CFO (Chief Financial Officer)

Chief Financial Officer (CFO) is the executive responsible for providing strategic oversight and leadership in finance, accounting, budgeting, investments, risk management, and forecasting. The CFO’s role in procurement includes ensuring fiscal responsibility, establishing financial objectives, creating budgets to meet those objectives, and monitoring financial performance against those objectives. As a member of the senior management team, CFOs are highly influential in driving desired outcomes and making sound business decisions related to acquisition of goods and services. By applying their knowledge and experience in financial operations and compliance, CFOs can play a critical role in ensuring that an organization’s procurement activities are carried out responsibly.