Communication is Vital for CFOs

In this article, a survey was conducted by Oracle NetSuite to get insights from numerous executives about the importance of each role and their communications skills. The survey “polled small and midsize company leadership in four categories: CFOs, nonfinance executives (other members of the C-suite), finance managers, and nonfinance managers.” The survey showed that the finance chiefs’ proficiency in understanding the business was marked at a 72 on a 0-100 scale. However, CFOs believe their communication skills are better than other executives think. “Their rating on the 0-to-100 scale for communicating with employees and stakeholders was 73; other executives gave finance leaders a rating of 59.” The survey also found that CFOs are more interested in cutting costs to mitigate inflation than those in other roles are. To learn more about the results of the survey, click the link!

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