Accelerate digital finance initiatives across your function to achieve an autonomous future., whereby I agree to provide Gartner with my personal information, and understand that information will be transferred outside of mainland China and processed by Gartner group companies and other legitimate processing parties and to be contacted by Gartner group companies via internet, mobile/telephone and email, for the purposes of sales, marketing and research.
A successful digital strategy also requires knowing how to prioritize spending on digital technology. Our survey of more than 500 finance leaders revealed that business objectives related to performance and profitability were the biggest drivers of finance tech solution purchases. With so many rapid advancements in digital technology, prioritizing digital spend requires a deep understanding of solutions in the market as well as vendor capabilities and how the market is expected to evolve.
But the quickly evolving landscape of finance technology makes traditional technology selection and implementation practices inflexible and outdated. With large-scale transformation comes greater responsibility. Go beyond engaging with IT to collaborating on and co-leading digital delivery activity, which is defined as the actual creation or implementation and management of a digital system. Think: identifying and roadmapping technologies, working with technology vendors, developing or implementing a technology, ensuring security and compliance, managing the technology life cycle, and more.
To make the highest and best use of digital reporting capabilities, focus on the following activities:Understand and implement best-in-class management reporting practices.
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