Potential benefits of pursuing a streamlined, digitally-powered finance organization
While some companies continue to use inefficient legacy accounting systems, we are now seeing rapid advancement of digital technologies beyond just the cloud “boom.” When coupled with the expansion of artificial intelligence, the acceleration of speed to value, automation capability, and speed of information have jumped dramatically.
CFOs increasingly need to facilitate an agile, effective allocation of capital based on the enterprise’s most pressing business priorities. By leveraging automation, data, and the right skillsets, CFOs can increase the speed, accuracy, and quality of financial data and analysis while mitigating financial and compliance risks. Moreover, by redistributing the work within F&A and increasing usage of dedicated, specialized CoEs, organizations are able to attract and retain top talent.
The Finance Transformation practice at KPMG supports the growing agenda and increased responsibilities of today’s finance and accounting leaders. With a globally focused team of knowledgeable professionals, we can help strengthen your finance operations by addressing key priorities including strategic decision support, efficient operations, strategic growth, and governance. Our services can help you improve your processes, drive business-led technology improvements, expand transparency and information integrity, develop strategies to prioritize and retain resources, and prepare for impending change.