Putting the Finance Function at the Forefront of the Resilient Enterprise
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To manage risk both proactively and strategically, companies ideally could benefit from someone who is clairvoyant. Absent that, however, a well-rounded CFO will more than suffice.
After all, the job calls for an executive with wide-ranging knowledge, from an understanding of the company’s strategic objectives to a familiarity with the kinds of data-interpretation tools that can be used to pinpoint vulnerabilities and identify existing gaps. As they do in other areas, finance executives can help support better-informed decision-making regarding investments in loss prevention, loss control, and risk transfer options. They can also provide for risk management to be embedded into key decisions, ranging from where to situate a new plant to which resource-hungry new ventures should be fed first.