Finance as a function has been historically very transactional in nature, more focused on repetitive tasks that add very little value to the organisation other than creating reports.
Although they are often expected to do more with less, many are still relying on outdated manual processes and tools. Managers want more insight into what is happening in the business, and the demand for information is immediate.
In today’s demanding and ever-evolving marketplace, the traditional way of working is not sustainable. There is an urgent need for finance functions to transform into agile and relevant business partners, able to provide stakeholders with actionable insights in real time.
With this white paper, we will explore:
- The necessity and benefits of transforming traditional finance functions
- The factors that cause transformation initiatives to fail, and
- The framework that can ensure successful finance transformation