According to Gartner’s new report, Top 5 Priorities for CFOs in 2024, which offers actionable insights to lead finance transformation and functional improvement. Through 2025, more than 40% of finance roles will be either new or significantly reshaped due to finance technology.
The report also found that currently, 70% of finance transformations are either less impactful or moving slower than expected.
Gartner suggests
Prepare to make decisions about the whole operating model for autonomous finance. As you develop operating model principles for your unique business context, keep these themes in mind:
- Finance teams will work more like technology teams. Borrow from the best of how technology teams work to prepare for an environment where most teams have some responsibility for technology deployment, customisation and ongoing management.
- Machines will play a bigger role in decision making. Automation is already widely used for transactional tasks, but machines will become more capable of judgment-based decisions and provide more prescriptive advice to humans.
- The comparative advantages of the centre will grow, while the comparative advantages of regional teams are likely to narrow, as technology and standardisation progress.