Deloitte Innovation Forum on Finance Transformation successfully concluded
Deloitte Innovation Forum series on "How Disruptive Technologies Enable Transformation under Corporate Finance Challenges" have been successfully concluded. The forum series were held in Shanghai, Hong Kong, and Beijing, bringing altogether nearly 200 CFOs and finance executives.
Deloitte experts shared their insights on current corporate finance challenges and future trends, and elaborated on nine leading Innovation Assets on transformation toward intelligent corporate finance. The guests actively engaged in the discussion with Deloitte experts regarding the key issues and assets on finance transformation.
【Keynote speech】Predictions 2025：Finance in a digital world
Keynote speakers reviewed major changes in the past and looked ahead into future finance work in 2025. Future finance will go beyond traditional functions to focus more on business insights and services, facilitating the integration of business and finance. The widespread use of technologies such as mobile tools, digital models and analytics will unleash human capacity significantly for further development, thanks to an optimized combination of humans, robotic process automation, and computer algorithms. Companies will face an increasing demand for talents with both digital technology knowledge and business skills. In the meantime, real-time reporting will become an industry trend as the volume of data keeps growing exponentially, which will disrupt traditional finance work.
【New leasing standards and innovation assets】
Deloitte experts compared IFRS16, USGAAP, and PRC GAAP, pointing out their potential impacts on corporate finance data, business process, and system integration. Effective innovation assets were also introduced to guide corporates in coping with finance challenges. Smart Lease Solution provides a comprehensive solution for leasing standards conversion to enable accurate conversion for clients. Leasing Accounting Platform can automatically identify leasing accounting as per IFRS16 and then convert the accounting information, with related outcomes generated and exported in the system. It can also be integrated with the downstream ERP or reporting system.
【Other Deloitte enterprise finance transformation solutions】
Traditional finance work is facing major changes. Deloitte Innovative Assets provide effective solutions to financial processes, role functions, resource allocation, information and data integration and other corporate tasks, in response to the urgent need for finance transformation.
Insight EVR provides automated export tax refund data processing to reduce repetitive manual work, therefore improving efficiency and controlling risks.
The 4th Report is a performance-based report with non-financial data at the core to provide a more comprehensive evaluation system and deeper management insights, focusing on the value of data asset.
Advanced financial analytics platform fully integrates cutting-edge technologies in data analysis to provide strong support to strategic decision-making through financial analytics.
Service Operation Platform starts with safeguarding operation mode, in order to help clients transform in SSC organization structure, shared operation and performance visualization.
Process Bionics takes advantages of visualization and digital process imprinting reproduction to help enterprises analyze and identify hidden problems in the process.
Business Digital Hub provides a spectrum of back office services including strategic decisions, growth planning, financial management, and technology selection.
Intelligent Finance Robot can support more complex business scenarios with technologies such as natural language processing, voice recognition, and machine learning.
For more information about the forum, please contact Deloitte China Innovation Department via email@example.com
About Deloitte China Innovation Department
Founded in 2011, Deloitte China Innovation Department is dedicated to providing the clients with "high-value, high-tech and high-touch" services and experience, and promoting Deloitte's innovation development in China by collaborating with 17 innovation departments of Deloitte Global network. By leveraging SPEED SET, a revolutionary acceleration model on Greenhouse platform, Deloitte China Innovation Department senses and engages global cutting-edge and disruptive innovation technologies, connects internal and external resources, facilitates innovation transformation and builds win-win innovation ecosystem by connecting enterprises, government institutions, universities, incubators and innovative technology companies.
For more information about Deloitte Innovation Assets, please click to download the Deloitte Enterprise Finance Transformation Solutions brochure.