Your forecasting solution is falling short. But what are your options? Here is a brief guide to what financial planning solutions can do and which pain points they can solve.
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.
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.