When data flows are connected, it’s so much easier to make quick and accurate decisions. This is the principle behind the emerging notion of the connected financial office. But how can finance teams achieve the level of unity required to start unlocking the benefits? Gareth Priest, Chief Platform Officer, Bottomline Technologies, considers the keys to success.
It might sound like a cliché, but the world really has changed. In the face of testing times, many members of the global business community have proven their resilience, turning the shock, uncertainty and volatility of the past couple of years into an opportunity. And they are coming at the new landscape stronger, faster, and smarter.
According to a recent Deloitte Insights Study, CFOs are “leaning forward, not looking back”. It indicates that business leaders are ready to push for growth, and that their respective finance teams are preparing to support their plans.
However, for those finance teams, realisation of full potential requires recognition of two key strategic elements: that transformation is an evolution, not a revolution; and that digitalisation is best achieved when leaders look within and across the business. In essence, the new world is about making strong and stable connections, and the finance office is a key enabler.