How finance leaders are building the future of finance today

In this episode, Pat Grismer, Former CFO Starbucks, Hyatt Hotels and Yum Brands, and Cory Hrncirik, Microsoft Modern Finance Lead, discuss the future of finance.

In this special episode of the Better Finance podcast, Pat Grismer, Former CFO Starbucks, Hyatt Hotels and Yum Brands, and Cory Hrncirik, Microsoft Modern Finance Lead, join Myles Corson for a wide-ranging discussion on the future of finance. Their discussion covers the role of the CFO, the importance of a strong culture and why CFOs need to spend more time on talent, how the finance function can have an even greater impact in strategy and resource allocation, and the need for more data.

The past few years have seen significant disruption resulting from radical changes in consumer habits and preferences, technological innovation, and an elevated social conscience. These changes are driving companies to adjust business models, and that has been incumbent upon CFOs to determine how best to evolve their planning, forecasting and resource allocation processes so they can respond with greater agility to ensure their organization remains relevant and growing.

Within an organization, there is an opportunity for finance as a function to have even greater impact and influence by behaving like a business partner, not a function that exists solely for reporting purposes. World-class finance functions can use their numbers and data to tell stories in ways that support the business in achieving its objectives. When finance professionals understand that, the function has the capacity and the potential to have much greater impact and influence on the business.

Key takeaways:

  • CFOs have an important role supporting investments in ESG while continuing to drive the company’s economic engine.
  • Talent and culture are a key element of the CFOs agenda, particularly attracting and developing for emerging skills.
  • CFOs can increase their impact by adapting how they communicate to better engage with key stakeholder groups.
  • CFOs have a never had a better opportunity to transform the finance function by setting a clear vision, empowering their people to adopt a growth mindset and unlocking the power of data and technology.

For your convenience, full text transcript of this podcast is also available. Read the transcript.

Presenters

Myles Corson
EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services

Podcast

Season 4, Episode 4

Duration 32m 28s

In this series

Series overview
(Event List - Manual)

The CFO’s expanding role in the ESG ecosystem

A discussion on the vital role the CFO plays in today’s expanding ESG ecosystem, from the perspective of REITs and the real estate industry.
Podcast

Season 4, Episode 1

Duration
39m 42s

Presenters

Myles Corson

EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services

How current macroeconomic and geopolitical trends are impacting finance

Host Myles Corson discusses macroeconomic and geopolitical trends impact with Sally Jones, EY UK Trade Strategy & Brexit Leader and Nicolas Veron, Senior Fellow at Bruegel, Brussels & Peterson Institute for International Economics, Washington.
Podcast

Season 4, Episode 3

Duration
36m 19s

Presenters

Myles Corson

EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services

Sally Jones

EY UK Trade Strategy and Brexit Leader

Future of reporting: the journey to global ESG standards

In this episode of the Better Finance Podcast, Marc Siegel and Janine Guillot discuss the progress towards a globally accepted, comprehensive corporate reporting system.
Podcast

Season 4, Episode 5

Duration
31m 30s

Presenters

Myles Corson

EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services

How CFOs can be the drivers of organizational change

In this episode of the Better Finance podcast, Myles Corson welcomes Joel Bernstein, CFO, Customer Success & Head of Global Finance at SAP. They discuss SAP’s business model transformation, how finance functions adapted during the pandemic to accelerate investments in digital finance, and SAP’s efforts to make environmental, social and governance (ESG) reporting more transparent.
Podcast

Season 4, Episode 6

Duration
32m 10s

Presenters

Myles Corson

EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services