Managing digital transformation is a way of life for the modern CFO. It is an essential rite of passage for
companies that aim to automate the routine tasks that finance teams have traditionally performed, while ensuring that finance professionals have the analytical acumen to understand the impact of changes to the business model such as adoption of new revenue streams, expansion of offerings, and new delivery options for products and services.
Most finance executives expect digital transformation to have an outsized impact on the future of the finance function in the next two to three years. An overwhelming majority (86%) anticipate improvements to process quality, costs, and customer experience, according to The Hackett Group’s 2019 Key Issues Study. Those findings were confirmed by a recent survey conducted by RecVue during a webinar with ACI Worldwide. Nearly three-quarters (72%) of participants reported that their companies are actively engaged in business transformation initiatives.
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