CFOs need to be right at the centre of the digital transformations presently taking place. A lot of such finance leaders tend to let the technology part of digital finance be handled by tech experts. But this may not cut ice for much long, as stakeholders now expect real- time financial business intelligence to originate from the CFO’s office. Among all the areas where technology is proving to be a part of business, there are four which hold the top potential. One is in the area of robotics and automation, which will help propel the processes in finance. Another is through the use of advanced business analytics to help support decision- making. The same analytics can also be a boon for business operations to discover unknown growth opportunities. Data visualization meanwhile, will provide real- time financial information to the end users.

Source:https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/memo-to-the-cfo-get-in-front-of-digital-finance-or-get-left-back

Uploaded Date:12 June 2019