Finance organisations must focus on risk, governance to be future-ready

Automation also needs to be accompanied by a transformation of skills and talent to enable the finance function to take on the more value-added activities

Finance organisations must focus on risk, governance to be future-ready
Premium

Sai Venkateshwaran
Finance organisations are transforming; slowly but surely. This change has driven to a large extent by the disruption in  the business environment, whether caused by emerging technologies, changing demographics, new business models,  or convergence of industry sectors. 

Future-ready finance functions have disrupted the finance operating model with the use of extreme automation,  delivering new and better insights and analysis with a simpler organisation with skills and talent for the future, and all of  these are built on a strong foundation of data management, quality and governance, and strong focus on risk,  governance, compliance and controls.

Many of these emerging technologies are fast

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 29 2019 | 6:19 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com