Search Result for 'digital transformation'

...key targets and collected a few awards along the way such as the Best Bank for Digital Solutions, Malaysia from ...

Finance operations are not as simple and clear-cut as it was decades ago. Given the imperative to accelerate digital transformation ...

The automation of routine finance planning and analysis (FP&A) processes to create bandwidth for value-adding activities is unsustainable, a Gartner, ...

...be more diligent to avoid huge financial losses. Cheah also takes note of the impact of e-invoicing and fintechs, which ...

Finastra integrated artificial intelligence-powered ESG scoring into its working capital solution, Trade Innovation, according to a press release. Under the ...

...Gartner, it is important that finance leaders fully understand the scope of changes that genuine transformation requires, as it observes ...

BlackLine, Inc. launched its generative artificial intelligence-powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new ...

...economic conditions. To support customers with their digital transformation efforts and accelerate time to value, Workday helps them to leverage ...

To successfully achieve autonomous finance objectives, Gartner says finance transformation leaders need to ensure other finance leaders fully understand the ...

...professionals for the year: Digital transformation Finance teams have a bigger role to play in infrastructure adaptation, automation, and data ...

...business operations, and finance and strategy. Tom Hood Source: AICPA & CIMA Economic Outlook Survey “Our Future of Finance Leadership ...

Embracing technology has been proven an imperative among firms to remain relevant in talent attraction and acquisition. This is among ...

...them. FutureCFO: What does a typical day look like for you? Juvanus Tjandra (JT): At KPMG, I lead finance and ...

...triggered a rebound in confidence against the backdrop of the current market situations. Injecting GenAI into digital transformation strategies, including ...

Chief audit executives expect audit coverage of artificial intelligence-related risks will grow as organisations race to adopt the technological advancement, ...

...finance through digital transformation. The analyst forecasts that through 2025, more than 40% of finance roles will be either new ...

...management. “Toyota Finance realises that strategic investments in transformational technologies like the CCH Tagetik CPM platform can drive true competitive ...

...in work arrangements and compensation structures. Digital transformation Manabat says digital transformation has also been a key focus in the ...

...and digital transformation. The central theme for CFOs is the need for finance leaders to primarily trust in their systems ...

...investment priority for finance leaders in Singapore (40%), second only to the digital transformation of go-to-market and sales (42%).  Automation—through ...

...the performance of digital investments across their organization,” says Alexander Bant, chief of research in the Gartner Finance practice. Alexander ...

...to thrive now and in the future. Grow a digital mindset to embrace digital transformation in finance. They must prioritise ...

...and confront spiralling expenses driven by the labour market, climate change, and digital transformation. Most organisations will be unable to ...

Chief financial officers are projecting higher budget for artificial intelligence in 2024, forcing conversations on AI ambition and policies, according ...

...a digital bank in Singapore, where it is estimated that 40% of residents are underbanked. In August 2022, GXS Bank, ...

Digital transformation and functional improvement are the predominant themes through the top 10 priorities of chief financial officers, according to ...

The year 2024 brings a landscape of unprecedented challenges and opportunities for corporate treasurers. From the ongoing global conflicts to ...

...plans for 2024. Hongrui Mo Hongrui (Max) Mo, chief financial officer for Asia at MET Asia, observed that in 2023, ...

Artificial intelligence is still on the threshold of business operations transformation, offering potential benefits for operational efficiency, cost savings, and ...

...What is your advice for the CFO when it comes to the implementation and deployment of GenAI?  NP: As with ...

Finance and accounting team members nowadays seek more effective communication and clearly defined roles and responsibilities to be able to ...

...multiple regions. Digital transformation Wong says the third theme in 2024 is digital transformation. With data volumes exploding, finance leaders ...

When it comes to AI transformation, 73% of business leaders remain ill-equipped, citing limited time, people, and funds, said Kearney ...

...at first, the finance team is impacted by the many shifts in technology hence the digital transformation that is transpiring ...

...(TAA) Asia Pacific (APAC) recently. The pre-approval received is part of IMDA’s SMEs Go Digital program, which aims to help ...

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from ...

...to the rapid transformation of the finance function and its operating model. Digital technologies, as an example, can transform how ...

...empowers the transformation of business models and industries through the creative use of strategic thinking, innovative processes, advanced technologies, and ...

Trusting the cloud to manage financial data and reporting can be a game-changer for financial planning and analysis. Organisations can ...

Business leaders are struggling to turn GenAI hype into reality, said Boston Consulting Group (BCB) recently. According to a survey ...

The digital transformation in all sectors across all departments has been evident over the last few years, especially following the ...

Although the new year has begun, trends in digital transformation seen in 2023 remain and finance leaders must have a ...

Amidst the digital transformation, it is imperative that chief financial officers know the way around the challenges of safeguarding against ...

...on the cloud to support remote work and digital transformation initiatives. The rapid adoption of this technological advancement led to ...

...post-pandemic. IDC predicts that cloud-based spending by Asia Pacific and Japan (APJ) digital-native businesses is expected to hit US$26.5 billion ...

...that the choice of ERP is aligned with the company’s overall digital transformation strategy, supports the need for complete visibility ...

The cloud has opened new possibilities for CFOs and CIOs to think differently about their IT infrastructure, and how they ...

...there I started building an exciting and rewarding career in finance. I set up my own consultancy to lead finance ...

...is shifting from traditional guardians of data and accounting to value creation through transformation. A Deloitte program leader believes that ...

With the new year now up and running, finance leaders must be able to keep up with the trends that ...

...in many companies, and for MAG, it was over-reliant on its “passenger flying” business for its revenue stream, the high ...

...makers for digital transformation in companies in Australia, the UK and the US, cited financial performance and growth as top ...

...digital transformation of the last decade demonstrated the pitfalls of tinkering at the edges or maintaining siloed initiatives. Invest in ...

...The reason for this is that the role is evolving, and as technological advancements and digital transformation take up the ...

...not exempted from these shifts, what with the current talks of digital transformation and technological advancements. Beyond these changes and ...

The integration of artificial intelligence in an organisation's finance function and accounting services has been proven to be a necessary ...

Augmenting people potential to democratise action on sustainability has become one of the more important things to consider as an ...

The role of artificial intelligence (AI) and machine learning (ML) in the organisation has expanded significantly, with the changes taking ...

...investment but a strategic necessity as it is no longer a matter of if but how and when to implement ...

...brought about by COVID-19 is the Digital Payments Transformation Roadmap launched by the Banko Sentral ng Pilipinas (BSP) to foster ...

...broader company vision. Strategic Digitisation: CFOs must undertake a meticulous evaluation of costs and benefits associated with digital use cases ...

Utilising technological advancements in the face of a fast-changing world is definitely considered a smart move that requires careful financial ...

...of the future, committed to identifying avenues for creating more value in the ever-evolving competitive landscape. This commitment extends to ...

Artificial intelligence and machine learning have been changing how things are being done in different industries. The duo basically shakes ...

The IDC InfoBrief, The Evolving Role of the CFO in 2023, revealed that more than 80% of manufacturing and distribution ...

“The manufacturing landscape is changing. Supply chain disruptions, workforce shortages, shifting costs, and other factors are impacting operations and changing ...

...in supporting business transformation, although many have started to seize its technical advantages. Because of this, organisations tend to use ...

...part of the leader's responsibility to be able to rise above the challenges data chaos imposes. about how consumers behave. ...

...QRIS, which is a digital payment standard that employs QR codes to facilitate cashless transactions. With QRIS, customers can effortlessly ...

The business world is undoubtedly currently on a race to maximise digital technology advancement, with leaders pondering on the best ...

..."heartbeat" of the digital asset world. These transactions serve as the steady rhythm that digital investors listen to, to have ...

To be able to harness technology's full potential, leaders must be able to fully understand how it works. Alongside understanding ...

...making a digital database that does not need lots of middlemen. In addressing Know-Your-Customer procedures, blockchain stores customer information securely, ...

Adopting a good and progressive generative artificial intelligence mindset is essential in today's journey to technological advancements in the finance ...

...and attract new employees in the face of fierce manpower competition. As doors to vast digital transformation are being opened, ...

Accountants nowadays are expected to adapt and acquire new skills to stay ahead of the curve as the business environment ...

...list of priorities now. Cloud accounting has been rapidly gaining popularity among chartered accountants as digital technology advancements and the ...

Skills related to open source and cloud-native computing are proving to becoming more important as times go by, opening doors ...

This IDC InfoBrief provides an overview of the challenges that CFOs and finance teams face when accelerating their digital transformation ...

...grow deposits and drive loyalty. Aurelie L'Hostis The transformation of fintechs More than a dozen of fintechs are predicted to ...

Proactively managing security risks has its own advantages, especially considering the fast pace of digital transformation around the world. Organisations ...

...builder, delivering successful digital transformation or embedding financial insights into business decisions, the CFO is becoming more prominent as an ...

Both tax and finance leaders are set to increase investment in digital transformation, said Thomson Reuters recently when releasing a ...

...said teams work harmoniously to boost financial control and predictability, reduce friction, and deliver products and services faster in today’s ...

...areas of the finance function but not embracing holistic digital transformation. With many enterprise resource planning systems approaching end of ...

As more high-value treasury operations require cross-functional collaboration, data integration between systems becomes essential. The advantages of seamless data integration ...

Operational inefficiencies today are often brought about by the rising costs of cloud computing, opening a new discussion regarding cloud ...

As today's world evolve along with technology, finance leaders are expected to keep up so as not to be left ...

...company or an organisation to respond in real-time. This minimises the losses and protect the company's customers. The challenge is ...

...digital record keeping. NFT users also see a variety of benefits including increased accessibility, transparency, and ease of use. The ...

The advent of digital technology is already having its weight in the way organisations run their tax departments. With that ...

Adopting artificial intelligence in an organisation's day-to-day business is undeniably a strategic move to boost operations and decision-making. It is ...

The Internet of Things (IoT) is currently revolutionising business operations, enabling data-driven decision-making and efficiency--an area finance leaders must always ...

Cloud accounting is rapidly gaining popularity among chartered accountants as digital technology advancements and the growth of cloud computing continue ...

Finance leaders are in need to keep up with the rapidly changing market brought about by the advent of artificial ...

...eyeing to start with the following specific solutions: Contact Center Modernisation with Amazon Connect – IBM Consulting worked with AWS ...

Finance leaders are now starting to delve deeper and ask bigger questions to tech professionals amid the rapidly changing world ...

China-based technology company Baidu launched a new version of its artificial intelligence model, Ernie 4.0, which uses algorithms to produce ...

...CFOs expect to increase their spending on IT/digital transformation. Cost optimisation as priority The survey also revealed that CFOs continue ...

...and SAP Singapore's mission to empower businesses, improve lives, and drive positive societal impact through technology.  I start my day ...

With great advancements in technology come greater risks posed on organisations around the world. From reconnaissance to action, generative artificial ...

...CFOs continue to be integral leaders in their organisations’ transformation for long-term competitiveness. While there are gaps in organisations’ ability ...

Senior executives in companies are looking into using generative artificial intelligence for cyber defence in the next 12 months, according ...

In a fast-changing space we live in today, it is important to keep up through setting strategic initiatives to not ...

...wave of investments into digital infrastructure as an emerging asset class and the data centre sector is faced with the ...

...is a paradigm shift that enables entirely new opportunities. The technology makes it possible for two or more parties to ...

...to create high-quality, personalized content efficiently, giving them a competitive edge in today's digital marketplace,” said Mike Brinker, principal, Deloitte ...

Accountants are optimistic about digital transformation, including artificial intelligence, according to a survey by the Association of Chartered Certified Accountants ...

Artificial intelligence spending in the Asia-Pacific region is expected to surge to US$78.4 billion by 2027, according to International Data ...

In today's fast-paced world, it is imperative that businesses must get accustomed to the latest developments in their organisation's various ...

A majority of business and personal activity involving sending Chinese data abroad will no longer need to go under a ...

...to the success of their FP&A operations. Meanwhile, Tan said their accelerated digital transformation in Jabil strengthened their scenario analysis ...

...workflows for notes implementation, security fixes, digitally signed code downloads, and SAP HANA updates, including Near Line Storage expansion. Avantra ...

Enterprise cloud application provider Workday, Inc. launched a series of new artificial intelligence and machine learning tools to boost employee ...

...the region also rose 75% amid the growing need for skilled labour and the increasingly complex regulatory environments and digital ...

Digital leaders are confident that embracing technology across various areas of business is bringing productivity gains, according to a latest ...

Gartner dives deep into the role of artificial intelligence in making crucial business decisions. https://www.youtube.com/watch?v=tASU9yfMdSU Mark McDonald, senior director analyst ...

Every payment company has an opportunity to unlock the power of generative AI in three areas of the business, said ...

The fact that investment tools developed by artificial intelligence share core technology poses underlying risks in the stability of the ...

Generative Artificial Intelligence has found its way into India’s goods and services tax (GST) management landscape, serving as a powerful ...

Travel providers are embracing automation and next-generation technology to ease workforce constraints as they rebound from lows brought by the ...

...defeat, have introduced add-ons to their offerings that support the use of spreadsheets through data exports or linkages. Parambath suggests ...

...executives believe commercial payments offer a better profit potential than retail payments. Nurturing strategic corporate relationships requires efficient cash management ...

...Today, clerical work which requires accuracy is being automated through digital transformation. The business models are also going through digital ...

...need to accelerate digital transformation and leverage on new digital technology to harness big data and provide timely and comprehensive ...

...as leaders seek to transform their workplaces enabling business model reinvention, profitable growth and job creation,” he noted. “A critical ...

...a record high but barriers to doing deals in the current market such as increasing regulation and a higher cost ...

...their challenges, and share that we have developed a digital transformation framework that will help them organise their journeys and ...

...created a continued demand for tech skills on all levels, particularly in Business Transformation, Cyber Security and Data Analytics. As ...

...Kesuma noted that companies need to focus on more than just data. "Data is one component of the whole story." ...

Gartner says to build an AI-driven finance organisation for the future will require a combination of technical and business skills ...

...digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications ...

...help them reach their full potential. Our ongoing digital transformation, including the integration of cloud, is a core component of ...

...digital transformation amid uncertain economic factors as another challenge, organisations that do make that investment reap substantial dividends. For example, ...

...expanded digital transformation and increased department efficiencies, Gartner pointed out.  To achieve these needs, CAEs are concerned about digitalising their ...

...of transformation, delivering not only significantly improved client-facing technology from one party’s earlier investments, but to drive process and culture ...

...the vision that technology holds the potential to bring value and that embracing digital transformation is the right path forward, ...

...he added. According to him, there are several factors at play as follows. Accelerated digital transformation. The APAC region has ...

...the corresponding financial implications.  This transformation signifies that CFOs are no longer passive observers or mere guardians of financial matters ...

...of the digital CFO E-invoicing: The "E" stands for easy Positive sum-growth: A philosophy The connector between sustainability practices & ...

...now, we are forming a sustainability team to consolidate all the efforts into a core function.”  For Rebecca Bautista, AVP ...

...PodChat player to get Gan's perspective on the continuing transformation of finance reporting. To start off, perhaps you can share ...

Indonesia’s private education institute BINA NUSANTARA (BINUS) Group has deployed Workday technologies to expedite its digital transformation. According to the ...

...to help them navigate these uncertain times and continue their transformation journey. At SAP, my role is to guide finance ...

...for his take on how CFOs and other finance leaders can improve the odds of successful transformation. What are the ...

...is clearly continued investment and push in digital and technology. There are also robust digital transformation plans which were multi-year ...

..."This wide infrastructure and network required us to improve our business processes by adopting and implementing more technology transformation, in ...

...executing digital transformation programs, BCG observed.  Since they lack the capabilities required to access the new markets and gain advantage ...

...upon as a strategy to deliver this much-needed transformation. Though FSS is not new and has been growing in momentum ...

...with digital transformation While the impacts of digital transformation are most directly measurable in terms of costs saved and efficiencies ...

...to prioritise digital competencies. Establish and participate in wider organisational digital upskilling efforts, along with upskilling designed specifically for the ...

...investors and talent, Gartner pointed out. The next stage in this evolution is to drive sustainability transformation by making ROI ...

...facing every business. Companies may be of different maturity when it comes to spend management, or at varying stages in ...

Most automation transformation of organisations fall short, despite the fact that efforts like workforce augmentation across industries has reduced costs ...

...autonomous future. Cedric Assaouloff, digital and innovation lead at R&D finance pharmaceutical company F. Hoffmann-La Roche, describes digital transformation as ...

...challenge ourselves in the areas of digital transformation, ways of working as well as operational efficiency.” Tay Siang Leng (2) ...

...of the key architects of an organisation’s digital transformation, Gartner says the CFO needs a finance function that drives the ...

...Medical Group  Leadership in Digital Transformation: HELP University Sdn Bhd Leadership in Sustainable Environmental, Social and Governance: International Container Terminal ...

...leaders to train staff to execute on capabilities, such as deploying bots, machine learning, and AI algorithms, Cole added. As ...

...inflation. With such challenges, it might be tempting for CFOs to adopt cost cutting measures including shrinking discretionary spending and ...

...gain viability into the outlook.” CFOs plan budget changes to raise efficiency While corporate IT is the second most likely ...

...digitisation agenda was fast-tracked considering state lockdowns during the pandemic. “We onboarded with Docusign to facilitate more secure digital signatures ...

...to automation and outsourcing of certain activities. The digitisation of finance When asked to define digital transformation means in the ...

...plan to increase their investment in digital transformation initiatives centered around data and technology and 39% of respondents cited talent, ...

...can't afford to if they want to hit their profitability targets in 2023,” said Bant. CFOs also don’t want their ...

...Automotive (IM&A): Portfolio optimisation will drive divestitures and acquisitions, particularly those focused on sustainability and accelerating digital transformation. Financial Services (FS): Disruption ...

CFOs in China need to take up a bigger role when it comes to digital transformation, said Deloitte recently when ...

...to support a digital-first, digital-native enterprise, further improving flexibility of budgeting and finance recognising the uncertainty of what lies ahead ...

...key economic trends across Asia. The outlook indicates that Asia's growth prospects continue to hinge on an acceleration in digital ...

...define and challenge M&A activity, but there will also be opportunities,” he said, “In APAC, digital transformation, energy transition and ...

...digital transformation of their functions, they nonetheless recognise its strategic importance. The greatest proportion of CFOs felt that leading digital ...

...to define and challenge M&A activity, but there will also be opportunities, said Massimo Borghello, Head of Human Capital M&A ...

...Stronger partnerships with CIOs to drive digital success The same BlackLine study found that around 95% of F&A leaders in ...

...the firm said. Employers to forge ahead with digital transformation In terms of the overall economic climate for employers, Benjamin ...

Digital transformation has elevated the role of the finance function from financial steward to enabled. The extended COVID-19 pandemic has ...

...says the company transformed from an extremely offline channel to an omnichannel, online and offline, distribution model, with its own ...

...25%, the firm added. In addition, accountants have substantial influence over cloud technology adoption, with 71% saying that clients always ...

There are ten cloud strategy mistakes that CFOs must know as finance functions are digitally transforming themselves and moving more ...

...picture beyond the constraints of annual planning cycles,” said ACCA chief executive Helen Brand OBE. “For many organisations, this will ...

...financial data-driven decision-making across the board. Advancement and innovation-driven AI infuses digital transformation. Three of the four largest accounting firms ...

Financial Planning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support ...

...said that they will invest more in digital transformation initiatives, 49% want to implement or scale automation solutions to help ...

Finance digital transformation in Singapore is seeing various challenges, said Workday recently when releasing results of a survey. A majority ...

...required to drive digital finance transformation and operate in a digital environment. This group generally includes dedicated systems and technology ...

...Ho pointed out. “At the same time as CFOs continue to transform finance, including bringing in more digital enablers, the ...

While 89% of broad directors say digital is embedded in business growth strategies, only 35% of respondents have achieved or ...

The face of retail has been changing since the start of digital transformation. Many traditional retailers have witnessed the rise ...

...and about 90% clearly track the role of digital initiatives in ESG progress. Six key digital transformation challenges In addition, ...

...with up-and-coming accounting and finance talent to discuss two of major trends in today’s business landscape: ESG matters and the ...

Customer experience has emerged as a key battleground and businesses that can win the customer experience war will be more ...

...importantly, protecting often substantial digital transformation investments. That makes it a more focused business conversation." Phillip Ivancic For most organisations, ...

...Well-planned and implemented digital initiatives must have a long-term deflationary effect on business costs and, subsequently, the price of products ...

...remain relevant, and to make sure that organisations have the necessary skills among their workforces, Hays said. “The speed at ...

...process running.” An autonomous, touchless financial close will require a big step up from existing automation in terms of digital maturity ...

...Zoom. Mak said the pandemic has proved that physical presence isn’t always needed as everything has moved online. “Covid has ...

...collaborate and create, for example, a five-year plan, on the digital transformation journey of the business.  FutureCFO: How can CFOs ...

...the same sentiments regarding compatibility issues and placed emphasis on investing in a system that is compatible and has some ...

...conundrum To say that digital transformation hasn’t come to the finance function is to turn a blind eye to the ...

Air Liquide is deploying Workday technology to continue its digital transformation of HR processes and capabilities, said Workday recently. The ...

IDC forecasts that direct digital transformation investments will accelerate to 16.5% CAGR 2022-2024 becoming 55% of all ICT investments by ...

...the kind of transformation that the business is looking for will take many forms,” said Bhattacharjee. “Making FP&A more predictive ...

...business is probably a 10-to-20-year transformation. ESG is a 30-to-40-year transformation. Acknowledging the many responsibilities that a CFO already has ...

...This is despite increased technology and the opportunity to accelerate digital transformation during the pandemic, the firm noted, adding that ...

...expanding immersive experiences are metaverse, non-fungible tokens (NFTs), super apps and Web3, decentralised identity, digital humans, digital twin of the customer ...

...CFOs, CHROs, and CIOs need to collaborate and work on their cross-functional digital transformation initiatives, integrate digital talent management, as ...

Growing blockchain applications bring new revenue streams for software and technology companies and first-mover industry leaders while helping some companies ...

When it comes to finance AI, the key to success is not only about investing the most time or money, ...

...opportunities amid recovering global growth and pursue digital transformation, the firm said. The outlook is particularly strong for M&A in ...

Technology deficit in the boardroom is impacting enterprise investment and digital transformation, said Deloitte recently when releasing results of a ...

...and patients, putting us on a better footing should another disease outbreak take place in future. Despite the impacts, the ...

...meet their digital transformation objectives, the advisory firm noted. While CFOs have made reasonable progress in laying the groundwork for ...

...budget CFOs throw at digital transformation if they don’t have the right mindset from leadership," he said. Finance functions have ...

...human experience squarely in the centre of transformation by encouraging the spread of data literacy, and the digital mobilisation of ...

...way work is being distributed (remotely, asynchronous, through collaborative teams); and Business-focused technology is a key driver for successful digital ...

...up digital investments, while 38% said they intend to protect their current investment levels, survey results indicate. CFOs plan to ...

...clear: Sustainability is no longer a temporary issue. Companies which are not yet intensively grappling with the transformation of their ...

...important role to play in this transformation journey. The CFO is in one of the best positions to lead the ...

...traditional finance operating model is evolving—digital innovation and cloud-powered technologies are being used to automate transaction processing, manage data and ...

...modernisation, finance can do much more than balancing the budget. It has an opportunity to play a vital role in ...

...Ching, Chief Financial Officer, Touch n’ Go. “We always look at digital transformation as an advancement or improvement, but I ...

...“This continued investment into digital, even as growth slows, will be what distinguishes winning companies years from now as the ...

...Getting the narrative right A simple automation project done exceeding well could spark a digital transformation within the company. But ...

...around Asia during the pandemic has been the issue of transformation – both whole of business transformation and the digital ...

One of the top barriers to digital transformation according to finance, HR, and IT leaders is the widening gap between ...

...digital technology, such as RPA and AI to effectively support the business by 2025. Process mining attracts greater investment According ...

Digitalisation has a more important role in play in sustainability as 88% of C-suites in Asia Pacific will increase the ...

IBM Cognos Analytics aims to unify an organisation’s multiple data sources in both front and back office while solving the ...

At the heart of the digital transformation is data. The challenge for many businesses is the prevalence of data in ...

Indonesia-based private education provider BINA NUSANTARA (BINUS) Group will deploy Workday’s suite of enterprise cloud applications for financial and human ...

...leaders leading a team should always be the driver of a digital transformation. He posits that to break the hold ...

...CFO’s cash flow and cash generation goals. “CFOs are data-driven, and they need to be convinced that their efforts in ...

Finance leaders are increasingly focused on digital transformation initiatives despite having to deal with other pressing issues like revenue, profitability, ...

...other terminology should be available to all staff.  3. Once basics are clearly defined, organisations need to develop strategy and ...

...in digital transformation While one in four companies overall makes ESG the primary focus area of its digital transformation, the ...

...this year: 55% want to digitally enhance their products and services. 49% want to future proof their business. 41% need ...

Luxury resort operator Soneva has selected Workday to help it digitally transform finance operation and capabilities, the technology company announced ...

...McKnight. “Difficulty attracting the right skills to audit, while needing to bolster technology risk coverage, and pursue departmental digital transformation ...

...in the fast-food chain’s finance department. “As the amount of data increased exponentially as we go through digital transformation, it ...

International SOS embarked on the digital transformation of its finance operations by automating its procure-to-pay and accounts receivable processes. By ...

...efforts. DBS’s 2021 Digital Readiness Survey found that only 41% of 1,000 SMEs surveyed had set up a digital transformation ...

...planning and execution in the end. Digital transformation is said to be a journey. What is next in your journey? ...

Co-produced by Sukhpreet Kaur, community manager, CXOCIETY Deloitte’s updated Finance 2025: Digital transformation in finance lists eight predictions revolving around ...

...indicate that M&A is a critical avenue to increase ESG scores, which will attract investors. “In this current environment, tech ...

Microland, a Bangalore-headquartered digital IT transformation company,  recently announced the appointment of Navneet Khandelwal as CFO. Khandelwal joins Microland from Zensar Technologies, a ...

...digital are accelerating, exceeding investments in other areas such 82 as talent, supply chain, business services or fixed assets. Accelerating ...

...stewardship role in the organisation to deliver real business value. FutureCFO: What should CFOs do to retain talent? LTT: Amid ...

Finance and accounting outsourcing (FAO) buyers are increasingly open to third-party support for complex, judgment-intensive processes, and digital solutions; providers ...

Jenji’s 2021 Asia-Pacific (APAC) Expense Management Practices Survey reveals that despite increased rhetoric about the importance of digital finance, the ...

...on with their digital transformation journey, and for professionals to upskill and tap new opportunities in sustainability, such as green ...

...automotive: Strategic portfolio reviews and ESG are driving M&A activity – in particular, deals that accelerate digital transformation such as ...

...policies with supportive guidelines for improving and promoting the digital transformation of neighbourhood fresh markets, farmers markets, community-based grocery stores ...

...awards will be given to SAP customers for Finance Transformation and Process Excellence as part of the SAP Transformational Awards ...

Tax functions around the world are undergoing transformation against the backdrop of persistent pressure and challenges that disrupt the way ...

...and there will also be opportunities for new ventures stemming from climate risk mitigation innovation. Digital transformation accelerates Businesses have ...

...Wong, director of analytics – Center of Excellence at SAP Greater China during the “Accelerating Transformation in Times of Crises” ...

Geoff Soon (pictured), Senior District Manager for ASEAN, Snowflake spoke to FutureCFO about the consumption business model, how it would ...

...standard of performance. The next stages of digital transformation will drive this growing demand for multi-skilled talent. Finance teams will ...

...Matt Mani, the authors of Beyond Digital published by Harvard Business Review Press. Digital transformation has been the big buzz ...

...a partner in identifying strategic growth opportunities, guiding the evolution of the business model and making measured, value-accretive investment decisions. ...

...performance of outputs and inputs, allowing the company to formulate different collection strategies – deciding which clients need more touch ...

...fully confident that workload is manageable enough for employees to make full use of personal time. As businesses accelerate digital ...

Many companies embarked on their automation journey in the thick of the pandemic. The challenges imposed by employees having to ...

Organizations across industries and around the world are looking to accelerate their digital transformation efforts post-pandemic to better meet the ...

...gets done, and advanced digital tools are unknown or rarely used. Many finance teams are nowhere near able to declare ...

...group of finance executives — at 6% of the respondents — have more mature digital capabilities, operate in a more ...

...integrated data approach with clearly defined roles and responsibilities and with right end-to-end data ownership is vital for any organization ...

...hope their examples and best practices illuminate a path forward for finance-led digital and data transformation in your own organization. ...

...pandemic. The 2022 audit plan hot spots that Gartner identify are as follows. • Ransomware • Data and Analytics Governance ...

...McKinsey & Company Respondents say that they are pursuing transformations for a range of reasons, particularly in support of performance ...

More than 75% of managers reported that their AI implementations improved their team culture, said BCG recently when releasing results ...

CFOs look to move their financial systems or ERP to the cloud despite the rapid increase in cyberattacks driven by ...

...they would consider outsourcing several non-core functions, including accounting and payment processing, payroll and HR administration, tax compliance, corporate secretarial ...

...enterprise economic structure to a more digital economic architecture. It means that they are changing their capital allocation and governance ...

...Invoice processing automation 78% - Onboarding 78% - Other 77% - Digital mailroom automation 77% - Claims processing In addition, ...

...percentage points from the last quarter. Digital transformation during the pandemic Despite the reported problems, some Hong Kong firms (9.3%) ...

...they were 12 months ago. How progressive CIOs support finance transformation Progressive CIOs support finance transformation in the following three ...

...subsequent most active in terms of deal activity, the company noted. “The pandemic has propelled innovation and significant business transformation ...

...to operate, meet increasing stakeholder expectations, cut costs, and recognise opportunities for innovation and business transformation.  Moving forward, a digital ...

...market for digital and cloud technology and services is currently dominated by U.S. and Asian providers. As a result, many ...

...who was involved in data analysis for the report. “On the contrary, human connection is key to the success of ...

...efforts, Bain said it has identified the following four key patterns of digital transformation that allow companies to both compete ...

...derive the greatest benefit for all. Facing the sudden and brutal effects of Covid-19 by Q2 of 2020, many companies ...

...meaning created challenges. They had to reimagine how they operate, balance cost containment and revenue optimization, and accelerate their transformation ...

...260 global CFOs.  With the majority of organisations in the midst of digital transformation, CFOs also reported gaps in their data, ...

...approval times in half and avoiding a 30% increase in AP headcount. Click on the link to download the case ...

...infrastructure strategy is all that is needed for a successful digital transformation. Digital vs business transformation Fabian Padilla Crisol of ...

The adage “cash is king” resurfaces every time the world is on the brink of collapse when capital is tight ...

Institutions have varied and different challenges, but one constant is that cash is critical. In a recent report by PwC, ...

...job it is to value these promises, to understand them and then explain them in a meaningful way. Transformation – ...

...the organisation, and C-level executives can enable the change management.” Finance leaders pushing for the digital transformation of AP and ...

...our everyday lives. And soon, the same will be said about the business landscape overall. This short and to-the-point eBook ...

...the top benefits Esker customers have achieved upon implementing our P2P automation solution. You’ll see customers’ actual, transformative results as ...

...value during COVID-19. The digitization (side) story Foo acknowledged that the digital transformation formed long before COVID-19. He opined that ...

Loreal Jiles (pictured), Director of Research – Digital Technology & Finance Transformation, Institute of Management Accountants (IMA) weighs in on ...

...clarity on digitalisation While CFOs are planning to increase their digital investments, the Gartner survey also showed that they are less ...

...bionic companies in the DAI survey, 59% had more than 20% of their employees in digital roles in 2020. Putting ...

...added. Digital business is treated as a team sport by CEOs and no longer the sole domain of the IT department, said Rajesh ...

...across the Asia Pacific region.  The findings revealed that priorities for finance have shifted amidst the pandemic. The top priority ...

...model transformation. 65% of tax leaders say the shift to digital business models is a key area where the business ...

Gartner recently predicted that 70% of organisations by 2025 will shift their focus from big to small and wide data ...

...leveraging data for their business,” said Loh Teng Joo, VP, group digital, ComfortDelGro, adding his organisation had opted to stay ...

...addresses were not always updated and invoices wrongly addressed, resulting in late payments. Fujifilm overhauled its invoicing system as part ...

...they need to pursue more experimental, less familiar digital technology projects in order to reach their functional digitalisation goals, they ...

Finance transformation plans will fail if CFOs do not fully address four areas of comparative advantages of their function, said ...

...to accelerate digital transformation. While this has improved the CFO’s ability to navigate the uncertain market landscape, it also introduces ...

...and geopolitical tensions remain, Deloitte China said recently.  Business transformation has emerged as a priority while CFOs plan to invest ...

...a catalyst for innovation and change. Manual AP invoicing has been outdated and inefficient for years now, so when business ...

...digital transformation (71%), new driver-based models for scenario planning (65%) and cash and liquidity management (62%) are now the top ...

This Oracle NetSuite paper, Delivering Business Transformation for Fintech Companies, offers a clear path for Fintech startups to take the ...

...businesses, the COVID-19 pandemic accelerated company-wide digital transformation initiatives. Within the finance function, departments like accounts payables got a renewed ...

In 2020, businesses and leadership took a ‘hold your post’ position to ride the disruption. This 2021, businesses are ready ...

...Officers (CTOs), CFOs are now expected to co-pilot and get more involved in digital transformation by playing a key role ...

...important elements in digital transformation, what’s your advice when it comes supporting people during digital transformation? EKO: The current crisis ...

...together: Confidence can lead to action and galvanize you to step out of your comfort zone and try new things.” ...

...extent is digital impacting the way the finance team is able to better manage the company’s overall finance and tax ...

...mounting expectations in the next three to five years.  But we are also approaching a landscape filled with emerging opportunities ...

...the pace of finance investment in digital transformation, Dan Garvey, vice president in the Gartner Finance practice pointed out.  While ...

...tax reform, tax authority digital transformation Even before the pandemic, tax functions were experiencing an unprecedented rate of digital and ...

...(96%) of Singaporean companies said that their industries were proactive in driving digital and technological transformation while a similar number ...

...optimism and investments to move forward. Analysts are predicting the digital economy to accelerate recovery. IDC forecasts that over 65% ...

...see what can work with them,” explained Smagh. COVID-19 accelerates finance transformation While Smagh acknowledged that COVID-19 gave reasons for ...

...be closed, having a strong digital culture with clear strategies is what sets successful digital transformation apart, survey results indicated.  ...

...to accelerate digital transformation. On-going polls conducted by FutureCFO re-affirm this imperative with more than two-thirds (over 70%) putting transformation ...

At no other point in recent history has there been a massive, almost universal change in the way of work ...

...China are prioritising blockchain for digital transformation — 73% of respondents say that blockchain will be very or extremely important ...

...spreadsheets and outdated processes that leave F&A teams in the dark until month-end (29%). These suggest that digital transformation initiatives in ...

...increased reliance on digitalization and cloud-based technologies. It also showed that in many cases, CFOs are even driving innovation for ...

...a question. “75% of CFOs play to allocate more resources to digital transformation in 2021.” PwC CFO Pulse Survey 2020 ...

A recent FutureCFO C-Engage vRoundtable examined the role of digitalization in addressing these challenges and gaps. Co-hosed by Kyriba, the ...

...the highest value digital solution. Finance teams with effective digital translation skills can serve as a conduit between business partners ...

...Trends 2021 Report, digital transformation continues to have major implications in the Hong Kong market. In addition to recruitment insights ...

...investments, in the name of riding the uncertainties. What is unique about the COVID-19 crisis is that digital transformation initiatives ...

The COVID-19 pandemic may have exacerbated the situation, but the advent of the digital economy has caused unparalleled changes and ...

...transformation, with the sudden shift to work-from-home practices in early 2020 revealing the value of past digitalisation efforts and reinforcing ...

...role at Tricor Group, I lead finance, operations and digital transformation.  For the CFO element of my role, I work ...

...regards to adopting new concepts like digital transformation, Velthuis believes that organisations must approach the adoption of such like a ...

...digital transformation during the current pandemic while the finance function is interested in tech like RPA and e-invoicing. So why ...

...toward digitalization, and building the talent and capabilities to sustain complex transformations within and outside the finance function. Still, a ...

...Let’s recapture what happened in these spaces in the year. Accelerated digital transformation The pandemic has driven CFOs to accelerate ...

...full digitalization. We can see how each member is bragging on how digital-ready their markets are right now. Central banks ...

...and pricing strategy, and lead the corporate and organisational structure to meet growth demands and expand the company’s business. I ...

...(71%) is what will help their organisation get there. Survey highlights: digital confidence, cloud adoption More than half of respondents ...

...calls for a radical transformation of accounting education in order to equip accounting graduates with relevant work skills that will ...

...Gradual digital growth Hong Kong was one of the first regions in Asia that had to transition to remote and ...

...process automation (RPA) technologies to accelerating digital skills among their teams, the advisory firm noted.  The pandemic has forced CFOs ...

...Moody's Investors Service examines six key themes that will shape the credit environment in the year ahead: uneven recovery, policy ...

...a priority, EY said.  This will also include traditional mandates, such as corporate reporting, along with new ones like overseeing ...

While many digital transformation project fail, there’s still hope if an organisation can ensure that six critical success factors are ...

Digital experience maturity in ASEAN remains low despite the rapid migration to digital technologies driven by the pandemic, said Ecosystm, ...

...Will they be doing something different? Most definitely. And no, Finance will not become 100% digitalized. Where are you on ...

...fashion labels, responding to the rise in public and investor scrutiny around sustainable and ethical sourcing.  Payments and financial services. ...

As organisations progress in their digital transformation journeys, CFOs are making structural changes to their finance departments, These include weaving ...

...demands of cost reduction during COVID-19, Biscotti noted. “Enterprises can quickly make headway on their digital optimisation initiatives by investing ...

Accounting is the language of business. So said Warren Buffet, billionaire, philanthropist, investor and business tycoon. He acknowledged having taken ...

...transactions between at least 4 billion accounts serviced by financial institutions across the SWIFT network, the cooperative noted.  APIs and ...

...urgent need for external advice as more businesses, including SMEs/SMPs, undergo digital transformations; especially so during the COVID-19 situation now ...

For much of 2019, discussions around finance transformation (FX) flowed through from the much broader digital transformation (DX) efforts. According ...

...costs. The survey, “From Mirage to Reality: Bringing Finance into Focus in a Digital World,” captures critical data on finance’s ...

...pivoted and swiftly implemented digitalization and digital transformation may experience the highly sought-after V-shaped recovery. Those less prepared will report ...

...chief financial officer for Asia Pacific & Middle East at Rolls-Royce Power Systems/MTU agreed. “We had this whole thing called ...

...tablet. Meanwhile Indonesia has earmarked US$8.3 billion for various tax reliefs and incentives. Digital maturity has played a large part ...

Data and digital transformations have increased exponentially in the workplace over the pandemic, with the role of and reliance on ...