Published: 18 July 2024
Despite rapid advancements in finance tech, 70% of finance leaders say their function’s transformations lack impact or speed. Realizing technology’s full benefits requires redesigning the function’s operating model, which grants finance transformation leaders an opportunity to elevate their role.
Innovations in finance technology, particularly AI/machine learning (ML) tools, have exposed fundamental weaknesses in the function’s current operating model. For most, finance’s organizational structure no longer reflects how work gets done, its ways of working often predate process automation and its technology architecture substantially lags the state of the art.
The finance transformation leader (FTL) is best positioned to help the CFO evolve the function toward a fully digital operating model, thanks to their outside-in perspective, financewide view and knowledge of transformation best practices.
CFOs need FTLs to be a “pragmatic visionary” — coequal in reimagining and evangelizing a
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