This blog is part of a series of Key R2R Trends for 2016, the full list can be seen by downloading the Insights piece here.
Disruptive technology is still seen as the number one method that finance professionals identify to make finance processes more effective. Experts agree that this technology is continuing to evolve through Social, Mobile, Analytics, and Cloud (SMAC), to provide intelligence when and where it’s needed and improve collaboration across teams and geographies.
“The next wave of IT can be found in Social, Mobile, Analytics, Cloud (SMAC). SMAC technologies are redefining enterprise IT and will remain the driving force of enterprise level IT for decades to come. The combined technologies erase geographical barriers, cut costs, and enhance the operations of any given business. SMAC technologies are transforming companies today, while simultaneously preparing them for the business challenges of tomorrow.” – Capgemini
A number of recent reports from the likes of Deloitte, KPMG, PWC, EY and a recent Accenture survey report show the strength of this, wherein nearly three-quarters of finance executives believed SMAC technologies will change how finance is structured and run.
In terms of the Record-to-Report process, we are seeing more companies demand more than a good ‘system of record’, they want technology to drive actions and identify process improvements. They also expect access to this information anytime and anywhere through the Cloud and mobile devices.
For more information, download the insights piece: “Record-to-Report Metrics That Matter” by clicking on the link below.