Finance function will evolve as an Agent of Change in these times of Digital Transformation.

1. Transforming
Finance in a Digital
Era

2. The Four Forces affecting
Finance function today
Finance must understand
‘DIGITAL’ smart technologies
‘BIG DATA & ANALYTICS’ are
transforming finance, from
reporting to forward-looking BI
‘RISK MANAGEMENT’ has
never been more important
Managing conflicting demands of
‘STAKEHOLDERS’, and complex
relationships across boards
1
2
3
4

3. No more ‘Business As Usual’
How will Finance lead the
Change?
‘7 steps’ where Finance function will evolve
as an Agent of Change…

4. Re-align Operating Model1
Finance teams will
provide their unique
‘value proposition’ not
by looking backwards…
…but by charging forward with innovation and new
business models.

5. “By 2020, we will see
finance teams much
more as integrators of
information, process
owners and…
…sophisticated managers of third-party
relationships.” - David Fincher, E&Y
Drive Integration2

6. Raise new Finance Talent3
Accountants will be
less in demand, while
data scientists,
sociologists, and
mathematicians will be
joining the ranks of
finance professionals.

7. Reimagine processes4
Finance professionals
will stop optimizing
and re-engineering
existing processes...
…rather they will
design optimal
processes that
leverage the limitless
possibilities.

8. Automate Reporting5
All finance information will be
available in a personalized
and secured way.
Information has to
be accessible
anytime anywhere.

9. Dynamic Planning6
Real time feeds
from internal
and external
data sources
will ensure that
forecasting can
be done
continuously.
Planning will
become thinking
as reaction will
become action.

10. Leverage Big Data Analytics7
Finance will
move to real-
time
analytics
through a
mix of
technologies
such as…
…cloud, predictive analysis, in-memory
and artificial intelligence.

11. Agility is the Key Driver
Finance function needs to rapidly adapt
and steer itself in the new direction to
be the ‘Agent of Change’.
Are you
ready yet?

12. Let’s stay in touch
https://www.linkedin.com/in/maninder-bhatia
https://mobile.twitter.com/_maninderbhatia

13. References
 Four Forces affecting Finance Function
today – Source:
http://www.ey.com/gl/en/issues/managing-
finance/ey-cfo-program-dna-of-the-cfo
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