Information Technology

Gartner Glossary

Finance Transformation

Finance transformation describes strategic initiatives aimed at reenvisioning the finance function to align with the overall company strategy. Finance transformation may consist of restructuring and implementation of the finance operating model, accounting and finance organizations; accounting and finance processes; financial capabilities; and replatforming of finance and accounting systems. These changes may purport to revolutionize the way an organization manages its financial function and the associated processes, internal controls and financial reporting.

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