Finance top performers focus on talent, understand analytics, drive for quality, eliminate non-value-added tasks and optimize finance delivery in the finance transformation process. The rewards – such as less than a 1% error rate, a three-day-faster close and 40% lower cost - can be significant.
During a recent presentation at the March 2019 FEI Committee on Finance and Technology (CFIT) meeting, Accenture’s Brad Gelber explained that there is no single path to finance transformation path that is right for all organizations. But reducing self-inflicted complexity is a critical early step in a transformation journey. It is also important to balance “Finance for Finance,” which is oriented towards operational productivity, agility and effectiveness, with “Finance for the Enterprise,” which is oriented towards the generation of added value to the enterprise and is client facing.
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