Some finance teams are light years ahead of others with a fully integrated, digital platform. These pioneers are charting their success against a financial maturity model, moving from paper-based processes to harmonised business operations to secure the financial health of their business. How can businesses apply this digital transformation strategy to assess their financial health and map their path to profitability & growth.
Deloitte recently reported that CFOs have reached a tipping point, shifting from a defensive strategy to an expansive one. Aggressive investment is now planned in technology with 89% of CFOs spending more on digitalisation. Does this reflect your own perspective?
What approach are you taking to changes in your finance processes – incremental changes or wholesale innovation?
How financially mature would you say your business is currently? How reliant are you on manual/physical processes compared to partly/fully automated?
What are the key drivers to increasing this maturity?
What challenges are you currently facing on this journey to financial maturity?