Technology disruption is upending many business functions and finance is no exception. Cfos should have their eyes on the future and their feet firmly grounded in supporting the business today.
As a result 85 of finance teams are currently undergoing or planning a finance transformation.
Finance transformation. Finance transformation in a rapidly changing marketplace the finance function has a key role to play in delivering efficiency insight and value to the business. A finance transformation is a fundamental change in how the finance function operates to achieve a significant improvement in current performance by delivering services that better meet the needs of the business. Finance leaders struggle to balance increasing demands for finance function support with decreasing finance function budgets.
However only 30 of finance transformation initiatives deliver the forecast benefits to the business. This includes getting the right people involved in the project finance it and line of business lob stakeholders. That s where deloitte s finance transformation services can help.
It includes driving efficiency in finance and operational processes and ensuring they re aligned. Achieving finance transformation requires changes in people processes and the technology to support those processes. The introduction of new technologies increased volumes of data regulatory changes and the need to deliver more for less adds to the pressure on cfos and finance directors.
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