CFOs are asking themselves this question everywhere in the world: how should we structure a modern ‘digital finance’ function? It feels a little too much of an unknown to answer. However, there is actually a very short and simple answer: it needs to look more like an IT department.
Continue reading “What does a post-digital Finance function look like?”
What’s a finance leader to do?
If you believe the hype, automation and AI are flipping finance departments on their heads. But the reality is that many finance teams are struggling to implement the digital practices and data-enabled tools that could turn their departments into an efficient creator of strategic value and insight, not just another cost-centre to be optimised, trimmed, and outsourced.
Continue reading “How can finance leaders get started with data-enabled digital transformation?”
Back in May 2019, the market told us what Thomas Cook accountant’s and financial reports were not prepared to say, “According to Citigroup, Thomas Cook’s tour operations and airline are worth £738m, but its debt is around the same “and implies zero equity value”.
It was effectively worthless, and so were the financial reports that went with the “material uncertainty” statement and £1.5bn half year loss.
So is this the death knell for traditional financial reporting, or do we carry on regardless?
Continue reading “Why the end of Thomas Cook is one step closer to the end of Accounting”
