In this case study, Silvio Giorgio, General Manager, Group Finance Operations at Australia Post, shares insight into Australia Post’s finance transformation journey to date, including the technologies they will be rolling-out to drive efficiency and innovation and how they are moving their finance function into the role of a strategic business partner.

Finance teams of the future will no longer be confined to back-office silos. Modern Finance teams now have the opportunity to emerge as strategic partners, providing valuable business intelligence and supporting key decision-making.

Looking to drive the Finance function forward National Australia Bank (NAB) announced a strategic partnership with Melbourne Business School (MBS). This partnership helped to prepare 60 of NAB’s finance professionals for the disruptive changes which are coming in banking.

That was three years ago though and so far the 12-month customised course at MBS has helped boost the analytical and problem-solving skills of hundreds of the bank's finance specialists; ensuring the Finance team becomes a central function, not just a support function.

Ahead of the Future of Finance and CFO Summit 2019 we chat to Fiona Dickinson, Head of Consumer Lending Finance at NAB. In this article Fiona shares NAB’s Six Pillars of Finance strategy and delves into how the bank’s innovative partnership with Melbourne Business School is helping NAB achieve goals and transform finance. 

Ahead of the Future of Finance Summit 2018, we present five strategies that finance transformation leaders from a host of sectors including BFSI, Higher Education and utilities are harnessing to transform their finance function in a bid to streamline and optimise processes.  

Ahead of Future of Finance 2018, we present five strategies that major organisations such as; ANZ, icare, Maquarie Group, NBN Co and Monash University are using to enhance their finance function and the assets surrounding it to achieve factors such as:

• Delivering further business value by enhancing data analytics and processes with automation
  
• Increasing the efficiency of underlying processes
• Maximising the value of company data through consistent analysis
  

CFOs can choose many different paths and destinations for their organization’s finance transformation. To ensure a successful journey, it’s essential to fully understand the possibilities and have accurate insight into your own pain points and industry trends.

Ahead of the Future of Finance & CFO Summit, we'd likek to share BlackLine’s new CFO Playbook, “Finance Transformation”, which will give you the top industry trends, stats, benchmarks, and practical guidance you need to accelerate your finance transformation journey.

Download your copy to learn:

• 5 key finance transformation benchmarks
• 6 before and after examples of transformation
• 10 top enablers for moving the dial