By: Ciopages Staff Writer
Updated on: Feb 25, 2023
The accounting and finance transformation vision is a fundamental rethinking and reimagination of the finance function to support the modern business environment powered by digital technologies. The era of finance being a purely back office function is history. Today, the accounting and finance transformation vision, in progressive enterprises, the world over, is to be an efficient recorder of transactions, an ally for corporate growth, driver of insight-driven strategy, and an agile responder to dynamic shifts in the economy/industry/firm. The transformation vision and action plan are also dependent on how a particular company is doing relative to the peers based on standard finance benchmarks.
Before we explore the finance transformation vision, please do check out CIOPages.com. We offer a variety of finance and accounting transformation resources and a set of customizable deliverables as a part of the Finance and Accounting Transformation toolkit.
While the finance function is as old as business itself, the transformative technologies reshaping the world of business – such as cloud computing, big data, artificial intelligence, robotic process automation, the cybersecurity considerations, and changing stakeholder expectations – are also having an impact on the business of finance.
What is your company’s accounting and finance transformation vision? Please share your ideas and thoughts.
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