The Best ERP solution for the Politician CFO
In our last blog, we examined the leadership characteristics of Revolutionary CFOs—their strengths, weaknesses, and attitudes toward the IT function—and revealed how an ERP solution
could best support their success. Now let’s take a look at the Politician CFO and find out what ERP solution best suits them.
The Politician: Collaborative consensus-builder, cautious decision-maker
In 2015, Epicor commissioned a survey conducted by Redshift Research Ltd that surveyed more than 1,500 finance business professionals in 11 countries. As the most common CFO type (accounting for 27% of our survey respondents), the Politician CFO is a cautious and participative leader with a methodical, team-based approach. The Politician knows the importance of accurate data, and values the role of collaboration in effective decision-making. In fact, 27% of Politicians prioritise a cross-departmental, consensus-building approach when making decisions.
However, the Politician would rather delay a decision than risk mistakes or not reach consensus with colleagues. This can make them slow to take advantage of opportunities to increase profit. In addition, while Politicians expect their IT systems to adapt to their changing business needs, they prefer not to challenge corporate structures. This means they may end up with an outdated IT system that doesn’t meet their needs over time.
Accurate, adaptable, and collaborative ERP
An ERP solution can help Politicians avoid delaying important decisions by providing them with accurate data at the right time, and in the right format. The architecture of modern ERP platforms will always be up-to-date and ready to adapt to a Politician CFOs’ changing needs.
In addition, robust social collaboration and communication tools can be highly beneficial for Politician CFOs. They provide a perfect complement to their high capability for communication, and fulfill their need for cross-functional insight and feedback in decision-making.
Next time, we’ll take an in-depth look at the creative-thinking Conductor CFO type and explore the ERP solution that best matches their style.
Take our online quiz to find out which leadership style most closely matches the way you work and find out more in our ERP resource centre about how Epicor ERP can help you collaborate more effectively and make better decisions, faster.
Posted by Martin Hill, VP, International Marketing