Firms do better when CFOs work closely with supply chain chiefs: poll

[SINGAPORE] Companies whose chief financial officers (CFOs) have a strong "business partnering" with supply chain leaders report better results than those with a more traditional finance model in place, a global study by professional services firm EY has found.

Almost half of these reported Ebitda (earnings before interest, tax, depreciation and amortisation) growth increases of more than 5 per cent in their company over the past year, compared with 22 per cent of those with a more traditional relationship.

It's a development which businesses cannot afford to ignore, with the roles of both the CFOs and supply chain leaders growing significantly in recent years.

The role of the CFO continues to evolve beyond the traditional responsibilities of monitoring, reporting and controlling, to more strategic and commercial ones, while supply chain leaders are being elevated to the top echelons of the corporate hierarchy, with many having a seat on the executive board and significant influe…