Finance Transformation  is used to describe strategic initiatives aimed at improving Finance within a company. align Finance with the overall company strategy in order to become more efficient and provide better service to their internal customers

 

Finance transformation isn’t easy. there are no silver bullets to successful transformation, and no one-size-fits-all roadmaps to follow.

 

Each journey is unique and every organization’s ultimate destination is  different. For some, transformation is about delivering new processes, services and analysis that fundamentally changes the way the finance function interacts with the business.

 

Most important: More than 50% of the Fortune 500 that existed in 2000 has been acquired, gone bankrupt, or ceased to exist. “And changes are accelerating as businesses face a perfect storm of digital disruption, product fragmentation, and shifting customer expectations.”

 

Finance leaders can no longer debate whether they need to adapt. Rather, they must decide how, and how quickly.