A future where finance delivers a greater strategic value, through people, process and performance
thought that the finance function would be substantially disrupted in the next 5 to 10 years.
agreed that finance teams will spend all their time on forward insight not rearward review.
noted that new skills & career paths will be needed over the coming years to respond to change.
agreed that a structural change within the finance function is likely to occur.
PwC’s Finance Benchmarking team, along with the ACCA (Association of Chartered Certified Accountants) have conducted research into the future of finance, based upon a series of interactive workshops with finance professionals worldwide.
Our joint research analyses market attitudes to disruption inside the finance function and uncovers the wide range of understanding of how technology will continue to disrupt the finance function. Based on a global survey of over 1,200 ACCA members and a number of client workshops, it focuses on key challenges facing the future finance function: the role of the CFO, future career paths, digital skills, data and decision-making, and cultural change.
Wherever you are on the transformation journey, it is clear that digitisation is profoundly changing how finance functions in every industry operate. The question isn’t whether you need to transform - it’s where you need to start on the journey - and what value this can add to the business. The starting line is different for every business.
What do changing priorities and evolving technology mean for the finance function of tomorrow?
This report shows the fast pace of change in the finance world and the opportunity this brings for organisations and the people within them. A people centered approach is required to capitalise on this; a clear vision, collaboration and strong leadership.
Brian J Furness
Global Consulting Finance Leader, Partner, PwC United Kingdom
Tel: +44 (0)20 7212 3917
Senior Associate, PwC United Kingdom