Aren’t robots in finance still some way off? Absolutely not. They are closer than you might think, which means that financial administration can be handled automatically. Should finance professionals be concerned?
Nowadays, there should be a Chief Innovation Officer in every boardroom, with innovation comprehensively embedded in the business strategy. This is the only way to keep up with an ever-changing playing field. No time to hesitate- it’s time for action!
The digital economy is everywhere. There is no sector that is not (directly or indirectly) influenced by new technologies. New business models are driven by the Cloud, mobile, Predictive Analytics, Machine Learning, Blockchain and Big Data. Five reasons why CFOs have to reinvent themselves as Digital CFOs to grapple with these developments.
Mobile working is one of the key trends in the development of business software. In recent years companies have become really dependent on mobile technology to do business. In our daily lives, we arrange increasingly more things by using our smartphone or tablet. Paying bills, booking a holiday, ordering shopping, keeping up to date with the news (via social media), watching films, playing games. Primarily the user-friendliness and processing power of IT has grown exponentially, thereby changing our concept of an acceptable IT experience. This has also had an effect on our expectations of IT at work.
And why it’s now time for a proper consolidation tool
Year closing is a serious undertaking for any financial team. If you’re up to your neck in spreadsheets, your making your life more difficult that it needs to be. Not convinced? Well, here are at least 10 reasons why 2016 should be the last year you complete without a dedicated consolidation tool.
Digital transformation, robotization, artificial intelligence. The impact of technological developments is high on the strategic agenda of many companies. What does this period of transformation mean for HR professionals? And what role are we expected to take?
Robotics, machine learning, blockchain- all technologies which cause disruption and spark digital transformation. 2016 could well be described as the year in which technological developments gained a foothold in both boardroom planning and management publications. If the trend gurus are to be believed, there are some big changes on the horizon. But what’s realistic? And what time frame are we talking about? What are the hot topics that should be on every CFO’s strategic agenda in 2017?
We see that many businesses struggle to get a grip on their staff utilisation. This has a negative impact on their ability to make accurate plans and to adhere to agreements.
We have already seen countless trend reports and top five lists for 2017 for wholesale, distribution and supply chain. These predictions all seem to have one thing in common: namely the observation that change is the only constant. Digital is the new normal, and you must embrace these changes as quickly as possible as an entrepreneur: eat or be eaten.
The time of 'sitting back to take another look at everything' is over. It is crucial that companies prioritise the application of technological innovations and take rapid action. The growth of companies who have their software entirely or partially in the Cloud is growing, but not every company is making this transition. And that is a pity, because there appears to be a strong correlation between the use of the Cloud and the growth figures of a company.