How the finance function uses digital technologies

Question 1

Core modernisation tools

Answer 1

Technologies anticipated to effectively update existing systems and improve capability. E.g. Cloud technology/Data visualisation

Question 2

Exponentials

Answer 2

Delivering new capabilities, pushing the finance function forward but are still at the early-adopter stage. E.g. Blockchain/Advanced Analytics

Question 3

Advantages of process automation

Answer 3

Cost savings
Value adding
Improved accuracy
Positive return
Adaptability