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Embrace the future

Finance transformation for the consumer industry

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Embrace the future: Finance transformation for the consumer industry

For consumer companies, the future of finance is happening now. Against the backdrop of the pandemic, the finance function faces pressure to elevate its role as a strategic adviser. Meanwhile, exponential growth of new technologies is intensifying traditional finance challenges. In this podcast, Sam Loughry, Consumer Speaks host and Deloitte & Touche LLP Audit & Assurance Consumer industry leader, is joined by Kirti Parakh, Controllership Transformation–focused senior manager in the Deloitte & Touche LLP Audit & Assurance practice; and Diana Sweetwood and Shawn Frost, senior managers in the Deloitte Consulting LLP Consumer practice. Together, they examine factors accelerating the evolution of finance and common challenges facing CFOs and other finance executives today.

With how dynamic our world is today, it really is a perfect time to reinvent finance—to take what was static and make it dynamic.

–Kirti Parakh

How can consumer products companies stay relevant and be future-ready with analytics?

At the start of 2020, the consumer products industry was addressing traditional operational issues and slowly adapting to emerging consumer trends. However, the COVID-19 outbreak may have fundamentally changed consumer demand and the integrated supply chains that serviced it, defining a “new normal” for businesses and altering some category dynamics forever. The acceleration to advanced analytics has become table stakes for companies that need to adjust to this new normal.

From chaos to insights: Digital transformation trends for CPG

Despite increased investment in digital technology, many consumer packaged goods companies still operate with disorganized and disconnected product data. Learn how organizations that make the leap to transform their data strategy can improve margins and increase collaboration across the CPG supply chain.

Revolutionizing enterprise service delivery New shared services models are boosting efficiency and agility

The days when a CFO’s job was mainly about providing day-to-day financial support are long gone. Finance chiefs for years have been leading transformations that touch nearly all parts of the business. So what’s different today? A lot.

The dual health and economic crises triggered by the COVID-19 pandemic have upended long-held orthodoxies about the nature of work while amplifying the CFO’s role as chief transformation officer. After the outbreak hit, lockdowns forced countless employees to do their jobs from home; supplier networks needed to be reshuffled across regions to ensure business continuity; finance teams had to close the books and file 10-Q reports remotely. The list goes on.

The Crunch time series for CFOs

Whatever your interest, one thing is clear: From cloud computing and robotics to analytics, cognitive technologies, and blockchain, a new class of digital disruptors is transforming how the work of Finance gets done.

About consumer speaks

On the Consumer Speaks accounting and reporting podcast series, you’ll hear from our Deloitte leaders and professionals as they share their experiences and insights on timely topics across the automotive, consumer products, retail, wholesale and distribution, transportation, hospitality, and services industries. Stay informed on the hottest topics facing these industries and how they can affect your business.

Subscribe today and visit the Consumer Speaks library for the full collection of episodes.

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This podcast contains general information only and Deloitte is not, by means of this podcast, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This podcast is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this podcast.