![]() ![]() On the journey from ‘running’ finance as a function to ‘driving’ finance as a value-added service, CFOs and senior finance leaders will need to focus on: The finance team will also need to change, opening itself up to new ideas and greater collaboration with others, both within and outside the organisation. ![]() ![]() To build a better view of the future in the meantime, organisations will need to embed a culture of innovation - one in which technology and data can be used together for strategic advantage. Here, AI has the potential to help finance teams generate predictive insights and reduce margins of error - and, at some point in the near future, instant forecasting in real-time may well become the norm. One area of particular interest has been financial forecasting powered by artificial intelligence. Since the onset of the pandemic two years ago, the rise in automation has given finance teams more scope to concentrate on higher value-added activities. One of the prerequisites of working in a disruptive market is the need to design a more flexible operating model for finance.įor many, the need to transform these operating models is no longer an option – it is an imperative.ĬFOs are reassessing gaps in their operating models to help set better targets and improve their reporting and forecasting capability. New technologies can help finance leaders to future-proof their business and think more strategically, writes Danny Buckley. ![]()
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