Any delay on finance's part and it risks being left behind.
Finance has navigated ever-increasing regulatory requirements, economic volatility, eroding margins and rapid advances in technology.
All of these factors have fundamentally changed how organizations operate. And finance, having successfully evolved with these changes, has earned its seat at the boardroom table. But to remain relevant, finance needs to realign its priorities to match those of the business.
Revenue planning, establishing KPIs and risk management are three areas where finance is well-positioned to add value to the business. But the Finance organization will have to move quickly to understand the business needs, identify the skill gaps and align resources to meet changing business priorities.
Any delay on finance's part and it risks being left behind.
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