Driven by the accelerating digitalization, the finance function faces the risk of being reduced to an efficiency-first support role. By redefining its value contribution and self-perception, finance can seize the opportunities that digitalization offers to develop into a digital driver that shapes the digital landscape of the entire organization.
This point of view is aimed at finance executives, wishing to pursue the second avenue. The authors offer practical insights and actionable steps on how finance can become the digital driver of an organization. In our view the key is to communicate this vision clearly, empower your agile teams, harness the opportunities of big data and AI, and start small and grow fast.