Download - Transforming Finance in a Digital Era
![Page 1: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/1.jpg)
Transforming
Finance in a Digital
Era
![Page 2: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/2.jpg)
The Four Forces affecting
Finance function today
Finance must understand
‘DIGITAL’ smart technologies
‘BIG DATA & ANALYTICS’ are
transforming finance, from
reporting to forward-looking BI
‘RISK MANAGEMENT’ has
never been more important
Managing conflicting demands of
‘STAKEHOLDERS’, and complex
relationships across boards
1
2
3
4
![Page 3: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/3.jpg)
No more ‘Business As Usual’
How will Finance lead the
Change?
‘7 steps’ where Finance function will evolve
as an Agent of Change…
![Page 4: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/4.jpg)
Re-align Operating Model 1
Finance teams will
provide their unique
‘value proposition’ not
by looking backwards…
…but by charging forward with innovation and new
business models.
![Page 5: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/5.jpg)
“By 2020, we will see
finance teams much
more as integrators of
information, process
owners and…
…sophisticated managers of third-party
relationships.” - David Fincher, E&Y
Drive Integration 2
![Page 6: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/6.jpg)
Raise new Finance Talent 3
Accountants will be
less in demand, while
data scientists,
sociologists, and
mathematicians will be
joining the ranks of
finance professionals.
![Page 7: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/7.jpg)
Reimagine processes 4
Finance professionals
will stop optimizing
and re-engineering
existing processes...
…rather they will
design optimal
processes that
leverage the limitless
possibilities.
![Page 8: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/8.jpg)
Automate Reporting 5
All finance information will be
available in a personalized
and secured way.
Information has to
be accessible
anytime anywhere.
![Page 9: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/9.jpg)
Dynamic Planning 6
Real time feeds
from internal
and external
data sources
will ensure that
forecasting can
be done
continuously.
Planning will
become thinking
as reaction will
become action.
![Page 10: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/10.jpg)
Leverage Big Data Analytics 7
Finance will
move to real-
time
analytics
through a
mix of
technologies
such as…
…cloud, predictive analysis, in-memory
and artificial intelligence.
![Page 11: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/11.jpg)
Agility is the Key Driver
Finance function needs to rapidly adapt
and steer itself in the new direction to
be the ‘Agent of Change’.
Are you
ready yet?
![Page 12: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/12.jpg)
Let’s stay in touch
https://www.linkedin.com/in/maninder-bhatia
https://mobile.twitter.com/_maninderbhatia
![Page 13: Transforming Finance in a Digital Era](https://reader036.vdocuments.net/reader036/viewer/2022062523/58f9a743760da3da068b583a/html5/thumbnails/13.jpg)
References
Four Forces affecting Finance Function
today – Source:
http://www.ey.com/gl/en/issues/managing-
finance/ey-cfo-program-dna-of-the-cfo
Image credits:
http://georgetownexec.com
http://www.google.com
https://www.dreamstime.com
http://www.mckinsey.com
http://www.oxbusinesssystems.com
http://www.greatlearning.in
https://www.compucom.com
https://clipartninja.com
https://pixabay.com