The Financial Director of Women excels in the standards and leadership of innovation: Onestream

A recent global study by Onestream shed light on the importance of gender diversity in financial leadership and its relationship to business performance.

The report, which was called “The Glass Chair”, took over 1,146 leaders and professionals, and revealed that companies that have women in the role of the financial manager tend to excel the standards in the industry in the returns of shareholders.

Onestream research found that companies with female financial managers have witnessed an average return on annual shareholders by 4.5 %, which is approximately 0.2 % of the standard throughout Europe, the United Kingdom and the United States.

Despite these accomplishments, the road to the seat of the financial manager is longer for women, which take an average of three additional years to secure the role when compared to their male counterparts.

The study also indicated that many financial women have reached their positions through unconventional functional paths, with about 35 % of various backgrounds that include operational or multi -functional roles outside of basic financing.

The study noted that this experiment increases the money of women with a vision of the institution, which enhances its operational visions and driving capabilities.

These competencies are necessary to achieve a balance between the financial strategy with broader commercial considerations such as the development of persons, risk management and cooperation between departments.

The report continues to describe leadership methods that spread among financial women, highlighting the focus on financial governance, strategic planning and team growth.

These features are in line with the advanced requirements of the role of the financial manager, which increases technology such as artificial intelligence and automation to increase strategic decisions.

The study also found that 75 % of women’s financial leaders learn about automation and artificial intelligence competencies as vital, yet only 24 % depend on artificial intelligence tools today.

83 % of women admitted immediate managers that automation was able to switch in a set of skills required for the position of the financial manager.

The study also determines many obstacles that hinder women’s progress to the role of the financial manager, including economic shrinkage, policy in the workplace, limited access to guidance, and the challenge of balance professional and personal responsibilities.

Treating the barriers that hinder their progress can enable companies to harness driving that not only improves returns, but also embodies the comprehensive experience required for future financial management.

The data is clear: Women in the roles of the financial manager not only about property rights – it relates to the performance of business. The financial manager of women outperforms the standards of industry, especially when they are appointed to weak performance organizations, partly due to a wide range of practical experience and digital progress, “said the first Vice President of Onestream Corporate Pambory Pam Mcintyre.

“While the financial manager is required to do more and move in the increasing complexity, women leaders show that the ability to endure in the face of challenges pays the results of stronger business and a more flexible modern financial job.”

“The Financial Director of Women excels the standards and the leadership of innovation: Onestream” originally and published by International Accounting BulletinThe brand owned by Globaldata.

Information on this site was included in good faith for public media purposes only. It is not intended to reach the advice that you should depend on, and we do not provide any representation, guarantee or guarantee, whether it is explicit or implicit in relation to accurately or completing it. You must have a professional or specialized advice before taking any action based on the content on our website.