
Collaboration, Trust and Financial Excellence Empowering CFOs


Fred Boyle, SVP & CFO, Pepco Holdings
In order for a CFO and the financial branch to effectively optimize their value to an organization, other leaders in the company must view the team as critical thought leaders at the decision-making table. We want other executives to understand and value our inclusion enough that they proactively seek our counsel and input before beginning enterprise initiatives. The initial challenge is getting to the point where peers seek out the CFO’s team vs. the team having to insert itself into the process.
To achieve this goal, the CFO’s team must understand what drives the business commercially. I want each of my team members to understand how what they do affects other areas of the organization. I encourage collaboration and communication, and, when making financial decisions, we must foresee impacts beyond
our function. At a minimum, we make sure we effectively communicate directly with those teams.
"As our peers outside of finance learn that we understand what they are trying to achieve, they will view our team as trusted partners who are striving for the same goals"
As our peers outside of finance learn that we understand what they are trying to achieve, they will view our team as trusted partners who are striving for the same goals. Inevitably these interactions build trust and a reliance on our input when they are making decisions and planning for the future. I believe another priority is optimizing the contribution of the financial organization by developing talent. The company supports the traditional methods such as internal and external training sessions and generous tuition reimbursement benefits for continuing education. I encourage bringing junior associates to meetings where their analysis is a key element of the topic being discussed. Giving junior teammates this recognition and exposing them to other senior members of the organization is easy to do and provides them important feedback and perspective. This perspective can be eye opening and motivating and can lead to a higher level of performance and contribution from the associates. They can see how their work is used and gain a better understanding of how it fits into the decision-making process.
I am confident that we will successfully meet all challenges through a combination of teamwork, communication, collaboration, financial excellence and our continued investment in our workforce.
Featured Vendors
Management Information Control Systems, Inc. Builder Information System: Contractors One Stop Accoun
Forecast5: Analytics Actionable Analytical Tools to Synchronize Financial Resources and Strategic Pl
DEX Systems: Service Life Cycle Management Software that Enhances Oracle EBS to provide increased co
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
CFO-plus - Art & Science of Decision Making: The critical 30 seconds!
The Speed of Technological Change : The Role of the CFO
De-mystifying Budgeting and Forecasting Solutions
Financial Engineering in a Hyper-Growth Environment
THE BEST OF BOTH WORLDS: Brick-n-Mortar Stores and Digital Technology...
Moulding Complete Business Solution through Netsuite Software
