It’s crunch time for CFOs: A series on digital transformation in Finance
Explore “Finance 2025,” the newest addition to our Crunch Time series, which offers several predictions about how finance organizations might evolve over the next several years, becoming better, faster, and probably less expensive. You can also examine specific digital disruptors and their impacts in our other Crunch Time reports. 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.
Digital transformation in finance
Whether it’s phone apps, home automation, or cashless commerce, digital disruption is the new normal for consumers today. It’s changing what we do – and how we get things done – in countless ways.
What does this have to do with the future of Finance? Everything.
The technologies needed to reimagine Finance are here and will only get better. Plus, we can learn a lot from other business functions. Modern factories give us a glimpse of what automation can deliver. Smart contracts show us new ways of tracking assets. The lessons are out there, we don’t have to reinvent the wheel. We can focus instead on adapting and adopting.
Preparing for the future
None of us knows for certain what the future will hold, but we all have a responsibility to be thinking about what’s likely to happen, and to prepare for it. In the finance function, that means working now to get the right people and technology in place to take advantage of the inevitable disruption ahead. That’s not likely to happen without a clear vision and strategy for finance in a digital world. Now is the time to step back and make sure your roadmap to that future is clear.
With that in mind, the “Finance 2025” report features eight predictions for finance in 2025, based on what finance leaders are doing and the technology available today. Download the full report to understand how each of these trends impacts finance work, finance workforce, and finance workplace and the steps executives can begin to take today.