How to use innovation to support the finance function

Play video
4 minute read 26 Nov 2018

Learn how FAAS listens to CFOs, Treasurers and Controllers to help build connections between IT, innovation and business operations.

CFOs are under pressure to create opportunity from complexity. No longer do finance functions and their leaders just report the numbers, they are now required to play a much bigger role in strategic and operational decision-making in organizations.  In addition, stakeholders, such as audit committees, investors and regulators, are demanding greater accuracy, consistency and transparency from reporting.

By applying innovative technology and leveraging analytics, the finance function can gain a better understanding of the numbers and so improve reporting to all stakeholders. EY Financial Accounting Advisory Services (FAAS) teams can help support finance leaders to leverage the potential of technology and analytics and to help finance teams meet the challenges of the broader business agenda.

Summary

CFOs are under pressure to create opportunity from complexity.  No longer do finance functions just report the numbers, they now are required to interpret and communicate them to support decision-making and to shape business strategy.