{"id":9097,"date":"2022-04-05T12:22:34","date_gmt":"2022-04-05T10:22:34","guid":{"rendered":"https:\/\/www.sqorus.com\/what-are-the-key-regulatory-issues-for-cfos-in-2019\/"},"modified":"2024-08-28T18:11:00","modified_gmt":"2024-08-28T16:11:00","slug":"what-are-the-key-regulatory-issues-for-cfos","status":"publish","type":"post","link":"https:\/\/www.sqorus.com\/en\/what-are-the-key-regulatory-issues-for-cfos\/","title":{"rendered":"What are the main regulatory challenges facing CFOs in 2024?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px|0px|0px|0px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||0px|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.0&#8243; header_3_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>Standardize and automate processes<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; header_3_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; custom_padding=&#8221;||5%||false|false&#8221;]<\/p>\n<p>To achieve the goals set by executives, finance departments must become even more efficient. They focus on <a href=\"https:\/\/www.cnrtl.fr\/definition\/standardisation\">standardization<\/a> and <strong>automation<\/strong> of various tasks, among the most time and energy consuming. In concrete terms, we can set up computerized <strong>posting journals<\/strong> and <strong>automatic bank reconciliations<\/strong>.<\/p>\n<p>This quest for additional efficiency will allow teams to focus more on higher <strong>value-added<\/strong> tasks, such as monitoring or data analysis.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>Train all the players in the finance function<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; header_3_font_size=&#8221;18px&#8221; custom_padding=&#8221;||5%||false|false&#8221;]<\/p>\n<p>Faced with the many changes underway as a result of various regulatory developments, CFOs need to <strong>develop the skills<\/strong> of their teams. Recruiting new profiles is often a costly solution and is only used as a last resort. As a result, they are placing more emphasis on <strong>training<\/strong> all financial administrators.<\/p>\n<p>The latter will be made aware of the impacts of the <strong>regulatory changes<\/strong>. They will also acquire new <strong>work methods<\/strong> and knowledge about the latest computer tools. However, CFOs remain aware of the roadblocks they may face in 2019. Among the most obvious are the <strong>lack of investment<\/strong> in training, the difficulty of accepting mobility (especially for older employees), and the <strong>resistance to change<\/strong> among teams.<\/p>\n<ul><\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>The rise of environmental risk<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p>In September 2018, an online questionnaire was made available to finance departments from companies of all sizes and industries. The report reveals that accounting figures are not the only problem faced by CFOs. They are also concerned about the future risks of <strong>environmental degradation<\/strong>.<\/p>\n<p>This concern seems, at first glance, to be relatively far from the initial area of competence of the finance department. A closer look at this phenomenon shows that this risk is only a reflection of the evolution of our society. The stakes of <a href=\"https:\/\/fr.wikipedia.org\/wiki\/D%C3%A9veloppement_durable\">sustainable development<\/a> have already resulted in the establishment, by the legislator, of strong impacting constraints for a company.<\/p>\n<ul><\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.27.0&#8243; background_color=&#8221;#2029a0&#8243; background_image=&#8221;https:\/\/www.sqorus.com\/wp-content\/uploads\/2023\/12\/Bandeau-LB-Transfo-Finance-Opportunites.png&#8221; background_size=&#8221;contain&#8221; background_position=&#8221;center_right&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;90%&#8221; width_phone=&#8221;90%&#8221; width_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;5%||3%||false|true&#8221; custom_padding=&#8221;50px|400px|50px|55px|true|false&#8221; custom_padding_tablet=&#8221;50px|55px|50px|55px|true|true&#8221; custom_padding_phone=&#8221;40px|55px|40px|55px|true|true&#8221; background_last_edited=&#8221;on|phone&#8221; background_enable_image_tablet=&#8221;off&#8221; border_radii=&#8221;on|23px|23px|23px|23px&#8221; global_module=&#8221;25041&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text module_class=&#8221;Titre_40 Titre_blanc&#8221; _builder_version=&#8221;4.23.1&#8243; _module_preset=&#8221;default&#8221; header_2_font_size=&#8221;30px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>Digital transformation of the Finance function&nbsp;: how to identify growth opportunities?<\/h2>\n<p>[\/et_pb_text][et_pb_text module_class=&#8221;FondBleu&#8221; _builder_version=&#8221;4.23.1&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;||||||||&#8221; text_text_color=&#8221;#d6d8f4&#8243; text_line_height=&#8221;30px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p>Discover how Finance&#8217;s digital transformation can optimize your company&#8217;s performance, and effectively identify opportunities for growth.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/www.sqorus.com\/en\/ebook-digital-transformation-of-the-finance-function-growth-opportunities\/&#8221; button_text=&#8221;Download&#8221; button_alignment=&#8221;left&#8221; button_alignment_tablet=&#8221;center&#8221; button_alignment_phone=&#8221;center&#8221; button_alignment_last_edited=&#8221;on|tablet&#8221; admin_label=&#8221;Bouton de t\u00e9l\u00e9chargement&#8221; module_class=&#8221;Bouton Fond_blanc&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;15px&#8221; button_text_color=&#8221;#f36145&#8243; button_bg_color=&#8221;#FFFFFF&#8221; button_border_width=&#8221;1px&#8221; button_border_color=&#8221;#f36145&#8243; button_border_radius=&#8221;50px&#8221; button_font=&#8221;||||||||&#8221; button_use_icon=&#8221;off&#8221; custom_margin=&#8221;20px||||false|false&#8221; custom_padding=&#8221;13px|25px|13px|25px|false|false&#8221; custom_css_free_form=&#8221;selector:hover{||  background-color: #FFF6F5 !important;||}&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.19.3&#8243; _module_preset=&#8221;default&#8221; global_module=&#8221;13770&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h3>Also read about the digital transformation of finance functions<\/h3>\n<h3> <\/h3>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.sqorus.com\/en\/what-is-the-role-of-the-finance-department-today\/\">What is the role of the finance department today?<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.sqorus.com\/en\/5-obstacles-to-the-digital-transformation-of-finance-functions\/\">5 obstacles to the digital transformation of finance functions<\/a><\/p>\n<\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/en\/the-finance-function-an-actor-of-change-in-the-digital-transformation-of-the-company\/\">The finance function, an actor of change in the digital transformation of the company<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/analyses-predictives-degager-valeur-ajoutee-detecter-opportunites-croissance\/\">Predictive analytics to unlock value and detect growth opportunities<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/gerer-talents-transformation-digitale-de-la-fonction-finance\/\">Better managing talent to overcome the obstacles to digital transformation in the finance function<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/en\/improve-financial-processes-with-automation-and-rpa\/\">Improve financial processes with automation and RPA<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/en\/provide-users-with-real-time-data-with-data-visualization\/\">Provide users with real-time data with data visualization<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/en\/advanced-financial-analysis-to-improve-decision-support\/\">Advanced financial analysis to improve decision support<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/en\/identify-the-business-processes-in-the-finance-function-that-would-benefit-most-from-digitization\/\">Identify the business processes in the finance function that would benefit most from digitization<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/en\/security-at-the-heart-of-the-companys-financial-transformation\/\">Security at the heart of the company&#8217;s financial transformation<\/a><\/li>\n<li><a href=\"https:\/\/www.sqorus.com\/dun-si-finance-vers-un-systeme-de-donnees-finance\/\">From a Finance IS to a Finance Data System<\/a><\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Section &#8211; Contactez nous&#8221; module_class=&#8221;Fond_bleu Fond_icone&#8221; _builder_version=&#8221;4.26.1&#8243; custom_margin=&#8221;2rem||5rem||false|true&#8221; custom_margin_tablet=&#8221;4rem|40px|4rem|40px|true|true&#8221; custom_margin_phone=&#8221;|20px||20px|false|true&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;3rem||3rem||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row make_equal=&#8221;on&#8221; admin_label=&#8221;Text block&#8221; module_class=&#8221;LargeurBox&#8221; _builder_version=&#8221;4.25.0&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;fade&#8221; locked=&#8221;off&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.25.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;|9rem||9rem|false|true&#8221; custom_padding_tablet=&#8221;|0rem||0rem|false|true&#8221; custom_padding_phone=&#8221;|0rem||0rem|false|true&#8221; custom_padding_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text admin_label=&#8221;Sous-titre&#8221; module_class=&#8221;SousTitre&#8221; _builder_version=&#8221;4.25.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;||||||||&#8221; text_orientation=&#8221;center&#8221; custom_margin=&#8221;||10px||false|false&#8221; text_orientation_tablet=&#8221;&#8221; text_orientation_phone=&#8221;center&#8221; text_orientation_last_edited=&#8221;on|tablet&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p>Contact<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Titre &#8211; H2&#8243; module_class=&#8221;Titre_40&#8243; _builder_version=&#8221;4.25.0&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>A project? A request?A question?<\/h2>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Texte&#8221; _builder_version=&#8221;4.25.1&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#d2d4ec&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;35px&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p>Contact us today and find out how we can work together to make your company&#8217;s digital future a reality.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/www.sqorus.com\/en\/contact\/&#8221; button_text=&#8221;Contact SQORUS&#8221; button_alignment=&#8221;center&#8221; module_class=&#8221;Bouton fond_orange&#8221; _builder_version=&#8221;4.25.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;30px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CFO evolution: produce accounts, manage ERP, provide information for strategy, undergo regulatory constraints.<br \/>\nFuture challenge for their function. <\/p>\n","protected":false},"author":19,"featured_media":6476,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[359,390],"tags":[],"metiers":[224],"sujet":[212],"class_list":["post-9097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conseil-transformation-finance","category-finance-transformation","metiers-finance-en","sujet-business-process-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What are the key regulatory issues for CFOs in 2019?- SQORUS<\/title>\n<meta name=\"description\" content=\"CFO evolution: produce accounts, manage ERP, provide information for strategy, undergo regulatory constraints. 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