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Financial services industry controllership modernization
A series of perspectives for controllers within FSI
Regulatory expectations for financial institutions are at an all-time high while the need for highly granular, timely, and correct financial information is increasing. These and other factors are forcing FSI controllership organizations to evaluate and modernize across people, process, and technology in order to meet the needs of a growing list of stakeholders both internally and externally. Fortunately for controllers, digital core and finance automation technologies are emerging that can help FSI controllers achieve greater speed and efficiency, while generating valuable insights—but this requires controllers to embrace the modern era and put on their strategy caps.
- A crossroads for bank internal controls
- Glimpsing the future of bank controllership
- Bank controllership’s tech transformation
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- Join the conversation
A crossroads for controllers
We’re living in the Age of Information where rapid technological advancements are fundamentally changing the way we work, think, and communicate. Products and services across the financial services industry are also evolving and financial institutions are now facing a confluence of internal and external pressures demanding more and enhanced information from finance and controllership organizations. The key to succeeding in this modern era is to establish a holistic short- and long-term strategy that leverages emerging technologies to provide quick wins, while also outlining a long-term vision and transformation plan.
Our series on FSI Controllership Modernization will focus in on the possibilities of modernizing the controllership organization through strategic enhancements to the technology stack, while also evaluating how controllers can fundamentally re-evaluate, and in some instances, re-design their operating models and governance structures to keep up with the changing times.
Embracing the digital evolution
Our executive summary previews the series on FSI controllership modernization by setting the stage regarding the dynamic challenges and evolving responsibilities of today's FSI controller, and providing a bite-sized overview of the three dimensions to modernization that will enable business growth during a time when executives, investors, regulators, and other stakeholders are seeking greater integrity of financial information at faster speeds.
FSI controllership’s tech transformation
Advancements in digital technologies are presenting different opportunities for controllers to solve some of their most pressing challenges, while also allowing them to elevate and transform the role that they can play within the organization. This publication takes a closer look at how contemporary technologies, including digital core enhancements, finance automation, and analytics and data visualization tools can be deployed within a controllership organization to significantly move the needle on efficiency and effectiveness across the end-to-end controllership processes, while also enhancing the control environment.