Financial leaders come to the fore on innovation.

PositionINFORM - Brief article

Senior finance professionals have moved to the centre of discussions about innovation in business, as many firms seek to enhance their portfolios with more innovative products and need someone to ensure that the right ideas are funded and executed properly.

That's the view of a new CGMA report entitled "Managing innovation: Harnessing the power of finance", which argues that CFOs and other finance leaders are no longer seen as putting the brakes on innovation.

Instead, the report points out that management accountants--led by CFOs--0are performing a crucial and growing role in driving advances at some of the world's most innovative companies.

"In those businesses the CFO and finance team are deeply embedded in the process of innovation and have a clear framework to let new ideas take...

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