Whole New World
It’s a whole new world, with new data, new metrics, new technologies, and new revenue models. From big data and network effects to the subscription economy and cloud computing, modern finance is undergoing its most fundamental transformation ever.
The role of the CFO will never be the same. The drivers of this change come from all directions – customers, the Board, your finance team, your stakeholders within the firm. And most of all, technology is driving change in the CFO role. We all know that change is rarely easy, even if entirely worthwhile. In this case, technology is both the source of your challenge and the solution you need.
Embracing Technology and the Tools for Growth and Change
Today, it takes a tech-savvy CFO—someone who understands and embraces the promise and power of technology—to navigate this exciting but sometimes uncertain future. A tech savvy CFO seeks to modernize and transform the company’s business systems (and IT infrastructure) to boost staff productivity and give the company flexibility for the future. From going digital, to creating and implementing new rules and metrics, all processes are up for change and alteration. Even if you are in the process of becoming tech savvy, in today’s landscape, an effective CFO must have knowledge of how technology will positively impact your company. Of course, the transition of any technological change is eased when its tangible benefits are visible and easily discerned. Intacct’s cloud based software is valuable tool in the new CFO’s cache. From more user friendly dashboards and digital board books to real time data accessibility from multiple sites, Intacct is a catalyst all its own.
Tech-savvy CFOs need new ways to slice and dice all financial data – looking at customers in aggregate, or through a single segmentation (like geography) is not enough. Today’s leading executive needs real-time access to the critical information they care about most, in order to make timely, actionable decisions. They also need flexibility to scale and adapt as the business changes, speed to meet the pressures from above, below, and all around, and technology to manage it all.