Automation Over Bloated Finance Teams
CFOs should consider using automation for simpler tasks that can help them rather than immediately building out larger finance teams which can be cumbersome and costly, said Navneet Govil, CFO of SoftBank Investment Advisers.
Using automation as much as possible for reporting functions or account closings can help finance chiefs put critical resources to better use and enable them to think more strategically about periods of accelerating growth, Govil said Friday during a talk at The CFO Leadership Council’s 12th Annual CFO Leadership Conference.
“Oftentimes when companies are scaling, there is a tendency to build a large team, which is good if companies have a linear path to growth,” Govil said during the talk. “And what I’ve learned is there’s never a linear path [to growth].”
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