CFOs As Value Creators And Wealth Managers

Alignment is vital in any organisation as any unalignment is something that does not support the working of a Chief Financial Officer (CFO), said Akshay Sarma, CFO, Axio on Friday underlining the strategic vision of CFOs in organisations in managing wealth and creating value.

He was speaking at the panel discussion, BW CFO World's Finance Leadership & Strategy Summit 2023 and said that a 'CFO, Founder, or Promoter' should trust that, the workforce is working for the good of an organisation and should not stop their righteous working.

Nikhil Sohoni, Group CFO, Blue Star, asserted this fact by saying the job of the CFO is a difficult task, but then it is all about knowing ways to carry the important role.

"I define risk as a random initiative knowledge. If we do any initiative without knowing, it is a risk, and this applies to business as well," Sohoni said.

He stressed that risk is nowhere restricted in business, "it is throughout the business."

The other important point is to evaluate the investment without getting emotionally attached to it, said Sohoni, adding that companies keep investing good money in bad avenues and create risk management.

Prabin Dokania, CFO, of Goods & Services Tax Network (GSTN), underscored CFO's position as a blueprint for evaluating investment opportunities and making capital allocations for shareholders. 

Ankit Mehta, Co-Founder of Mintifi, commented that the success metric of the CFO depends on the return matrix he evaluates from the investment, sales and growth.

He stressed that unit economies are significant in establishing a product and highlighted its wide acceptance than before.