TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Submission Guidelines

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
What role does the finance function play in organisational transformation?

Story • 24th Nov 2021 • 2 Min Read

What role does the finance function play in organisational transformation?

Technology#BusinessTransformation

Author: Drishti Pant Drishti Pant
278 Reads
The role of the finance function is rapidly evolving, managing operational, climate and non-financial data, and delivering insights based on robust data analytics collected by efficient and effective processes.

In Transformational journeys: finance and the agile organisation ACCA, CA ANZ and Generation CFO assert that the role of the finance function and its skill sets are intricately linked to organisational transformation. However, it is important how the finance team aligns to organisational goals  to ensure they continue to contribute effectively to the transformation of where they work – whether large or small.

The role of the finance team itself is changing with a greater focus on insight and forward-looking considerations rather than just reporting the events of the past. As a result, they need to ensure that they remain relevant to their organisation and contribute to its transformation. The journey for them begins with clarity in its own purpose. 

Helen Brand, Chief Executive of ACCA explains: ‘Finance professionals have a clear role to play in transformation. The nature of that role is dependent on the extent to which they have a vision of how finance itself can contribute to the organisation of the future. Finance teams need to be forward-thinking and agile in the face of relentless change.’

"There’s no doubt that the speed of change will continue to accelerate. Being prepared for that acceleration will enable finance and accountancy professionals to play their full role in the transformation process and help secure long-term organisational success," added Ainslie van Onselen, Chief Executive, Chartered Accountants Australia and New Zealand. 

Jason Ford, Vice President at NTT DATA UK shares what transformation actually is – strategic, incremental, changes that improve the business model – and key trends in transformation, from understanding the risks to the rise of the ‘Cloud Native’. 

Among other things, the report highlights that skills in technology and data are essential for innovation and creativity. Finance professionals must invest in building these skills to be able to make a significant contribution to organsational transformation. 

As organisations evolve to respond to the needs of their customers, the finance function must reappraise how it assesses the effectiveness of transformation. This requires collaboration between those charged with the development and delivery of services and the finance function, to understand the realities of the investment case and effective performance measurement.

Read More

Did you find this article helpful?


You Might Also Like

Top tech firms come up short on digital inclusion

STORY • 14th Mar 2023 • 3 Min Read

Top tech firms come up short on digital inclusion

Technology#DEIB
Where are women in crypto putting their money?

STORY • 13th Mar 2023 • 3 Min Read

Where are women in crypto putting their money?

DiversityTechnology#DEIB#WomenofChange
Robot recruiters: Can AI hire the right people?

STORY • 13th Mar 2023 • 3 Min Read

Robot recruiters: Can AI hire the right people?

TechnologyRecruitmentHR Technology
NEXT STORY: Do inclusive workplaces mean mental/emotional well-being for employees?

Trending Stories

  • design-thinking-hr

    Move over, rock stars! Here's what people look for in teams

  • design-thinking-hr

    Here's what Bill Gates would advise his younger self

  • design-thinking-hr

    Top 10 hottest jobs in Australia 2023

  • design-thinking-hr

    Power to the people? How workplace dynamics are shifting

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Submission Guidelines

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
×

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :
People Matters Logo

Welcome Back!

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.