Strategic Finance 2030: Key Strategies for the Next Decade

Leading chief financial officers (CFO) are the guardians of business value creation, showing administration of their own expenditure by reducing absolute costs and shifting work toward more value-driven tasks. In addition, over the last decade, finance divisions cut down on costs by nearly 30% . The coming decade’s focus is reaching even greater scales of effectiveness. Achieving the next front in finance effectiveness and efficiency will require CFOs to switch their thought process from the previous priorities. Three imperatives are particularly crucial to minimize human biases and error, deliver better real-time insights, and drive speed in financial decision-making strategies and workflows. Going Past the Transactional Activities With advancements in computing potential, organizations can increasingly apply artificial intelligence (AI) and machine learning (ML) to complex activities, banking on the lead triggered by robotic process automation (RPA) and similar technologies used...