DIGITAL ADVANCES ARE TRANSFORMING HIGH-PERFORMING HIGH-VOLUME BUSINESSES
Advances in big data, data analytics, and artificial intelligence are transforming the way corporations compete and how they interact with customers, vendors, and distributors. Amid this transformation, few parts of the enterprise are being forced to adapt more, or faster, than the finance function and shared services.
Within the finance function, CFOs, more than ever, are no longer expected to constrain their attention to their traditional mandates alone, i.e., accounting, financial planning and reporting, treasury, tax, and working capital management. At the same time they ride herd over those activities, CFOs also are expected to play a meaningful role in driving strategic planning for the business. Why? For starters, the CFO, more than anyone else in the corporation, has the broadest visibility into how the enterprise is performing, and the deepest understanding of how different levers impact its bottom line. And now, with advanced data analytics and the promise of artificial intelligence, CFOs have more tools than ever at their disposal to help draw insights from that broad visibility