What are the specific skillsets and competencies that finance professionals need to succeed on a team undergoing finance transformation?

Project Management: It is important for a finance professional to understand and apply the project management approach.  To ensure project success, professionals should be able to think critically about interdependencies and identify potential points of failure. Additionally, they must be skilled in contingency planning, establish clear milestones, and measure success along the way. By mastering these key project management principles, finance professionals can effectively lead teams and drive projects to completion with confidence.

#1 Data Literacy; not that every financial professional needs to be a programmer but they need to be able to understand how technology can be applied into a function. There are do many exciting tools being sold with the promise of incredible ROI but not all solutions are applicable for every business.

Understanding how to think critically about the data the will be needed to run a tool and if it will truly help your team to be more efficient or drive real financial savings. One of the hardest parts of change management cycle when transforming finance is the failure to meet expectations and data literacy is the key tool is leaders and team members aligning on realistic visions of the future.