"More importantly, CFOs
in the Mena region need to recognise the unique position they occupy to help drive organisational development and offer strategic support," he added.
This kind of environment separates the best CFO
from the crop.
North America-based CFOs
also expect the momentum from the 2017 tax cuts will continue to weaken.
The research is based on a global cross-industry survey of CFOs
and qualitative interviews with more than 700 CFO
and senior finance executives, according to Accenture.
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'Nowadays, the role of the CFO
goes beyond being a bean counter, a number cruncher, or a compliance manager.
51 percent of the CFOs
said there is high credit availability at cheaper cost versus 28 percent of the CFOs
who reported high credit availability at cheaper cost in the last year survey.
Caption: Felix Escoto, Finance Director, Interfood; Juan Felipe Gomez, Vice President, Finance, SAP; Ramon Gonzalez Fernandez, CFO
Central America and Caribbean, Novartis; Elias Tavarez, CFO
, CARICAM, PepsiCo.
Today's executives define success for CFOs
by the acquisition and practice of technical and soft skills.
The preliminary findings of the Strategies Index GCC 2014 indicate that the majority of CFOs
are confident in the region's economic ability to sustain their growth, with 79 per cent expressing confidence in Gulf regional market development over the next two years.
Given that advanced IT has now become a regular CFO
tool, the region's CFOs
are now making faster decisions and driving internal growth models with greater speed and agility than ever before, thereby creating new global benchmarks for overall economic growth.