Is now the time to cancel your Digital Programmes? Part 2

Programme assessments can help CFO’s rapidly shape the tactical “new normal” and make informed decisions about their programme’s future.

As we head further into the new normal, many CFOs’ and will be left facing a financial shortfall, scarce resources and conflicting priorities, which require them to make difficult decisions about whether to proceed with their planned digital transformation programmes. Organisations with a mature digital operating model pre-COVID may have been able to adapt and survive more easily than those with without, either way CFO’s will be under pressure to invest in tactical digital programmes which help sustain the survival and move an organisation to the new normal. Time and cost already invested, business and investor expectations and commitments made, can make it challenging to reach the right conclusion in a short space of time.

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Starting your journey to Finance Transformation

The ‘Last Mile of Finance’

We speak with many organisations who have invested in technology to improve their financial consolidation, planning, or reporting processes. And yet, the ‘Last Mile of Finance’, the production of documents, such as a monthly report books, regulatory submissions and annual statements, remains a silo’d and manually intensive process that consumes the valuable time of the finance team. This article investigates why this is and how it can be addressed as a simple first step on your transformation journey.

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Digital Finance Function skill shift – Evolution of the finance function

If you could start by sketching a finance team on a blank piece of paper, would it resemble in any way the structure we see today? Would the design you come up with still be relevant considering the rapid changes brought about by the ongoing pandemic? Digitization has become a realistic goal for finance functions to remain highly relevant, especially when there is an ever more pressing need to react quickly.

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