Transforming roles of CFO and his staff
Digital Transformation is changing the skills and capabilities of finance and accounting function, it is redefining roles rapidly.
Robotic Process Automation
Artificial Intelligence (AI)
Finance Function is Transforming
With an ability to view business as a whole with financial data, CFO’s office is now increasingly being viewed as integral part of business transformation.
Impact of Digital Transformation in various Finance and Accouting Roles
|Roles||Overall Impact||RPA||Advanced Analytics||Machine Learning (ML)||Block Chain||Mobility and advanced collaboration||Data Privacy & Security||Growth in GIG Economy||Regulatory and Compliance||Business Partnering Ecosystem||Cloud App and ERP Adoption|
|Account Payable Executive / Analyst|
|Vendor Master Management|
|Client Master Management|
|Account Receivables Executive / Analyst|
|Reporting Analyst / MIS Analyst|
|Taxation Executive / Analyst|
|Already Impacted||Expected to Impact|
|Minimal Impact Expected||No sign of
Emerging Roles in
Finance and Accounts
Expert accountants leveraging systems, tools, functionalities for efficiency and expertise.
Business Growth Partner
Management Accounting Expert- Acts as a bridge between Finance, business and market. Focused on delivering outcomes.
Risk and Compliance Manager
Responsible for the risk & compliance requirements; technology for integrated risk management.
Responsible for developing and implementing decision models based on collating multiple sources of data
Digital Transformation Engineer
Responsible for identifying and implementing emerging technologies including automation projects within the business.
End to end ownership of the process with emphasis on process design, standardization, technology implementation
Responsible for leveraging cross-functional and business data to inform strategic, operational and domain specific decisions.
How do you start?
Predictive Enterprise Risk
Assisted Insights & Performance Management
Digital Maturity Test
Transform Work Force
Build people +Bot Structure