub-ledger approach, businesses can maintain a single source of truth for financial data, boosting both operational agility and compliance.
For years, SS&C EVOLV has led the charge in sub-ledger innovation. Our Loan Accounting Solution offers organizations a scalable, automated, and controlled means of managing financial data. By leveraging these capabilities, CFOs can accelerate closing processes, enhance compliance, and derive powerful insights from their financial information.
The importance of integrating ESG into financial strategies is a growing concern, with investors demanding greater transparency and accountability. Currently, 80% of institutional investors consider ESG factors critical in financial decision-making. However, many organizations grapple with fragmented data and inconsistent reporting standards.
In our article "Data-driven Subledger Tools are Key to Modern Finance & Risk Management," we delve into how business intelligence tools are essential for addressing these ESG challenges. We stress the necessity for financial institutions to integrate ESG data into their reporting structures to meet evolving regulatory requirements and investor expectations. Our research highlights best practices for streamlining data collection, standardization, and disclosure, enabling finance teams to make ESG-driven decisions with confidence.
SS&C EVOLV’s solutions are crafted to support this integration through automated ESG reporting capabilities, ensuring that financial leaders can adeptly track and disclose sustainability metrics. Our cutting-edge sub-ledger technology offers a methodical approach to capturing ESG-related financial transactions, aligning sustainability efforts with overall financial health. By embedding ESG considerations into the core financial processes, CFOs can foster long-term value while fulfilling the increasing demand for corporate responsibility.
Our recent win with the Best as-a-Service Solution – Integration & Automation at the 2024 Banking Tech Awards USA further affirms our alignment with CFO initiatives. We equip financial leaders with the tools needed to build robust digital finance infrastructures, uplift financial teams, and seamlessly incorporate ESG metrics.
The pressures on CFOs continue to grow, but with the right tools and technology, they are more than capable of rising to the challenge. SS&C EVOLV remains dedicated to empowering financial leaders with innovative, automated, and data-driven solutions that pave the way for sustainable growth.
To discover more about how SS&C EVOLV is redefining the financial landscape, delve into our latest insights and offerings.
