CFO plays a leading role in the financial modeling of all innovation activity and investments.
CFO role in Innovation Management:
Explore opportunities for cost avoidance, risk mitigation, process improvement and new efficiencies in operational areas of the business
Assess the costs, return, and risks of new opportunities being pursued to help the early elimination of bad ideas and to identify insights and concepts with the highest potential
Measure opportunity cost, risk, and outcome of all innovation activity from start to finish
Measure all innovation pursuits from a financial perspective to ensure optimal decisions that lead to a sustainable business
“Planbox Innovation Management platform has transformed the way that Verizon finds, collects, prioritizes and implements ideas.”