Resources

Innovation in the Finance Function - Global Survey 2018

by Board

The need to innovate in the finance function can no longer be ignored. As the new FSN research unequivocally shows, there is a strong link between innovation in the finance function and performance.

Innovative CFOs and senior finance professionals:

  • close their books faster
  • produce more accurate financial forecasts
  • are less tied to legacy systems and traditional ways of working

Successful innovation requires three main ingredients: people, process and technology. Those organizations that are early adopters of technology or invest in innovation in a balanced way across the enterprise outperform organizations that are diffident, less structured in their investment approach and risk averse. Although ‘innovation’ means different things to different organizations, depending on where they are on their journey to the finance function of the future, senior finance executives must find the time, cultural imperative and success measures to embrace change and stay competitive.

Discover how high-performing finance functions are taking advantage of the technological revolution to:

  • link strategic and financial planning and analysis with day-to-day operations
  • drive better insights about the business
  • augment their decision-making processes
Share
Was this article helpful?

Related Resources

Optimising Working Capital with Intelligent Automation
whitepapers | Automation

Optimising Working Capital with Intelligent Automation

2d
Real-Time Visibility: A Key Boardroom Agenda For Global Finance Leaders
whitepapers | Corporate Finance

Real-Time Visibility: A Key Boardroom Agenda For Global Finance Leaders

2d
2024 FX Navigator
whitepapers | Corporate Finance

2024 FX Navigator

3m

Other resources from Board

Global Planning Survey 2023: Key trends & takeaways for business leaders
Corporate Finance

Global Planning Survey 2023: Key trends & takeaways for business leaders

1y
Five key CFO priorities for 2023
Corporate Finance

Five key CFO priorities for 2023

1y
Future of Planning, Budgeting, Forecasting and Reporting
Corporate Finance

Future of Planning, Budgeting, Forecasting and Reporting

1y
The FP&A Maturity Model: Achieving Intelligent Transformation
Corporate Finance

The FP&A Maturity Model: Achieving Intelligent Transformation

1y
The FP&A Board Maturity Model Report
Corporate Finance

The FP&A Board Maturity Model Report

3y
The Resurgent Finance Leader
Corporate Finance

The Resurgent Finance Leader

3y
Featured Case Study: How KPMG overcame their digitisation challenges
Accounting Software

Featured Case Study: How KPMG overcame their digitisation challenges

6y
Featured Case Study: Leaving spreadsheets behind in favour of a more innovative approach
Accounting Software

Featured Case Study: Leaving spreadsheets behind in favour of a more innova...

6y