Recognizing the opportunities of digitization and mastering the digital transformation of the finance function

Making the finance function more efficient and dynamic: Moving away from a reactive/ analytical steering approach and towards a proactive/ predictive corporate performance management – that is the goal for many CFOs in order to convert the finance function into a value-adding part of the company.

Suitable transformation initiatives need to be identified to lay the foundations for change in the organization. In addition, new and evolving business models are currently the focus of attention for many CFOs. Given this context, it is very important to understand the status quo of the organization and to identify possible initiatives to promote and exploit digitization within the finance function.

Against this background, the annual CFO study conducted by Horváth & Partners maps out the challenges CFOs are currently facing, which measures they are introducing to cope with those challenges, and what initiatives are being taken in practice to master digital transformation.

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