Since every risk comes home to roost in a financial number between the lines of the balance sheet, CFOs are playing a much larger role in risk management. They increasingly are influencing, setting and driving corporate risk strategies, working closely with the chief risk officer and chief operating officer. Armed with financial and operational data that can inform decisions, CFOs are in position today to help their organizations avert roadblocks and wrong turns, as well guide the business down new paths of profitability.

Forward-looking CFOs are using insights gleaned from Big Data and predictive-analytics technologies to accelerate business performance. By embracing a data-driven approach, CFOs can influence major, strategic corporate decisions involving acquisitions, divestitures, demand planning and forecasting, new markets and more.

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Keywords: supply chain management, supply chain management IT, supply chain solutions, supply chain risk management