CFO Role Evolves:

The role of the Chief Financial Officer (CFO) has undergone a significant evolution, shifting from traditional financial reporting to a strategic leadership function, according to industry analysis. Erika Rönnquist Hoh, Sweden Manager at SD Worx, emphasizes that modern CFOs are now integral members of management teams. They are expected to spearhead transformations, possess a deep understanding of technology, and actively drive business growth. This necessitates analyzing macroeconomic trends, artificial intelligence (AI) reports, and product portfolios, while also anticipating future competency requirements and demonstrating strong leadership skills. Peter Hultman, an Account Executive at Meritmind and a former CFO, describes the position as demanding and often isolating. CFOs frequently contend with simultaneous pressures stemming from market shifts, new regulations, digitalization, and heightened expectations for business-focused analysis. He points out that the absence of an internal sounding board can contribute to feelings of isolation. Effective system support is considered crucial for CFOs. Rönnquist Hoh cautions that inadequate systems can result in decisions based on flawed data, leading to inefficiency and potential legal ramifications. Patrik Vesterberg, Commercial Director at SD Worx Sweden, advises companies to thoroughly identify their needs before selecting systems and to integrate them intelligently to support strategic decision-making and automate processes. To effectively navigate these complexities, building a robust finance team and leveraging external expertise are recommended strategies. Hultman suggests that consultants can offer fresh perspectives and assist in executing change initiatives. Meritmind provides support through qualified consultants and recruitment services. The HR & Payroll Pulse 2025 report highlights significant workforce challenges, with 41 percent of Swedish companies reporting such issues.