Harnessing the power of data to enhance and position finance functions as strategic value drivers.
Tech-powered change is positioning finance functions to unlock greater value across organizations. These areas of focus will help your teams improve performance and reveal opportunity.
The most common problems of CFOs
Inadequate or insufficient reporting management
Information flows are slow and they complicate your decision-making
You cannot trust your own financial data
You want to see a higher added value to your work
- Up to 95% of CFOs consider automation and digitization to be an important topic
Source: CFO Survey 2022
- 54% of respondents have serious concerns that their companies will not be able to achieve their goals due to economic instability, turbulent market conditions and the geopolitical situation,
- 59% of respondents consider automation of tasks and digitalization to be an important topic for improving financial and accounting processes at their companies
Is your finance function ready for the next wave of transformation?
A new wave of finance transformation is emerging, in which leading finance functions will lead by successfully collecting, storing and gaining insight from huge quantities of data. This new wave will position finance teams as data stewards — a new role for many CFOs, but one that must be embraced and embraced quickly.
From rethinking organizational structure, updating operational toolsets and redefining planning to managing cash, creating investment opportunities and improving forecast and analytical capabilities, finance leaders are now able to leverage internal and external data to help drive strategic opportunities for the company.
Exploding data volumes, radical automation and industry convergence — augmented by a move to the cloud — are creating this new wave of opportunities for transformation and expanding the role and impact finance functions have at their companies. Modern CFOs are leveraging this new era of data to further enhance their capabilities within operational finance via advanced analytics to drive insights that penetrate into operations.
CFO survey 2022 - Key Insights:
The three main trends in the transformation of finance functions are:
- Automation and digitisation
- Upskilling of employees to create the workforce of the future
- The need to transform despite market turbulence
Areas where we can help you
“In order to bring your finance function to the future, you need to fix the present. Once you have control over your data, streamlined processes, effective systems and people with the skills to work with them, then you’re ready to embrace what the future brings. Think business analytics available at the click of a button, monthly closing in less than a day, accurate forecasting available on demand and much more.”
How do we see the finance of the future?
How do we see the finance of the future?
Explore our Finance 2025 podcast series where we give listeners a look at the future of finance and the evolutionary road to get there
Contact us
Direktor na oddelení auditu, služby v oblasti kapitálových trhov a účtovného poradenstva, PwC Slovakia
Tel: +421 904 941 464
