Why CMOs should boost their financial acumen

Stronger performance through mutual understanding

In today’s fast-changing, highly competitive environment, marketers need to know more than how to create and measure great customer experiences. They need to know how to manage current and future spending to align with their company’s broader financial goals. Marketers can also better understand how to create a budget, manage accounts, and determine relevant key performance indicators (KPIs).

At the same time, finance professionals can learn the language of marketing and how marketing initiatives relate to financial performance. Mutual understanding and appreciation of roles and responsibilities within marketing and finance can create a stronger overall business and brand.