Tag: digital finance

Accelerating digital agility in finance teams – Part Two

Digital First means People First.

“The next big thing isn’t Artificial Intelligence. It’s people.” said Xero’s co-founder, Gary Turner. Hmm, we’ve heard this before, “people are our biggest asset”, as so many CEOs say, but this type of people focus isn’t about selling your company’s human capital asset.

If the aim is to accelerate your digital capability, whether it is the automation of reporting and forecasting, automation of processes or other digital and data projects, we have to start with people, and specifically, behaviour change.  

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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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What does a post-digital Finance function look like?

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.

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