Successful digital finance transformations hinge on having the right people in place at every stage of the journey – assembling an expert team should be a priority for results-driven Finance and IT leaders.

Expertise drives results

of firms globally are accelerating digital transformation, up from 37% two years ago1

of digital transformations fail2

Underinvestment in people is the most common reason they falter3

THE NUMBER 1 CHALLENGE IS FINDING TALENT

44%

of organisations say expertise and skills gaps are the top barriers to success3

Specialist talent and experience are critical to delivery

LEADER­SHIP ACROSS FINANCE & IT

CFO and CIO working in unison can bridge transformation knowledge gaps with a powerful partnership that delivers better outcomes through shared experience.

Highly skilled Finance/IT hybrid professionals are valuable when it comes to transformation.

COMMU­NI­CA­TION

Lack of executive buy-in when budgeting, or misaligned budget expectations, are major roadblocks for transformation investment.

Good communicators educate boards and the wider company on the necessity for change, boosting decision-making across teams and departments.

DIGITAL LITE­RACY

Leaders need a comprehensive understanding of Finance Systems and the ability to evaluate new tools.

In-demand skills include: data analytics, cloud computing, cyber security, and automation (AI, data science, machine learning, robotics).

FINAN­CIAL LITE­RACY

Accounting credentials and financial literacy are just as important as digital know-how.

Finance and IT hybrid specialists are primed to lead change and run transformed finance offices.

STRA­TEGIC THIN­KING

Professionals who have a far-sighted understanding of the organisation’s goals, cross-functional capabilities and problem solving skills can drive success.

Digital finance transformation reduced one major company’s overall general and administrative costs from 9.8% to 6.4% of revenues, leading to more than $1.5bn in annual savings in one year4.

COMMIT­MENT TO PEO­PLE

3X

Training is key - Spending less than 13% of your ERP budget on training means you’re three times more likely to fail than if you spend 17% or more5

£7,400 PER PERSON

is the average cost of a new ERP system implementation6.

TRANS­FOR­MA­TION
DE­MANDS NEW ROLES

Digital finance transformations have brought new titles and responsibilities to the finance office, with these being the critical roles a CFO should be recruiting for:7

PROGRAM/PROJECT MANAGER

FINANCE SYSTEMS MANAGER

ENTERPRISE & SOLUTIONS ARCHITECT

FUNCTIONAL CONSULTANT

LEAD TRANSFORMATION MANAGER

LEAD DATA ANALYST

FINANCE BUSINESS ANALYST

BUSINESS INTELLIGENCE CONSULTANT

TRANS­FOR­MA­TION
DE­MANDS NEW ROLES

Digital finance transformations have brought new titles and responsibilities to the finance office, with these being the critical roles a CFO should be recruiting for:7

PROGRAM/PROJECT MANAGER

FINANCE SYSTEMS MANAGER

ENTERPRISE & SOLUTIONS ARCHITECT

FUNCTIONAL CONSULTANT

LEAD TRANSFORMATION MANAGER

LEAD DATA ANALYST

FINANCE BUSINESS ANALYST

BUSINESS INTELLIGENCE CONSULTANT

To find the right talent for every step of your transfor­mation
journey and beyond, get in touch with us today.

1. ”2021/2022 Digital Transformation & Cloud Survey: A Wave of Change” Baker McKenzie, December 2021. https://www.bakermckenzie.com/-/media/files/insightpublications/2021/12/2021-digital-transformation—cloud-survey—a-wave-of-change.pdf Accessed January 2023.

2. “Perspectives on Transformation” McKinsey & Co. December 2022, https://www.mckinsey.com/capabilities/transformation/our-insights/perspectives-on-transformation Accessed January 2023.

3. “KPMG global tech report” KPMG, December 2022, https://assets.kpmg/content/dam/kpmg/xx/pdf/2022/09/kpmg-global-tech-report-2022.pdf Accessed January 2023.

4. “KPMG global tech report” KPMG, December 2022, https://assets.kpmg/content/dam/kpmg/xx/pdf/2022/09/kpmg-global-tech-report-2022.pdf Accessed January 2023.

5. “A value-led finance transformation” Accenture, January 2023 https://www.accenture.com/us-en/case-studies/about/accenture-finance-transformation Accessed January 2023.

6. “2022 ERP Software Report” by Software Path https://softwarepath.com/guides/erp-report

7. “How to Plan Training for Your Cloud ERP Implementation” Oracle, March 2022 https://blogs.oracle.com/oracleuniversity/post/5-tips-how-to-plan-training-for-your-cloud-erp-implementation Accessed January 2023.

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