CFOs have a stark choice: either look on as the finance function is automated out of existence, or seize a new and crucial role in the business.
Have a roadmap for finance effectiveness, not automation:
of time can be reduced with finance automation and behavior change
Give finance teams new ways to use underutilized skills:
steps to improve finance effectiveness are about people
Drive insights with connected, self-service financial data:
of time in top performing finance functions is devoted to data analysis and insights
To help CFOs initiate and steer the transformation, we have built on PwC's experience with finance departments all over the world to develop a target operating model (TOM). It's a powerful tool that addresses not only finance in its entirety, but also the way it functions within the business as a whole.
CFOs can get thinking in the right direction by challenging their own assumptions. Download our 'Will the finance function even exist in the future' presentation for some useful questions to ask.
CFOs should be thinking beyond survival, focusing on transforming their function by adopting an agile finance operating model. They should seize the opportunity to move from merely driving bottom-line efficiency to impacting top-line business performance.
Advisory Partner (Finance Risk and Regulatory Transformation), PwC Switzerland
Tel: +41 58 792 25 19
Dr. Michael Abresch
Partner and Leader Assurance Transformation, PwC Switzerland
Tel: +41 58 792 21 20
Advisory Director, PwC Switzerland
Tel: +41 58 792 15 76