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Get Future-Ready with Intelligent Finance

The role of the CFO has evolved from accountant to forward-thinking business partner. Today, they are the CEO’s most trusted advisor, steering companies towards sustainable growth.

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Get Future-Ready with Intelligent Finance

  2. 2. Digital disruption, a surge in available data and heightened customer expectations: The stakes are higher than ever to deliver top and bottom-line results.
  3. 3. ENTER TODAY’S CFO The role of the CFO has evolved from accountant to forward-thinking business partner. Today, they are the CEO’s most trusted advisor, steering companies towards sustainable growth.
  4. 4. HERE’S WHY: Whenintelligent operations, powered by data, new technologies and talent, are at the heart of the enterprise, a company can generate value more quickly.
  5. 5. 77% of CFOs believe it is within their purview to drive business- wide operational transformation. The finance function is at the beginning andend ofeverythingand is best equipped to spearhead the transformation.
  6. 6. CFOs can create an intelligent finance and accounting (F&A) operating model by taking these three actions: Harnessing the power of data Leading with new digital technologies Attracting future finance talent 1 2 3
  7. 7. CFOsexcelat capturing,structuring andmakingbetteruse ofdata.Yetmuchof theirorganization’s dataisunreachable. Nearly 80% of C-suite respondents say that 50%- 90% of their data is unstructured and inaccessible. ACTION #1: HARNESSING THE POWER OF DATA
  8. 8. With an intelligent finance function, data is more accessible and actionable, enabling CFOs to: THE GOOD NEWS? Make faster, more responsive decisions with rapid reporting and real-time analytics Master the enormous reserves of data Properly connect and analyze data across internal and external ecosystems
  9. 9. Threedigital technologiesare shaping the finance function: Robotic process automation (RPA) Advanced analytics Applied Intelligence ACTION #2: LEADING WITH NEW TECHNOLOGIES
  10. 10. Forward-thinking CFOsareachieving growthobjectives byinvestingin digitaltechnologies thatfree up their team’s time. Now the focus can be on delivering better customer experiences.
  11. 11. Astheresponsibilities oftheCFOevolve,so toowilltheprofilesof prospectivetalent. Traditional roles will transform as CFOs seek out employees with a range of capabilities, from data visualization to flexible thinking. ACTION #3: ATTRACTING FUTURE FINANCE TALENT
  12. 12. In a virtuous cycle, innovative opportunities will attract a mix of future finance talent. CFOs can be critical leaders to champion conditions for this cultural workplace shift. Anintelligentfinance function will attract a new generation of finance leaders who thrive on rapid innovation.
  13. 13. The CFO has never been better positioned to be the CEO’s chief business partner. The key to elevating their role and that of the finance function is moving to an intelligent F&A operating model that harnesses the power of data, leads with new technologies and attracts future finance talent.
  14. 14. Follow us www.twitter.com/AccentureOps www.linkedin.com/company/accenture-operations www.accenture.com/us-en/blogs/blogs-intelligent-business-operations Now is the time for CFOs to digitize the finance function and lead the enterprise through digital transformation. Learn more at: www.accenture.com/IntelligentFinance