Automation will soon be ubiquitous within the finance function because it saves employee time, reduces processing times, and provides excellent ROI. There’s no better example of the power of bringing automation to the finance function than what Amazon has done in the past five years. Together with PwC and UiPath, Amazon has been upskilling their entire finance function. And they’ve seen impressive results. Though they started small, Amazon’s approach has been nothing short of
Of all the business functions that stand to benefit from the digitisation process, finance is first in line. As finance chiefs, we have to be capable of quickly adapting to changing circumstances, making decisions with multiple timeframes and improving efficiency. But many of us are hobbled by legacy systems that make our jobs more difficult.
These challenges are why finance leaders are making digitisation a focus in 2022. Outdated technology and unreliable data processes ar
Digital transformation is here to stay. But is it delivering the value promised? If your organisation isn’t getting as much out of new technology as you were expecting, the problem might stem from your adoption process. Forbes reports that 84% of all digital transformation projects fail. When you consider that spending on digital technology is on track to reach $2.8 trillion in 2025, more than double 2020 spending, those failed projects can mean a lot of wasted time, money an
Though many hoped 2021 would be a year of full recovery from COVID, the reality has been more complex. Competent management accounting teams are critical for responding to this changing environment in a way that instils confidence and helps organisations build strategies for the new paradigm. In fact there is room for optimism given the new emphasis business leaders are placing on agility for the short-term and anticipatory thinking for the long-term. This represents a pivot