1. Automation of Routine Tasks: Technology helps in automating many financial processes like bookkeeping, payroll, and data entry, which allows the CFO and the finance team to focus on strategic tasks.
2. Real-Time Reporting and Analysis: With technology, CFOs can have real-time access to crucial financial data, which helps in faster and more accurate decision-making.
3. Risk Management: Technologies like AI and machine learning help in identifying and managing financial risks, fraud detection, and ensuring compliance.
4. Strategic Planning: Advanced analytics and forecasting tools aid CFOs in strategic planning, budgeting, and forecasting.
5. Improved Collaboration: Digital tools facilitate better communication and collaboration within the finance team and with other departments.
6. Digital Transformation Leadership: As organizations undergo digital transformations, CFOs play a key role in guiding investment in the right technologies and overseeing the financial implications of the transformation process.
7. Enhancing Cybersecurity: With increasing digitalization, the CFO has a role in ensuring the financial data's security and privacy, requiring knowledge about cybersecurity measures.
8. Cloud Computing: Cloud technologies offer scalable and cost-effective solutions for storing and managing large volumes of financial data.
9. Integration of Financial and Operational Data: Technologies like ERP systems help integrate financial data with operational data, providing a holistic view of organizational performance.
10. Driving Innovation: Understanding and leveraging new technologies like blockchain, AI, big data can provide a competitive edge and drive innovation in the financial operations of the company.

Each of these aspects emphasizes the significant role technology plays in the modern CFO's responsibilities. Being tech-savvy is increasingly becoming a critical skill for CFOs.