In today’s digital world, finance must become more agile, forward looking and decision centric. Finance must become Digital.
The digitization of business is dramatically altering existing industries and creating new ones, amplifying business issues, shifting value propositions within and across industries, and changing the nature and conduct of business.
Digital technology has already transformed the customer and supplier relationship. Digital is now transforming how enterprises are structured, how they operate and how they manage and facilitate performance, including measuring, communicating, and acting on information to identify and help drive enterprise value creation.
For the office of the CFO, this means creating insights from the increasing volumes of data flowing across the enterprise. It means addressing stakeholders’ growing demand for access to the right information at the right time to make the right decisions - creating the need for agile information technologies and techniques. It also means crafting the strategic journey to support scalable enterprise growth in an increasingly volatile, disruptive and global world.
Through leading Enterprise Performance Management capabilities and practices enabled by emerging digital technologies, the CFO can use the power of Digital Finance to support its role as the guardian of the economic value agenda for the enterprise.