Financial controllers are the CFO's right hand—and 86% say their role will change dramatically [Fortune]
HashiCorp, Inc. (HCP)
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Source: Fortune
All of that means a shift in the finance organization as well. Now, controllers, the right-hand person to a CFO, are foreseeing radical changes in their roles. A new global report by EY released this morning, finds 86% of financial controllers expect their roles to change dramatically in the next five years. Controllers oversee a company's day-to-day accounting operations, implement financial plans, and supervise accountants. They ensure the finance organization meets compliance standards with clean financial records. But that's now becoming just table stakes. More than a third (39%) expect the focus to shift to value creation—actively supporting business growth. That's a departure from the traditional strongholds of value protection and optimization, according to EY. The firm's survey is based on the views of more than 1,000 financial controllers across 28 countries and territories. “Controllers are enabling CFOs to take on the additional scope they need to be successful,” Myle
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HCP
Earnings
- 8/29/24 - Beat
HCP
Sec Filings
- 9/27/24 - Form 4
- 9/25/24 - Form 4
- 9/25/24 - Form 4
- HCP's page on the SEC website