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Listen to the Strategy & Vision podcast
Do you have a plan to keep your finance function in business?
Major developments in technology and the external environment are set to transform the structure of finance functions and the way they operate.
Under pressure to automate and cut costs, finance teams will have to adopt new technologies and approaches to perform standard tasks more cheaply and efficiently. At the same time, finance has the opportunity to manage and interpret its rich data resources to exert a broader and more strategic influence on the business as a whole.
To avoid being swept away by these changes, you need a clear strategy addressing five fundamental areas.
The five fundamentals of your Finance strategy
To start shaping your Finance vision and strategy, think about the following five critical questions.
The role of Finance
In your vision, does Finance steer the business? If yes, are you ready to invest in radical change?
Augmenting the Finance professional
How much do you believe in automation? Are you willing to standardise to realise it?
The Finance operation
What control do you need over the operations of your future Finance function?
The Finance professional’s skillset
How do you give your people the tools they need to thrive in the future finance function?
Finance’s use of business data
How much business-generated data should Finance use to drive decisions?
What you need in a partner
- Someone who understands how other finance functions are responding to the challenges you face
- Someone working on live projects who can use the lessons learned to avoid potential pitfalls in your case
- Someone who’s not tied to a specific technology and is therefore free to find the best solution to help you transform your finance function
Want to learn more?
Download the report and talk to our experts for more insights into Finance Transformation
By signing up below you will receive our Strategy & Vision report.
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In our rapidly changing world, it can be difficult to articulate a clear and comprehensive vision for fear of it becoming obsolete moments after it’s been defined. That’s why we’ve developed the five fundamentals of finance strategy, a framework to help you set the foundation enabling you to build a strategy that’s fit for the future.
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