What are changing role of financial manager?

Answer 1

The role of financial managers is evolving due to rapid technological advancements, regulatory changes, and shifting business environments. They are increasingly expected to act as strategic partners, providing insights and forecasts that guide decision-making rather than just managing budgets and reports. Additionally, there is a growing emphasis on risk management, sustainability, and ethical financial practices, requiring financial managers to adapt their skills and focus on long-term value creation. This shift necessitates a blend of analytical, interpersonal, and leadership skills to drive organizational success.