A survey of over 1,000 financial executives, EY’s 2023 DNA of the CFO Report, found that while 16% of respondents rate their finance function as “best-in-class,” only 14% plan to “pursue a ...

While digital transformation is necessary, it is particularly beneficial for the finance function, which gains efficiency in transactional processes—the vast majority of which can be automated ...

The use of AI in the finance function has reached its highest levels yet, with 62% of U.S. companies using AI to a moderate or large degree, 58% piloting or deploying generative AI (GenAI) and 52% ...

The finance function is expected to have administrative and operational responsibility. ... These stakeholders include human resources, health IT, existing provider boards and audit functions.

Transforming Finance. To support all this, the Finance function at the company needed to undergo some changes, including a goal of, as Muscat puts it, getting out of ‘Excel City’: Before our digital ...

The business market today has become so competitive and dynamic that the management of finances is (no longer) enough for such an organization to achieve a long-term successful track record. Sustained ...

In recent years technology has transformed almost every aspect of the finance function, revolutionising the industry from top to bottom and impacting just about all transactions and processes.