Rethinking your business with the digital financial technology

Article

Rethinking your business with the digital financial technology

Executive Summary

Although finance transformation initiatives can take vastly different paths based on the European Union industry characteristics, many challenges are common across virtually all transformation initiatives. These challenges can be summarized as such: intensive manual transactional processing, multiple sources of financial data, conflicting regulated and management reporting, difficulties to reconcile regulation requirements and best practices, insufficient reporting, and aging systems—these issues come with the life and history of the institutions. One of the answers from CFOs is to generate early successes and build momentum by deploying the digital financial technology that takes aim at these challenges by getting their house in order before unexpected challenges come knocking.

Inside Magazine - EU edition 2017

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