Taking a fresh look at the latest technologies CFOs can use to transform their finance function and add more value to the business, all while balancing performance, efficiency, and risk.
The past few decades have witnessed significant growth in the demands and expectations of finance leaders, mainly as they have become central to helping their organizations chase growth in an increasingly complex business world.
In forward-looking organizations, the role of a CFO is evolving from “transactional and cost efficiency” focused on “strategic value-addition” focused.
Despite their increasingly dynamic role, many CFOs are failing to recognize the impact the digital shift is having on their business and operating models.
EY’s Global Capital Confidence Barometer survey of 652 CFOs, in addition to in-depth interviews with CFOs and CEOs, revealed that only 50% of CFOs are making the shift to a digital business model a priority over the next three years.
When asked what the biggest concern for disruption was for their business, only 12% of finance leaders said advances in technology and digitization.
The study suggests that many CFOs do not fully understand the impact that a digital shift will have on their business in the short and long term.
This eBook delves deeper into the evolving role of finance executives in this digital age, and the impact, different technologies will have on their future role.
CFOs who don’t embrace this technology shift will be caught playing catch-up as their competition takes advantage of the digital culture to gain traction in the industry.