often been perceived as a backoffice function primarily focused on number crunching and transaction processing. However, the landscape is shifting dramatically.
This was the key theme of Workday’s recent event, “Transforming Finance: the Future of Finance in Financial Services,” held at the JSE. During the event,to explore the evolving role of finance professionals in an era defined by rapid technological advancements and complex global challenges. The discussions led by experts Viren Patel, Europe, Middle East and Africa industry advisor at Workday, and Andries van den Berg, finance and performance leader for Deloitte Africa, provided invaluable insights into how finance leaders canThey agreed that while finance departments have experimented with automation technologies, such as robotic process automation , there remains significant potential for these solutions to be implemented more strategically, end to end.
They also pointed out that adopting a standardised data infrastructure is critical to achieving this agility. A unified approach to data management ensures that finance teams have access to real-time, accurate information, which is essential for informed decision making. By establishing a single source of truth, organisations can enhance their financial reporting credibility and streamline processes.Another major discussion point was the evolving skill set required for finance professionals.
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