chief financial officer

Love and Hard Data

Two hands in the shape of a heart with the sun shining through the middle.

A CFO-CPO relationship, like any other, is not perfect and is often rooted in a lack of trust and miscommunication, which, at times, makes it seem beyond repair. The CPO promises savings and talks about adding value, but the CFO only sees costs and finds the P&L showing increased spending. This obvious gap between what procurement claims and what finance sees deepens further because the language and terminology used are not aligned. As a result, misunderstanding and communication breakdowns happen. 

The webinar ‘Prove Procurement’s Contribution to Finance with Love and Hard Data’ is designed to help procurement professionals turn their CFO’s hate into love. With Johan-Peter Teppala, a seasoned procurement expert and Bruno Duréault, an experienced CFO, this relationship dynamic between finance and procurement is discussed. With more than a decade of experience in their respective fields, they address and uncover the practical ways to improve this partnership.

Before exploring how to make the relationship between procurement and finance work, it is crucial to note how procurement has evolved from having the penny pincher reputation to becoming the heart of supply chain management. Organizations are now starting to see it as a key driver for competitive advantage. With various value-adding superhero functions, it has emerged from being just a cost-cutting function to having its own voice with a newfound organizational influence and corporate visibility. Mastering its potential and knowing its strategic and critical contribution will ensure a competitive advantage in today’s dynamic global business landscape.

Ericka Pineda, Product Marketing Specialist