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Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Acce...
Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Acce...
Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Acce...
Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Acce...
Advanced leaders are focusing a lens on both today and
tomorrow, forgoing reengineering and instead developing
an entirely...
Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Acce...
Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Acce...
Forward-looking CFOs understand how digital enablement creates business
value quickly. They enable their team to better le...
Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Acce...
LEARN MORE
about how CFOs can claim the keys to the
digital kingdom with our full report:
Copyright © 2016 Accenture All r...
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CFOs: The Digital Kingdom Begs for a Strategic Ruler

Corporations are fast becoming data- and analytics-fueled digital kingdoms. The finance organization is best positioned as the source of analytic insight because it can connect market and operational data to financial outcomes. Yet, too many CFOs remain stuck in the role of Chief Bean Counter as compliance, control and accounting activities rule the day.

Meanwhile, the enterprise continues to wrestle with a morass of data, analytics immaturity and legacy technology.

CFOs must get out from behind the desk, own the enterprise data and analytics agenda, and cut through confusion to drive profitable growth.

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CFOs: The Digital Kingdom Begs for a Strategic Ruler

  1. 1. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. CFOs: The digital kingdom begs for a strategic ruler
  2. 2. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. The digital kingdom is up for grabs.
  3. 3. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Who is well positioned to rule it? CFOs. CFOs have the ability to automate 50—60% of the finance function.1 That allows data and analytics to become a main focus of the CFOs’ energies, versus a side task. 1. Accenture Strategy estimates based on insights from client experience. Digitalization equips Finance to be more predictive and deliberate. Since digital finance is all about data and analytics, finance teams are best positioned as the source of analytic insight because they can connect market and operational data to financial outcomes.
  4. 4. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. A process-based mindset will not win CFOs the throne.
  5. 5. Advanced leaders are focusing a lens on both today and tomorrow, forgoing reengineering and instead developing an entirely new approach focused on outcomes. The pace of the digital world means nearly all business efforts should be focused on breaking new ground or quickly expanding into space created by a new category. This puts Finance into a defensive position because retooling and reinvention change nearly every role across the function. While most CFOs acknowledge the need for digital transformation in Finance, less than half have developed a strong strategy and plan.2 2. Accenture Strategy Digital Finance Survey, March 2016. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.
  6. 6. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. More than 75% of CFOs believe they are not very well positioned to meet the needs of tomorrow’s digital business, requiring a significant change in how they work.2 2. Accenture Strategy Digital Finance Survey, March 2016
  7. 7. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. CFOs must lead the journey to digital ROI.
  8. 8. Forward-looking CFOs understand how digital enablement creates business value quickly. They enable their team to better leverage data and analytics. The result? Finance becomes the definitive voice citing which digital investments deliver value — and setting the digital agenda. Early movers making a shift are transcending traditional business silos, leveraging increasingly sophisticated tools and analytic techniques to deliver finance services differently. The result is digitally-enabled outcomes such as faster end-to-end transaction processing times and real-time risk management. CFOs need to act as chief investor activists, connecting financial planning and analysis, enterprise data management, and enterprise analytics teams to provide an end-to-end transparency that guides digital investments and decision making. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.
  9. 9. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. While 63% of CFOs believe they are best positioned to be the fact-based voice of reason, leading the journey to ROI, few are making it an integral part of their role.2 2. Accenture Strategy Digital Finance Survey, March 2016
  10. 10. LEARN MORE about how CFOs can claim the keys to the digital kingdom with our full report: Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. CFOs: The digital kingdom begs for a strategic ruler

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