business results. Typical external drivers for F&A transformation tend to be regulatory burdens, shifting competitive dynamics, evolving business climate and increasing expectations from the finance and accounting functions. And internal drivers for a finance and accounting transformation range from lack of sufficient controls to delays in financial … Finance service … Each of the three CFOs have their own unique methods for developing and defining programme goals, but they’re all in agreement that having targets is an important part of a finance trans… Today’s finance-function knowledge workers spend a third of their day on … As CFOs have risen to the rank of business strategists , they continue to face a multitude of strategic challenges within their function… Transforming accounting and finance functions are a non-trivial task, particularly it involves transformation involving the operating model, the key value streams and processes, people and their … Simons added: “Finance could be completely automated one day, but the discipline of finance will be ever more important.” For Underwood, “the role of finance is becoming a more value-add advisor.” How to deliver a successful transformation As always, business cost management is a critical element of finance strategy, key to driving efficiency in routine transactional … CFOs should have their eyes on the future and their feet firmly grounded in supporting the business today. The finance function must disrupt itself to meet the demands of its customers, including regulators, corporate boards, sales and marketing departments, suppliers, and internal and external auditors. For many senior executives, the notion of transformation … ... Finance transformation… It’s the CFO’s job to lay out in a clear and concise manner the business case … A bank with roughly 9,000 employees in its finance department was undertaking a large-scale transformation program to enhance process efficiency. The second case, although it too was an all-in transformation program, took a separate route: portfolio moves came first, followed by a transformation program focused on revenue growth and operational productivity improvements. EXL’s finance transformation team works with CFOs to digitally transform the finance function by effectively supporting implementing enterprise strategies, reducing cost, and reshaping talent profiles. Finance leaders struggle to balance increasing demands for finance function support with decreasing finance function budgets. A typical framework for doing so employs three key solutions to help overcome fundamental challenges and enhance the scope and effectiveness of the finance function. The value of a technology-led transformation within finance was explored in a recent survey of 157 senior finance executives, conducted by CFO Research in collaboration with software provider Longview.. March 01, 2019. Finance and accounting operations knowledge work can be standardized with transformation. The introduction of new technologies, … Finance leaders are improving business results by investing in commercial insight, spending less time on . This has led to CFOs being held to a pan-industry benchmark, finance … … How finance functions are transforming to drive . Technology disruption is upending many business functions, and finance is no exception. Transform, up-skill or turnaround your Finance Function When your finance function starts to struggle, sleepless nights can quickly follow. Finance transformation mandate: Do better with less. Today’s dynamic marketplace calls for a new breed of finance function. W… The role of the modern CFO has evolved to a highly strategic position with responsibility for digital transformation of finance … Finance Transformation. However, only 30% of finance transformation … Collaboration remains stubbornly stuck in email and conference calls, with limited visibility into the process. ... An evolving finance function shifts that … 20:39 - Moving forward. The finance function is undergoing massive change The role of the CFO as we know it today has evolved over time in response to the need for the finance function to add more value. 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