Finance 2020: Death by digital

Digital is killing your finance organization—and it’s the best thing that ever happened to it.

Organizations should expect three significant changes to guide their Finance 2020 evolution:

New operating model

Digital is breaking down and reconstituting traditional finance components. This digital breakdown elevates finance to the insight engine for the business, comprised of three essential elements: analytics competency centers, integrated business services, and communications and control center.

 New technology

Cloud-based platforms will be used for reporting, planning, forecasting and analytics. Next-generation digital capabilities and a cloud-based layer cut through complexity, augmenting ERP systems to free finance from inefficiency. With rich, multi-dimensional data in one place, teams apply advanced analytic toolsets to deliver sophisticated reporting and business insights.

 New hires

The most essential new talent will not be “finance” talent at all. Leading companies will hire statisticians, data scientists, behavioral scientists, economists and even anthropologists. This brings new value to the finance profession as a whole, opening up exciting possibilities for what tomorrow’s finance career can be.


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