When finance and treasury roles consider applying these emerging technologies to their processes, there are a many opportunities to transform the way they operate and enable their business to be more competitive. There are also serious challenges and considerations in governance, talent strategy, cyber risk, and more that have to be very carefully considered. One thing is clear, however: ignoring these technologies isn’t an option. Finance professionals must prepare for the disruption these technologies will bring, or they will find themselves overwhelmed.
In partnership with the Association for Financial Professionals (AFP) and Starfish Leadership, we are proud to present Emerging Technologies and the Finance Function: Prepare for Disruption, the first report in the AFP MindShift series.
Figure 1: Impact of emerging technologies on major industries.
Now more than ever, it is incumbent on finance and treasury executives to really understand the opportunities and the implications of emerging technologies. This paper aims at guiding the corporate finance and treasury community through this change in a practical, objective manner and aims to answer the following questions:
- What are the key emerging technology trends that finance and treasury professionals should be aware of?
- How will some of these technologies help the finance/treasury organization? How will it impact their organization?
- What strategic moves do finance/treasury professionals need to make in order to prepare for these changes?