Read Part One Here.
Read Part Two Here.
Read Part Three Here.
Read Part Four Here.
Over the last week, we analyzed the top five emerging trends facing CFOs in 2022 and beyond. The series touched on a variety of topics including harnessing real-time data, digitization, and the role of AI and automation. If you missed these, make sure to check it out in the links above.
The last trend in the series is below:
Agile and augmented finance teams
The problem many organizations face today is how to interpret large amounts of data to make it truly valuable. Understanding data cannot be limited to a team of highly trained data scientists. Insights must be unlocked across an organization and being able to explain the analysis and reasoning behind a recommendation is key to broad organizational success.
For CFOs, tomorrow’s finance teams must be automated, agile, and predictive. Above all, they must be able to implement powerful technology to process data in real-time for better and more strategic decision-making. The automation part of finance might be the least rewarding of tasks, yet financiers will be able to focus on more strategic subjects enabling their knowledge and expertise to be highlighted. The goal of automation is not to replace them, but rather to help them by turning them into augmented financiers.
So, what’s next for the future of finance? Thanks to powerful Natural Language Generation (NLG) technologies, CFO’s can update and comment on published forecasts in real-time. This way, comments are based on all the available data, which allows for ongoing analysis and therefore up to date in all circumstances.
If you have any questions or comments about any of the trends discussed in our recent series, we invite you to comment below or get in contact at email@example.com.