SF Magazine: Finance and Accounting in the Virtual World

“Accountants tend to be underappreciated by the business. But when the most tedious, time-consuming processes are automated, they finally have the opportunity to showcase their value. As they begin driving business outcomes instead of reporting on what happened four weeks ago, they’re more likely to garner recognition.”

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CFO Dive: Lack of Automation Preventing Efficient Financial Close: CFO Survey

“The key to driving tech adoption acceptance, particularly among finance and accounting teams, Choucair said, is to demonstrate how the technology is empowering, enabling accounting and finance staff to do more value-additive activities while removing the deadline pressure that accompanies manual processing.”

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CFO Dive: Only 20% of CFOs can forecast revenue, earnings beyond a year: survey

“CFOs will push up IT spending worldwide by 6.2% this year to a record $3.92 trillion, according to Gartner, as they accelerate their pre-pandemic plans for digital transformation by at least five years.

Given the disruption from the coronavirus, “this is the perfect time to actually start the transformation,” Ajmera told CFO Dive. “Everyone in the organization — board members, etcetera — understands the pain and understands the need.””

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Industry Week: The Complex Choreography of Supply Chain Resilience

“Building a resilient supply chain requires precise forecasting, the ability to rapidly adapt to short-term situations, supply chain flexibility, and being able to detect problems at an early stage. These capabilities must be captured in processes that rely on decision-making based on data available any time, any place.”

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CFO Journal: By Stepping Up, Controllers Can Keep Pace With New Demands

“As CFOs turn their attention to these enterprise-level and business model transformations, they often rely more on their controllers to drive finance transformation. Why? Controllers are critical to the three outcomes finance transformation seeks to deliver: enhanced information for decision-making and resource allocation; increased speed in reporting critical information to decision-makers; and increased productivity, cost efficiency, and capabilities of the finance organization.”

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Forbes: Accounting And Finance Tech Transformation In Hyper-Drive

“The tech revolution that is transforming business is not just about technology. It is about the humans behind the technology, and their ability to leverage these new and exciting tools in ways that add value to the business.”

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SF Magazine: The Digitization Essentials

This article from Strategic Finance Magazine lists competency in information systems, data governance, data analytics, and data visualization are the keys to an effective digitization strategy.

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CFO Magazine: Think of Digital Transformation as Modular and Nimble

These digital transformation priorities are listed as relevant to most organizations :

• Deliver real-time data to drive revenue.
• Streamline operational data to make quicker decisions.
• Identify cost reduction opportunities to save money.
• Reduce manual work to reduce errors.
• Improve analytics to deliver better insights.
• On-board new customers faster and more accurately for a better customer experience.

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CFO Journal: Master Data to Sharpen a Competitive Edge

“In some industries, digital technologies have already reshaped certain aspects of how the finance function conducts business—lowering operating costs, effort, and risk while increasing the analytic value and transparency of financial data. The steps companies have taken in the finance function include: Financial planning, Finance operations, and Decision support.”

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