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Tag: Finance Transformation

New Report on Finance Transformation From AICPA & CIMA and KPMG

In the past years, finance has been undergoing significant changes in order to streamline its operations and free up more time to partner with the business and support key decision-making processes that drive enterprise performance. Sadly, not all finance transformation initiatives are achieving the expected outcomes or return on investment…

A Proactive Approach to RPA Adoption

In order to enable their team members to focus more of their time on higher value, higher satisfaction tasks demanding high levels of flexibility, creativity, critical thinking, problem-solving, leadership and emotional intelligence rather than repetitive tasks, CFOs are increasingly turning to RPA. Short for Robotic Process Automation, RPA uses software…

The Accuracy in your Forecast Matters More than the Forecast Itself

One of the roles of the FP&A function is predicting future business performance and help business leaders prepare for an unplanned future through forecasting and decision support. Although anticipating the future is challenging given today’s fast-changing environment, looking ahead is increasingly essential. The world is far, far more complex than…

Challenge of Finance Best Practices and What CFOs Should Do About It

The modern CFO is touted as the right hand man of the CEO, providing strategic and operational decision support. No longer is the CFO only responsible for preparing and interpreting financial statements based on historical accounting data, but also for taking a holistic view of business performance and helping the…

Human or Machine Intelligence? Augmentation Key to Better Forecasting

Forecasting is an invaluable process for any business. A forecast can play a significant role in driving company success or failure. For example, high forecast accuracy helps a business anticipate changes in the market, identify growth opportunities, reduce risks, analyze  root causes of performance and proactively respond. On the other…

Finance Value Creation Goes Beyond Running the Financial Side of the Business

Advances in technology are helping the finance function reduce operational costs, streamline processes and improve productivity. Thanks to automation, tasks that used to take months to complete are being completed in weeks and those that took weeks to accomplish are getting done in days. For instance, advanced analytics and robotic…

CFOs Beware: Don’t Get Caught Up In the Hype of New Technologies

In one of my articles, Finance Transformation: From Efficiency to Effectiveness, I recommended CFOs to first identify a business problem before investing in a new shiny piece of technology.  Today, there is so much talk about digital transformation and the immense potential of new technologies to drive business performance. With a plethora…