CFO Role in Innovation Management2018-11-09T12:34:04+00:00

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

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“Planbox Innovation Management platform has transformed the way that Verizon finds, collects, prioritizes and implements ideas.”
Director - CMI Excellence and Marketplace, Verizon