If you could start by sketching your team on a blank piece of paper, would it resemble in any way the structure you have today? Would the design you come up with still be relevant considering the rapid changes brought about by the ongoing pandemic? Digitization has become a realistic goal for CFOs and their teams to remain highly relevant, especially when there is an ever more pressing need to react quickly.
The COVID-19 pandemic drove the need for many finance functions to transform. CFOs pivoted to deal with the crisis, finding new tools and ways of working to facilitate their finance transformation. However, the results have not always equaled the desired outcome. Turning finance transformation objectives into reality is a hard, thoughtful work.
The past 3 years has put us all under immense pressure, but it’s also made us more open to meaningful transformation.
As the old saying goes, “No crisis should go to waste”.
Today, data – both structured and unstructured, is seen as the most valuable business asset to solve problems and improve productivity. An article in Forbes says every company today is a data company! However, we often get questions from our clients, whether data can offer insights when there is no complete data available. The short answer is YES; data can provide insights even when the complete data set is NOT available! Here is a one example to illustrate this.
In this CFO Talk guests Lance Rubin and Giles Male cover what CFOs need to know about modeling.
