CFO tech stack

1. Hybrid and remote-spanning CFOs

   Current tools don’t take into account that many of a CFO’s tasks are cross-departmental. In a world of hybrid and remote work, collaborative tools are more vital than ever.

   This leaves an opening for products that build in collaborative features from the get go, with a user experience simple enough for non-finance professionals to do basic inputs by themselves.

2. Chief future-predicting officers

   Designed primarily for accounting purposes, enterprise resource planning systems where companies store their financial data are mostly limited to backward-facing analysis.

   That means there’s a need for tools that let CFOs analyse data in real time and even let them run predictive forecasts and benchmarking against competitors.

3. Big CFO or small CFO: Who to build for?

   The needs of finance teams differ vastly according to the maturity and size of their company.

   While the enterprise segment requires training and implementation support to fit new tech within existing infrastructure, SMEs will primarily seek solutions with low barriers to adoption.

4. Integration station

   Despite the interconnected nature of the CFO’s work, their tech stacks are plagued by a lack of integrations.

   With startups unable to mesh their CFO kit with every bit of software on the market, their challenge will be to identify the places where this fragmentation leads to the biggest hassles, making target customers more open to trying their solutions.

Who early stage startups are up against