New Technologies Transforming The Finance Function
January 2, 2017
Today, the idea of CFOs as business strategists has never been more relevant. Challenged with
finding new sources of growth in an increasingly competitive, uncertain environment, CFOs are
being pushed to take a more strategic, future-oriented view of their role. A focus on mergers and
acquisitions, capital investment, or both now shares attention with everyday responsibilities for
costs and cash. When the CEO and the board are deciding, say, whether to buy another company
or introduce a new product, CFOs have to muster the information and timely insights they need.
To do so, CFOs must reshape the finance function and their role. Advanced technologies such
as big data, cloud computing, mobile devices, and enterprise access to in-memory platforms,
predictive analytics, and planning software can help CFOs make better and more sophisticated
use of data, influence decisions, and take practical, timely action.