The intersection between technology and human interaction has created an opportunity for leaders to re-imagine business. The nature of business is fundamentally evolving in all manner of ways; end users are changing, employees are changing, and the availability of tools is changing. All impact the way work happens and how we construct, organise, and operate companies.
CFOs have, in the past, used their gut to interpret the figures and understand what it means for their business by verifying what has already happened. They had no more to go on other than their intuition and experience. But data has changed that and altered the dynamics of decision making. CFOs are making a move from historians of the past to visionaries of the future.
In this session we take a look at what the future of financial management looks like and what role will AI play, exploring:
As organisations begin to undertake digital transformation efforts within accounting and finance, it can be difficult to understand the implications of such efforts for end-state financial, regulatory, and managerial reporting.
Organisations that take the time to review their underlying data infrastructure, ERP or chart of accounts design, automation approach, and technology solutions typically find greater success in achieving desired end-state reporting post-transformation.
During this session, experts from Workiva and Deloitte will discuss:
The automation market space is booming as a result of the potential to make fast, easy gains in efficiency and predictability, in particular around repetitive, mundane data entry type tasks. As such finance functions have been early adopters of this capability and some are now looking at the impact on low cost shared service models and the skills needed.
However the deployment at scale has led to new challenges in many organisations and highlighted issues with change, compliance and process alignment. The impact of factors such as Brexit and Covid have put a spot light on the need to be both digital and agile which has long been a challenge when so many processes are dictated through the ERP platform(s) being used.
This session will look at these challenges and examples of why a technology first mind set needs to be challenged and how the experience with new technology skills can add to the innovation for the business from the finance function.
In this interview, we will discuss how organisations can move away from the traditional workstyles that have worked for them in the past, and embrace a digital, data driven culture. We'll cover tools and technologies that can help with this, but we'll also look at the bigger picture of how to make digital transformation a success. We'll discuss the need to approach transformation not as a project but as an opportunity and a journey, and how to think through and manage the positive disruption for people, mindsets, functions and processes.