According to a Deloitte survey of North American CFOs, three factors are accelerating the transformation of the finance function. Technology weighs heavily in the mix, as does a shift toward project-oriented opportunities.
Technology has advanced quickly over the last few years, and some CFOs have found new tools like artificial intelligence and robotics hard to understand. CFOs may need to re-educate themselves and focus on looking forward instead of looking backward at historical data.
Retooling the workforce will also help. To successfully develop their finance departments, the top three skills CFOs will need are analytical skills, expertise in digital technologies and automation, and core business skills.