BEYOND FINANCE: RISE OF THE DIGITAL CFO

The days of the number-crunching CFO are long gone, replaced by multifaceted financial executives juggling new roles in leadership, operations, strategy and data. With the advances in disruptive technologies, finance leaders are utilizing artificial intelligence (AI) solutions, such as machine learning and robotic process automation (RPA), to automate time-consuming manual jobs, and implementing big data analytics, optical character recognition (OCR) and blockchain to enhance data processing and transparency for effective risk management and decision-making. Find out how modern CFOs from the top 500 organizations are developing strategies for digital transformation and long-term sustainable value in our latest Trend Report - Beyond Finance: Rise of the Digital CFO, and discover which emerging technology has the highest implementation rate in the near future.

The following are the report key takeaways:

  • Data-Driven CFO

As their role begins to handle both financial and non-financial information, CFOs are capitalizing on optical character recognition (OCR) to ease data capture, and utilizing big data analytics and management to unlock hidden data values.
  • Extreme Automation

Time-saving, cost-effective and efficient, machine learning and robotic process automation (RPA) are assisting CFOs to quicken tedious financial processes, and deliver accurate reports and strategic data insights.
  • Accessible Interface

By making technology more intuitive and user-friendly, human-computer interaction (HCI) plays a big part in helping the finance function to better interact with emerging technologies to increase productivity.
  • Speedy Efficiency

Speed is vital in the competitive business landscape, and CFOs are anticipating 5G network to provide faster data transfers secured by blockchain‚Äôs immutable technology.  

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