Professional Insights

Professional Insights

Below are great professional insights from the article “Thriving in the Digital Economy: The Innovative Finance Function” published by CFO Research in collaboration with SAP:

Nine Changes Shaping the Finance Professional's Career

  1. Today’s finance professionals find their work more engaging and influential than anticipated.
  2. Finance professionals don’t see themselves standing still—they expect to grow professionally and extend their reach into even more parts of their companies.
  3. Finance is becoming the central touchpoint for many aspects of their enterprises.
  4. Finance teams must adapt to a business environment where decisions are more complex yet still need to be made faster than ever.
  5. Finance professionals are eager to be counted on for forward-looking analysis and business insight.
  6. Finance professionals are looking for ways to understand more parts of the business.
  7. Better use of sophisticated technology lies at the heart of finance’s efforts to drive performance improvement.
  8. Finance professionals are grasping the digitalization of information flows as the foundation for their successful delivery of advanced analytics.
  9. Digitalization and automation are often seen as opportunities to provide additional value rather than disruptive finance jobs threats.

Five Key Actions for Moving the Finance Profession Ahead

  1. To become a leader in your company, expand your view (Seek out management, operations, and IT experience).
  2. Turn finance into a team of information analyzers, not data caretakers.
  3. Adapt technology to a new generation of finance professionals.
  4. Transform expectations and extend advanced analytics throughout all functions.
  5. Strengthen your expertise—educate yourself about real-time analytical capabilities.