As one major consultant noted, “In today’s digital world, finance must become more agile, forward-looking, and decision-centric. Finance must become Digital.”
Traditionally, the role of fi nance was principally focused
on managing cost, fi nancial accounting, and reporting.
Processes were rigid and spreadsheet-driven;
information requested and drawn from business units
provided limited feedback and insight into the business
itself.
Financial systems were complex, infl exible,
and required signifi cant technical support from IT for
set-up, administration, and ongoing maintenance.
Increasingly, those systems are proving inadequate to
CFOs and fi nancial decision-makers whose roles are
changing with the times.