The CFO agenda: 6 insights for effectively managing financial digital transformation
Digital transformation is on the radar for most finance leaders this year.
In fact, in our CFO’s playbook for 2024 we discovered that 68% of senior decision-makers are rolling out some form of digital transformation in their organisations.
To dive deeper into this insight, in our recent playbook-inspired webinar, we heard from top finance leaders about how this digital transformation will pave the way for more efficient business processes.
Ross Latta, Co-Founder, CEO and CFO at Macrofin shared top tips in preparing for a new system. Oliver Wimshurst, FinOps Lead at Rora outlined how technology is changing the role of the finance team, while Faith Metobo, Senior Finance Manager at Blinkist, told us how to get from A to B when considering digital transformation.
Missed the live event? Don’t sweat it. Here are the key takeaways from the conversation 👇
1. Successful finance teams are agile and adaptable
What makes a finance team successful is different for every business. Shifts in regulatory frameworks, business models, market dynamics, and individual financial challenges and opportunities can vary quite a lot between industries.
And according to Ross, it’s ‘the ones with open mindsets for continual improvement and adaptation to new systems. And who incrementally make changes to help automate and make processes more stable and efficient using technology.’
Understanding and tailoring their strategies to the nuances between sectors is what makes an effective finance leader. Not to mention Faith’s point that ‘having a data-driven solution that’s agile and scalable, always with cybersecurity in mind’ will help businesses figure out what they need.
But not getting caught up in a stagnated industry is Ollie’s go-to.