An opportunity of value creation, digitalization, operational excellence and organizational simplification.
Today’s enterprises are facing unprecedented change and disruption that threatens their future viability. The need for increased experience centricity and growth, changing workforce demographics, converging industry models, the shifting geopolitical and regulatory environment, as well as the rise of new business models, big data, and emerging technologies are disrupting businesses across all sectors.
In their wake, CFO’s are looking to their finance function to take on a considerably broader and deeper set of strategic responsibilities than ever before.
Indeed, today’s finance function must not only ensure the integrity of financial outcomes, but also leverage both internal and external data to provide predictive and prescriptive insights to drive optimal business performance and real-time decision making. Facing the need to evolve their business models, corporations heavily depend on finance to deliver improved quality, process standardization and consolidation, and cost savings, as well as identify opportunities for value creation. Additionally, finance is increasingly responsible for driving the evaluation, allocation, and monitoring of new technologies, platforms, customers, and products.
So, what needs to change with finance? In one word, plenty. CFO’s who rapidly design a more nimble, effective, and technology- and data-driven finance organization to address the disruption will be able to change the challenges they face into opportunities.
The most successful CFO’s are transforming their finance organizations by disrupting their own operating and business models.
Leading finance organizations have developed an agenda to deal with this disruption:
To stay ahead of the curve, leading CFO’s are changing the means by which they deliver products and services to their stakeholders, with deep focuses on:
Business is no longer business as usual. The key to success is proactively taking the first step by developing a blueprint for how your finance organization can turn disruptors into opportunities for competitive advantage and growth.