Digital technologies, such as social media, mobile apps, analytics, and the cloud, are revolutionizing the way in which businesses interact with their customers, suppliers and partners. Companies in all industries are challenged to adapt their business and technology strategies, as well as their operational processes, to these fundamental changes – they are urged to undergo a ‘digital transformation’.
This also affects the finance function and will change operations, processes and structures within this business unit over the next few years. It has been said that digital technology is killing your finance organization, but there is no reason to mourn the loss. Different studies expect that within five years from now, cross-functional integrated teams will deliver up to 80% of traditional finance services. Finance-staff productivity will increase by two to three times. As a bonus, the finance organization’s costs will decline by 40%.
But digital will not only have an impact on the way in which the finance function operates and interacts with other parts of the business, it will also change the role of the CFO: it deals in analytics and forward-looking decisions to create value and manage risk. It shifts traditional accounting and processing to cross-functional, integrated business service models that use robotic process automation. It trades reporting the past for predicting the future.
Not all CFOs’ digital agenda’s and priorities are the same. So we invite CFOs to share their digital agenda with you. They will most certainly inspire you, and you will go back to the office with new insights and ideas to start with. We invite our keynotes to reflect from their perspective about the following questions: What are the key challenges and strategic priorities for the finance function and how will they change over the coming years? How does one perceive the importance and impact of different digital technologies for the finance organization, and how well is your organization prepared to take advantage of these technologies? To what extent are different digital technologies perceived as enablers for the finance function to achieve its key objectives? What capabilities are required within the finance function in order to achieve key objectives, and how well can your organization fulfil these capabilities? How will your role change, and what are the implications for the decision making processes and cooperation with other parts of the business? What role do external business process service providers play, and how will this change? In what areas are they perceived to add benefits? How can they support digital transformation initiatives?
Please join our seminar and be part of this amazing platform.