Finance and accounting, aided by intelligent technology and automation, will become an innovation center and strategic partner across the business. Finance and accounting professionals will focus on analytics, rather than transactions, and transform rigid planning cycles into flexible, real-time insights.

While no one can predict exactly what technology or shifts will emerge next, the broader adoption of AI, automation and advanced analytics will continue to drive business growth. Businesses that adopt AI will continue to build maturity in their models and find new ways to use intelligent technology to help with data-driven decision making.

Technology is automating transactional tasks, which enables professionals to focus on strategic, value-add activities. Though automation will remove the need for many manual and repetitive tasks, it can’t replace human judgment and the real-life experiences that inform those judgments. However, professionals must adapt their skill sets to integrate these technologies into their work in order to provide high-level advisory services.

The future of finance brings many challenges for CFOs. They include:

• Balancing financial management with strategy
• Overseeing large amounts of data and data regulatory compliance
• Guiding change management
• Adopting and adapting to new technology, including AI
• Aligning strategy between finance and operations
• Retaining and upskilling talent

More than just technology, your culture will define success. A finance transformation requires strong, collaborative leadership that’s open to new ideas and approaches. This also means a cross-functional understanding of the business and its operations. In addition, a digital transformation requires talent that can manage and interpret data, integrate platforms and quickly adapt to change and new information.

We provide the expertise you need to fill talent skill gaps, increase capacity for your team and help you optimize your systems and workflows. Our vetted network of fractional finance and accounting experts have years of experience in supporting financial planning and analysis, digital transformation and more. Using our proprietary AI-matching tool, we’ll find your business the perfect expert within hours, so you can hit the ground running.