7 Emerging Trends that are Changing Finance

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7 Emerging Trends that are Changing Finance Departments

The role of the CFO is evolving and that means finance departments are evolving too.

Learn how technology is helping leaders chart a new course for a more data-driven world. The growing pains and greater visibility mean the finance department will need to take charge and help the business shore up IT security, implement strategic technologies and find ways to optimize systems.

 

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Topics Inside the Book

Evolving CFO Role

The role of  the CFO continues to evolve to include IT management, operations, and business strategy responsibilities.

Changing Workforce

The workforce is changing. Millennials have different values and working styles than many older employees, and new technology is enabling a more mobile workforce.

Greater Visibility

As new technology improves data collection and accuracy, advanced analytics technologies are making big data more accessible, giving finance professionals greater visibility into their organizations.

New Growing Pains

As they grow their business, many finance professionals have to manage new challenges, from managing business growth in a complex economic environment, to managing businesses that are more global than ever before.

Emerging risk

With new responsibilities comes new risks for financial professionals, including new IT security risks, risks of globalization, and risks pertaining to changing workforce demographics.

Evolving regulations

Digital technology is reshaping the modern retail experience.

CFOs in the spotlight

CFOs and finance organizations have been thrown into the spotlight due to a rise in power, the growth of institutionalized investors, and a handful of high profile scandals that shook up the business work in the early 2000s.

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

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