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THE DIGITAL FINANCE
TRANSFORMATION TALENT GUIDE

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

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