What really matters to the CFO – The CFO’s expectations towards the procurement function
In over 80 percent of companies, the Chief Financial Officer (CFO) represents the procurement function on the management board – more than enough reason to place the central stakeholder of procurement at the center of this study. Particularly in times of increasingly volatile economic cycles, the demands on a CFO change for the areas assigned to him. But what does this mean in concrete terms for procurement managers? How satisfied are CFOs with the current level of professionalism in procurement? What improvements are expected from digitization in procurement and what controlling information does a CFO really need?
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