Journey to Transformation: think big, start small, deliver quickly
What’s clear is that the classic finance model is changing quickly. Previously the Finance department could expect to spend around 50% of their time on operational activities, with just 20% apportioned to performance issues. That model has now flipped, with performance analysis, interacting with decision-makers and other strategic initiatives now accounting for around half of Finance’s time. How the Office of the CFO adjusts to its evolving role is critical, particularly as it works to build both its understanding of digital technologies and the increased importance of data analytics.