Data on a Touch Pad

6 PILLARS OF THE FUTURE OF FINANCE

August 16, 2021

Finance transformation is about moving beyond the traditional finance role of transactional reporting and historical reporting and evolving to a more forward-looking model that aligns to strategic objectives, delivers actionable insights, drives growth and profitability.


KPMG argues the future of finance is built around six inter-related pillars:

Strategy and Value Management

Finance must continually balance how it preserves, protects and creates value.


Extreme Automation

Daily transactional processing activities are automated as much as possible, leveraging technologies such as robotic process automation (RPA), AI, advanced analytics and, in time, augmented reality, blockchain and quantum computing.

Data Strategy and Governance

Establish a foundational data strategy and an enterprise wide data ecosystem, integrating multiple sources, to drive and deliver desired business outcomes.  It involves investment in data structure, data architecture and analytics. Data delivery must be tailored to the optimize customer and employee experience.

Organizational Agility

A finance organization that is agile, flatter and easier to work with.  Continuous transformation of service catalogue, delivery  model and workforce to satisfy changing business needs.

Modern Workforce

Changes in technology and organization create demand for new talent with modern skills and competencies, such as analytics and higher-level programming

Risk and compliance

The CFO agenda demands a transformation of risk management that supports—rather than hinders—innovation.

8 characteristics of a digital organisation.png

8 CHARACTERISTICS OF A DIGITAL ORGANISATION

August 17, 2021

The Institute of Chartered Accountants in England and Wales identifies eight characteristics of a digital organisation.

ICAEW goes on to say Finance needs to support the business in responding to Digital disruption as well as becoming more digital as a function itself.

Conversation Between Colleagues

8 PREDICTIONS FOR THE FUTURE OF FINANCE

August 16, 2021

Coming soon

Informative Interview

PLANNING A 3-YEAR BUSINESS STRATEGY

August 16, 2021

Coming soon

Modern Work Space

CFO OR ACCOUNTANT?  THE DIFFERENCE EXPLAINED

August 16, 2021

Coming soon