The finance landscape is drastically changing. We are seeing increased demand from stakeholders around delivering the speed and quality of finance insights. The pace of innovation has ultimately resulted in a nearly continuous cycle, meaning integrating technology, data, and people is extremely important. Navigating the market complexities requires finance to address disruption head-on or risk being left behind by nimbler competitors. KPMG has identified these five key focus areas/pillars for the global future of finance:
Enable sustainable growth & value creation
Gain an unbeatable competitive edge
Think digital, be human, act with purpose
Continuously evolve the operating model, embrace new ways of working and prioritize talent
Turn risk into opportunity
Evidence-based decision making balanced by the organization’s core purpose. Positions HR as the predictive engine that leaders and the business seek.
Read the CFO agenda report on elevating finance
Effective finance transformation is built on what we call the five pillars of foundational competencies.
This paper explains how an approach based on these pillars can help:
Develop sustainable growth
Improve decision support
Increase the scope and value of services delivered
Maintain trust across stakeholders
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Future of finance – the future is now
Adapt to thrive. Finance cannot afford to spend valuable time focusing on transactions, processing and reporting. Today, regulators, boards, commercial functions and external stakeholders expect finance to be a true business partner. Why? Because finance is in a unique position to provide the insights needed to drive real-time decision making and elevate business performance.