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 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