Chief financial officers today face countless challenges in global companies, but most cite margin erosion as their top internal concern, according to Duke and CFO Magazine's Global Business Outlook Survey. Unfortunately, the root cause of most margin erosion -- contracts -- often evolves separately from the financial arm of the enterprise, meaning the CFO arrives late to the game. CFOs must truly understand and manage contracts to face their top concern and maintain their margins.
Few know this better than Tim Cummins, President and CEO of IACCM, and Lamar Chesney, recent Executive VP and Chief Procurement Officer at SunTrust Banks. Lamar brings the perspective of the CFO and CPO to the table. Prior to SunTrust, he was the CPO of Delta Airlines and spent a number of years as CFO at Coca-Cola.
Tim and Lamar discuss why it's so important for CFOs to take an active role in contract strategy. The conversation touched on the relationship between a CFO and the procurement, contract, and legal teams; CFO and contract challenges; ways to create alignment between the CFO, CPO, and contract professionals; and much more.
This resource is only available to our paid members. You can Join Us or Sign in to get access to this resource.