How can #CFOs spearhead finance transformation in their organizations? In her latest article, EY's Deirdre Ryan details five essential steps: developing a clear vision, cleaning up data, identifying enabling technologies, rethinking operating models, and refining planning processes.
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Use it or lose it: The importance of embracing technology in finance departments. Our latest research into the changing role of the #CFO, on what makes a CFO effective. #technology #embracetechnology #financedepartment #deloitte #deloitteprivate
Use it or lose it: The importance of embracing technology in finance departments - The CFO
https://the-cfo.io
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Our 2023 Global EY DNA of the CFO report ranked technology transformation as the most important #CFO priority over the next three years. My colleague, Deirdre Ryan, discusses five steps on the path to a successful finance transformation.
5 steps for CFOs on the path to finance transformation
eyconsulting.smh.re
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Our 2023 Global EY DNA of the CFO report ranked technology transformation as the most important #CFO priority over the next three years. My colleague, Deirdre Ryan, discusses five steps on the path to a successful finance transformation.
5 steps for CFOs on the path to finance transformation
eyconsulting.smh.re
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CFOs are boosting technology transformation budgets as they continue to juggle economic challenges, according to this recent CFO.com article. "To have an efficient finance function, you've really got to have the best IT and the best platforms, and they're changing so fast," Paul Melville, national managing principal of CFO Advisory at Grant Thornton told CFO Dive. "Stay ahead of the game and ensure your business is optimal by investing in the latest technology. #CFO #technology #financefunction #investment
CFOs keep focus on tech, profitability: Grant Thornton
cfodive.com
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New technologies are rapidly transforming the finance landscape, significantly impacting the roles and expectations of finance leaders. While maintaining their role as stewards of financial integrity and compliance, today's CFOs are also at the helm of driving technological innovation, utilizing predictive analytics and forecasting to shape strategic decision-making. Instead of looking to the past to explain what happened, the role has shifted to a forward-thinking mindset based on data-driven insights. An article by Deirdre Ryan serves as a reminder that finance leaders looking to accelerate their learning and embark on a transformative path should take five key steps: establish a clear, practical vision; have quality data to drive actionable insights; understand which technologies will enable finance transformation; envision an operating model; and determine a business planning, reporting, and analytics process. https://go.ey.com/4bg8BGi #CFOInsights #FinanceTransformation #BetterWorkingWorld Nicolas Lecoq, Myles Corson, Hermann Sidhu, Gerohn Lanns
5 steps for CFOs on the path to finance transformation
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Interesting insights on the evolving landscape of controllership in the face of digital transformation. This article emphasizes the crucial role of ownership and active involvement of controllers as companies utilize technology. Key drivers, challenges, and attributes for success are discussed. A good read for finance professionals looking to drive meaningful change. #DigitalTransformation #FinanceLeadership"
Controllership’s Hands-On Role in Digital Transformation
deloitte.wsj.com
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The recent EY Global DNA of the CFO Survey shows that only 16 per cent of CFOs are confident that they have the support of a high-performing finance function. And just 14 per cent of CFOs are making bold changes to transform their finance function for the future. CFOs can foster innovation and change by cultivating a disciplined environment that encourages experimentation within defined boundaries and realistic expectations, effectively balancing control, risk awareness, and the potential for bold innovation. #cfo
Permission to experiment: The human side of finance transformation
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In an ever-evolving, technology-driven world, the role of CFOs is undergoing a remarkable transformation. https://hubs.ly/Q02b8QdL0 #CFOs #FinanceLeadership #Technology #Innovation #BusinessTransformation
The Changing Role of CFOs in a Technology-Driven World
ignitepossible.bramasol.com
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In an ever-evolving, technology-driven world, the role of CFOs is undergoing a remarkable transformation. https://hubs.ly/Q02b8BBH0 #CFOs #FinanceLeadership #Technology #Innovation #BusinessTransformation
The Changing Role of CFOs in a Technology-Driven World
ignitepossible.bramasol.com
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The #CFO role has shifted to a forward-thinking mindset based on data-driven insights. What steps can they take to help design the forecasting capabilities to inform decisions? EY Deidre Ryan outlines them in this article.
5 steps for CFOs on the path to finance transformation
eyconsulting.smh.re
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