It’s imperative we have Bearing Fixture and processes that are flexible and friendly, and make everyday actions like filing an expense report a breeze rather than a chore. While it’s our responsibility to ensure we have the right levels of control around processes, we should also have policies that empower our employees and show we trust them. All of this combines to cultivate a positive culture that removes barriers and lets employees spend their time innovating for the business.

Engage employees across the business. Also consider the different parts of the business that many CFOs now touch and how that impacts culture. For me that might entail sitting alongside our product development team to provide feedback on proposed new features for finance, or working closely with sales to help educate a prospective customer on Workday and our products, or discussing our finance goals in a town hall-style webcast shared across the company.

By partnering more closely with other company leaders, and even key stakeholders outside of the company, we can foster a sense of collaboration and openness that reverberates throughout the workforce.As CFOs, it’s true that we’re ultimately responsible for the numbers. But we also have a huge opportunity—and a responsibility—to help create a culture that inspires everyone to do their very best and work together to achieve common goals.

During the past 100 years, there has been only one major technical revolution in cars: combustion engine in 1890s. In the following 10 years, we will see not just one but four major disruptions in the industry: connectivity, electrical vehicles, self-driving and car sharing. In all of these the enabling technology is software. Where cars of today are defined by engines, cars of tomorrow will be defined by software. In this post we present two aspects of software defined car and benefits software can bring to cars.

Car of today consists of over 200 different electrical control units (ECUs) controlling the separate in-car systems. During the last decade the amount of ECUs has been increasing due to new car functions and features developed for comfort and convenience of driver. OEMs are facing a challenge of managing complexity and costs of modern vehicles.