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Regulatory change, pressure on cost management and growth, and increased investment in technology and data are dominating the financial services industry.
In our latest CFO forum, we were joined by over 200 finance leaders to discuss how they can leverage the right digital opportunities to drive growth, mitigate risks and improve operational efficiency. Catch up on the highlights here.
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Survey results: What's the role of the 'Digital CFO'?
96% of CFOs are involved in their business' digital strategy, and most are planning a digital transformation programme for their finance function over the next 12 months. Are finance leaders equipped with the right resources to launch these programmes successfully?
Watch this presentation from Mark O'Sullivan, Head of Technology and Digital Services, as he shares a first look at key findings from our recent survey of 500 finance leaders about their role in digital strategy.
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Explore the full survey results to learn about the top-rated digital challenges and risks facing finance leaders.
Simon Davidson, Head of Finance Consulting hosted a revealing discussion around how CFOs can effectively leverage technology and data in their finance function.
He was joined by three seasoned finance leaders: Tarka Duhalde, Group Finance Controller at Iris Software Group, Bart Borms, CFO at Medivet, and Vineta Bajaj, Group CFO at Rohlik Group.
Watch the session to hear the panellists share insights on:
how they are using process automation and digital tools to save time
addressing compliance when integrating new solutions
upskilling their teams and leveraging internal resources for digital innovation
the importance of data quality and governance to make informed decisions.
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How should you approach your digital strategy?
As our panellists shared with us, the best way to get started with your digital strategy is to make small, incremental changes.
"There's a lot of low-hanging fruit for finance leaders to explore in digital, and you don't have to change everything at once. Start by exploring a new tool, for example, and then assess the impact on you and your teams. Let those insights drive you to the next stage."
Tarka Duhalde, Group Finance Controller at Iris Software Group
"You don't have to start by jumping headfirst into a complex technology integration - there are plenty of other, smaller ways that digital and tech capabilities can make your life easier. Get quick wins with lasting results by keeping your execution teams agile and small to make iterative changes in quick succession."
Bart Borms, CFO at Medivet
"For me, the digital agenda is about mindset. If you want to make a change, it doesn't need to be perfect - just 60 or 70% of the way there. Then you can continuously iterate to achieve a gold standard later down the line. Don't become preoccupied or pressured by perfection."
