What is finance transformation?

Finance transformation refers to the effort to align an organisation’s finance team’s priorities and outputs with business development and growth. It aims to create a finance structure that is able to produce data that can influence better business decisions. It helps to clarify the importance of finance functions in driving strategic business operations and analytics.

Many leading organisations are turning to AI to lead finance transformation. AI allows mass amounts of a company’s historical data to be automated and analysed quickly and efficiently, freeing up finance employees’ time to make analytical predictions for the future.

Finance transformation can be made up of many different tasks, operations or processes from new accounting software to revaluating budget formats. Its main goal is to increase efficiency and either its internal service to the organisation, or the organisation’s overall service to its customers. It typically focuses on improving:

Internal governance

This usually includes accounting functions, budgeting, audit, compliance, control, and risk management.


This usually involves improving finance functions in terms of new business requirements (onboarding new customers, markets, or acquisitions).

What kind of skills do you need to work in Finance Transformation?

Finance transformation is often an internal process implemented by a CFO, it is enacted on the entire finance team but is often lead by a Finance Transformation Analyst or Manager. In order to become a Finance Transformation Manager, most organisations are looking for a proven track record of finance experience.

Required experience:

  • Knowledge of ERP software and processes such as Oracle, Oracle Hyperion or SAP
  • Project management
  • Strong communication skills
  • Strong analytical mindset

Qualifications for Finance Transformation:

There are many recognised finance qualifications that can aid in finance transformation, including:

  • ACA
  • CIMA
  • ACCA

Soft skills for Finance Transformation:

  • Good teamwork skills
  • Good multitasking skills
  • Attention to detail
  • Creative problem solving
  • Commitment to further training and education

The different types of Finance Transformation job roles:

  • Finance transformation analyst
  • Finance transformation manager
  • Finance transformation manager
  • Finance transformation project manager
  • Finance transformation director
  • Finance transformation consultant
  • Business Analyst
  • Change Manager
  • PMO
  • PMO Manager

Finance Transformation Jobs

  • NetSuite Consultant

    • USA
    • USD120000 - USD160000 per annum
    • Permanent
  • Anaplan Systems Analyst

    • USA
    • Negotiable
    • Remote
  • Netsuite Developer – Remote Freelance Contract

    • London
    • Verhandelbar
    • Contract
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