In addition to their stewardship of the company’s financial health, CFOs play an integral role in its risk management process. While the company may have a comprehensive enterprise risk management framework in place, the effectiveness of the risk assessment process—the foundation of an ERM program—must be continuously evaluated and improved. Data analytics is necessary for today’s risk assessment process with the ever-increasing complexities of businesses, technology and external factors.
CFOs are critical to risk assessment and management. Here’s how data analytics can help make sure you’re getting it right.