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The future of the finance function
CFO, driver of digital transformation
As CFO you influence business decisions by providing information at the right time Technologies such as robotics, data analytics and machine learning make this possible and quickly bring the finance function of the future closer.
The future of finance
The challenge for every “financial” is to embrace the new, while maintaining the positive aspects of the old. Therefore, says Paul Smits – former Chief Financial Officer (CFO) of organisations including Havenbedrijf Rotterdam and KPN: “Keep innovating and challenging yourself without any compromises, but don’t forget what the basis is of your profession. Embrace the transformation in the financial role, but also make sure you remain the professional who ensures there’s enough money and reliable reporting.” Our interview with him concerns transformation, digitisation, sustainability, innovation, and people management.
Data Analytics
Organisations have enormous quantities of data, most of it digital. Those who can effectively apply data analytics gain valuable insights into their customers and products, business operations and staff. Big Data is the starting point for a differentiated customer experience, process improvement, and risk modelling.
More about Data Analytics
Robotics Process Automotation
Are you looking for sustainable competitive advantage? Then Robotic Process Automation (RPA) is a way to improve the quality of your products/services, to put more focus on creating value in the chain and to organize your business more efficiently.
More about Robotics Process Automotation
Artificial Intelligence
Artificial Intelligence (AI) is a comprehensive technology in which computers are used to make data-driven decisions or perform tasks. Computer intelligence is already being used in almost every sector.
More about Artificial Intelligence
Speed up the transformation of your department
Applying directive data means that financial reporting and predicting change increasingly merge into one another. This requires a different set-up and management for the financial department – flexible, agile, and eager to learn. The financial department will also be more focused on connecting the strategic organizational goals. Instead of traditional hierarchies, future organizations will function as a network of powerful, autonomous and strategically aligned teams that jointly implement a particular goal of an organization.
Digital transformation, driven by people and technology
The key to success is often digitisation of financially related processes. Integrating the IT strategy with your business strategy and finance objectives is inextricably linked to this. As technology develops, you will increasingly find yourselve working side by side with robots, artificial intelligence, and smart automation. PwC can advise you on the selection of products and services from Oracle, SAP, Salesforce, Google, Adobe, and assist you with the implementation, and optimization. And PwC also trains your employees so that they have the right skills. This way you can digitally transform your organisation, from strategy up to implementation.
“CFOs who can supply the right information from hour to hour, from minute to minute, are the ones who can really influence the operating result.”
“The value of data is created by seeing the cohesion between things that don’t initially seem connected.”
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