Time to get real
What do finance leaders think will help them outmaneuver these looming threats? Real-time finance, which uses a data-driven, intelligent operating model to give CFOs a continuously updated view of the entire business.
99% of leaders surveyed said it’s important to have real-time processes and operations in place to inform better business decisions. But are they moving fast enough? Just 16% have scaled current finance processes and operations to real-time. However, 44% plan to have nearly all finance processes and operations in real-time over the next three years.
What’s the delay?
Finance leaders face a wide range of obstacles in making this transformation, including:
- The right operating model
- Access to data
- Appropriate technologies
- Skilled talent
How finance leaders can outmaneuver disruptions
Today’s finance function is in a unique position to respond quickly to high-impact events that can affect markets differently and drive positive change.
Intelligent Finance Operations helps companies transform the finance function from a transactional service to a strategic asset. When a company embraces this model, its "Core Finance Operations" become touchless, data-driven and intelligent. These core functions work hand-in-hand with its "Strategic Finance Operations," which enable finance leaders to quantify and evaluate different possible future outcomes, build scenarios and strategize accordingly.
Think of it as two complementary parts of a powerful engine fueling how finance delivers value: the stronger the core operations are, the swifter the pivot to the strategic can be. And the more real-time the strategic insights, the better or more streamlined the core can be.
This approach frees up a company’s finance team to focus on the future, planning for both normal business environments and chaotic ones and giving finance leaders confidence in their actions and contingency plans.
The power to manage the future
Investors expect today’s finance executives to innovate, fend off risks, capitalize on competitive strengths and jump on opportunities before other firms beat them to it.
The opportunity is clear: By embracing change and making the move to Intelligent Finance Operations, you can take full advantage of the finance function’s increasingly elevated role, while positioning your company for growth.
Client case studies