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Reinventing the CFO: How Financial Managers Can Transform Their Roles and Add Greater Value
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Binding: Hardcover
Dewey Decimal Number: 658.15
EAN: 9781591399452
ISBN: 1591399459
Label: Harvard Business School Press
Manufacturer: Harvard Business School Press
Number Of Items: 1
Number Of Pages: 258
Publication Date: March 31, 2006
Publisher: Harvard Business School Press
Studio: Harvard Business School Press
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Editorial Review:
A Provocative New Agenda for Todays CFO
On the heels of a decade of scandals and the new pressures brought on by the Sarbanes-Oxley Act, corporations expect far more from their CFOs than simply managing the numbers. They expect decision-making support and performance insights that can improve bottom-line results. Unfortunately, the complexity and detail inherent in CFOs jobs keep them shackled to budgeting and transaction-processing systems that leave little time for value-adding activities.
Jeremy Hope says its time to redefine the role of CFOs in todays organizations, liberating them from ineffective number-crunching responsibilities and enabling them to focus on helping managers improve performance. Grounded in extensive research, Reinventing the CFO outlines seven critical rolesfrom streamlining redundant processes to regulating risk to identifying a few key measuresthat CFOs must take on in order to successfully transform the finance operation.
Challenging many of the finance fields accepted practices and systems, this bold book revolutionizes the role of financial managers and frees them to make smart, ethical, strategic decisions that add real value to the firm.
Customer Reviews
Average Rating: 
Rating:  - Loved it, but was left unfulfilled
I loved this book. Mostly because it offers us hope. And I agree with the author that most of us finance people are making things unnecessary complicated for ourselves.
Mr. Hope makes a very valid point. We do focus too much on detail and budgets are obsolete often before they are are written down the final time.
But in the end, I was also left very unfulfilled. The author tells us how we do things wrong and shares examples of organizations that have broken free. Yet specifics ... Read More
Rating:  - A great reminder to focus on adding value to your organization
As a Controller of a software corporation looking to move to the next level, this book was a great reminder to me of the many mistakes finance professionals make every day that can result in getting too involved in the details to the detriment of evolving the business. This book contains many common sense strategies CFO's need to implement to improve the efficiency of the finance department such as spending less time on producing reports that do not get used and focus on a few KPI's to allow time for analysis ... Read More
Rating:  - A Great new angle of Financial Visiton
I just received this book last week and started reading. This has been an easy read with lots of good pointers. I kept a highligter close by the entire time I have been reading. As a CFO I often feel buried in beurocracy but this book gives ways the CFO can free themselves from some of this drudgery.
Rating: - Well-written proposal for a new role of the CFO
Jeremy Hope's well-written and well-documented proposals deserve careful reading by every financial executive. It is no news that the job of the Chief Financial Officer is changing. However, he points out, few CFOs understand or accept the steps they should take to prepare themselves for the demands of a new role. Hope explains what they need to do clearly and concisely, mincing no words about the troubled state of the CFO profession today. We recommend this book to CFOs and other financial professionals who want ... Read More
Rating: - Required reading for leadership
I'll be brief given the previous detailed reviews. My view is that the author provides great insight based on my experience working for large companies struggling with many of the issues described in the book. The author did his homework. The principles are clear and nicely discussed. This reading is valuable to those aspiring to finance leadership.
I don't agree with everything the author states; more tangible examples would have been helpful; and some, important points were noticeably left out (in ... Read More
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