CFOs: Don’t let your finance transformation project drag on
Did you know that a whopping 70% of finance #transformation projects tend to move slower than anticipated? If you’re a CFO looking to speed things up, here are three key factors to pay attention to in order to overcome obstacles and make significant progress in your transformation journey:
- Unsystematic technology spending — Limited clarity on the most critical technology investments to make, particularly as technology options continue to proliferate and technology spend continues to accelerate
- Limited representation of digital skills — A gap between finance’s ambitious digital transformation goals and the employees capable of delivering on them
- Inefficient division of labor within finance — Work duplication as well as unclear and outdated role