ABOUT COOKIES ON THIS SITE

We use cookies to personalize content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.

Cookie policy
Cookie Settings Accept Cookies
Content
Three waves for a future-proof finance department

Navigating a digitally transformed finance landscape

Mar 19, 2019
The job of a CFO today is a far cry from what it was 10 years ago. Though opportunities are plentiful, so are the challenges. How can the modern finance department become faster and leaner and provide added value while aligning with the company strategy and attracting new talent? Our latest white paper provides a roadmap to transforming your financial processes to ensure company-wide business value.  
Three waves for a future-proof finance department

Working in a finance department is not about churning out financial reports on a regular basis anymore. Today, the focus has shifted from reporting results to actively adding value to the business. And while new technology and access to real-time data provides employees with the tools to do so, changing mindsets often proves even more challenging.

Three waves for a future-proof finance department

To help CFOs navigate a changing digital landscape, our finance experts have drafted a comprehensive roadmap toward becoming a value-adding financial department. In this ‘Finance Transformation Roadmap’, they identify three transformation waves: efficiency, effectiveness and value creation. 

  1. Efficiency: The first step is to identify how the operational aspects of accounting, budgeting, costing, reporting and compliance can be optimized. This is where most companies are today when it comes to transforming their finance departments, and it’s closely linked to past ERP implementations.
  2. Effectiveness: A step beyond increasing efficiency is increasing the effectiveness of the finance department. This is where we introduce next-level controlling. Decision-makers gain insight into how their business evolves over time through continuous accounting and soft closes or through cost-to-serve concepts, driver-based modeling and management reporting.
  3. Value creation: This is where things get really interesting. By introducing innovative technologies that enable real-time reporting — like robo-accounting (RPA), SAP integrated business planning, business intelligence solutions and a strategic compliance approach — the finance department can start creating significant value for the business. 
 

Along with an in-depth take on the abovementioned waves of transformation, the Finance Transformation Roadmap contains a plethora of valuable insights that will help you improve efficiency, effectiveness and reliability. Also included are clear-cut solution proposals – both specific and technology agnostic – and careful considerations about their impacts on future capabilities. In short: it’s the ultimate guide towards turning the finance department into a full-on strategic business partner.

Kick off the digital transformation of your finance department today, by downloading the free e-book and roadmap.
Download our e-book to future-proof your finance department
Related Content
COVID-19’s impact on the CFO office in Belgium – professional services
How do CFOs in the professional services sector react to the COVID-19 crisis and the resulting “new normal”? An interview with security expert G4S and delaware.
Finance
COVID19
Microsoft
SAP
Read more
COVID-19’s impact on the CFO office in Belgium – Manufacturing
How do CFOs in the manufacturing sector react to the COVID-19 crisis and the resulting “new normal”? We asked Agristo and Gantrex.
Finance
COVID19
SAP
Discrete Manufacturing
Read more
COVID-19: impact on the CFO office in Belgium – nonprofits
How do CFOs in the nonprofit sector react to the COVID-19 crisis and the resulting “new normal”? We asked Zorgbedrijf Antwerpen and Rode Kruis Vlaanderen.
Finance
COVID19
SAP
Microsoft
Read more
COVID-19: impact on the CFO office in Belgium – transport and logistics
How do CFOs in transport and logistics react to the COVID-19 crisis and the resulting new normal? We asked the CFOs of Turbo’s Hoet and Yusen Logistics.
Finance
COVID19
Microsoft
Automotive
Read more