Finance transformation is designed to revolutionize the way the corporate finance function manages its strategy, processes, internal controls and financial reporting.
Well-applied organizational design is critical to achieving autonomous finance because it increases transparency and representation in the finance function, aligns roles with digital changes and improves cross-finance communication — all of which empower digital investments to have a greater impact.By 2025, future-forward finance leaders expect their teams to be far more skilled in providing counsel to business partners and services to stakeholders in a digital world.
CFOs who can retain their digital finance talent and develop the core digital competencies within their teams have a distinct advantage in ensuring their finance teams drive efficiency, generate high-quality insights quickly and support enterprise digital transformation and optimization initiatives.to effectively support the business by 2025.
Advanced data and analytics is the category where most technologies are delivering high value and where finance executives expect to increase investments. These technologies include self-service data analytics, automated ML, cloud analytics, big data analytics and predictive analytics.Champion and develop a technology roadmap that enables finance to measure progress and gain visibility into the total cost of ownership of technology investments over time.
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Source: HarvardBiz - 🏆 310. / 63 Read more »
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