The Ledger
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Tag Archives: modern finance
Three Ways CFOs Can Be a Catalyst For Change
Largely driven by advancements in technology, today’s corporate finance leaders are expected to work more collaboratively with functional areas in their companies and are well-positioned to positively support enterprise-wide performance and strategy. In order to influence business outcomes, CFOs need to be a catalyst for change by playing a much bigger role in shaping corporate strategy, implementing key initiatives, and providing data, guidance and insight. Modern finance leaders are driving performance in three areas – operations, technology, and talent – and can impact all areas of the business as they continue evolving from finance and accounting managers to strategic business partners.
Re-imagine the Finance Function with Intelligent Technology
The CFO’s role is evolving, and intelligent technology is helping them work more efficiently and add greater value to the businesses. Intelligent technologies are no longer just a “nice to have” pipe dream; they’re a business reality that is changing how organizations function. Through an intelligent finance operating model, CFOs can help transform the finance function; moving from transactional and reactive to proactive and strategic. This isn’t just about achieving operational excellence, but reshaping the way businesses fundamentally work and engage with technology. CFOs are now able to overcome the burden of manual, time-consuming accounting and reporting by implementing intelligent finance applications and processes enterprise-wide to improve efficiency and free up time for more strategic tasks.
Read More at The Digitalist by SAP >