The Office of Finance’s role must continue to evolve and place less emphasis on reporting and transaction processing (Finance 1.0). The new norm places a higher focus on identifying growth opportunities, analytics, and strategies that impact the company’s bottom line.
The traditional task of closing the books does not rank in the top 10, according to a recent Berkeley Research Group survey of CFOs. If your team is spending most of their time on traditional financial activities, you may not be optimizing your team’s value.
Finance 2.0 Polling Questions
During the webinar, Trintech discussed the evolution and importance of the finance role, how to best implement a successful Finance 2.0 strategy, some best practice examples, and the next steps your organization can take. Throughout the webinar, attendees answer these four questions:
- Which financial duties does your team spend too much time on monthly?
- What challenge is creating the biggest problem for your team?
- Which area of the monthly close process has the highest risk and visibility?
- Have you considered the implications on risks and controls to the financial transformation process?
Download the infographic to discover how the webinar attendees responded to these questions.
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