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A strict CFO could be bad for businessSays global survey from Epicor Software and Redshift Research. It asked 1,500 financial decision makers about their personal decision-making styles.

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The survey revealed six leadership styles that influence systems and processes, and ultimately affect business profitability and growth

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9% of CFOs are ‘Traditionalists’

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These CFOs are less likely to see profit growing – 56% vs. 64% for their peers

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And they are the least likely to acknowledge any need for change

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This could indicate that the traditional stereotype could be detrimental for

profit, and ultimately business growth

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As they often own IT – it means that adherence to process and a reluctance to consider change could affect everyone

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This has a big impact on an organisation’s ability to be agile

and responsive

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19% of CFOs are ’Revolutionary’

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The ‘Revolutionary’ is the most likely to experience a profit increase

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They are more critical of how IT supports finance

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And more flexible and happy to drive change where and when needed

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The most popular style is the ’Politician’ (27%)

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They believe that collaboration is a key challenge that needs addressing

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16% of CFOs are ‘Conductors’

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They are more likely than average to take decisions based on gut-feel

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This is perhaps due to a lack of access to hard facts from their system

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The next style is the ‘Carer’ (19%)

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The ’carer’ is more worried than most about the lack of accurate data

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And would rather delay a decision than risk mistakes – not good for profitability or agility!

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9% of CFOs are ’Visionaries’They relish change

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41% of ‘Visionaries’ believe their systems need updating

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But their flexible, intuitive nature could lead to mistakes

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In today’s fast paced business world CFOs need to be able to adapt to change and provide business leaders with the right information so better decisions can be made faster

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Modern systems and processes free up their time and provide accurate information to support decision making

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Helping the business become profitable and focussed on growth

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Would you like to find out what your own leadership style is?

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Why not take our interactive quiz to find out?

www.epicor.com/uk/leadership-style-quiz

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Visit www.epicor.com

Email info.uk@epicor.com

Twitter @EpicorEMEA

Or find out more about how Epicor ERP can help your organisation make better, faster decisions

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Make better, faster decisions with Epicor ERP