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How EY can Help
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EY's Finance Transformation Strategy and Vision solution accelerates transformation to an agile finance function focused on long-term value. Learn more.
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What it takes to build a future-ready finance function
Technology alone is not enough. Five foundational pillars determine whether a finance function is truly future-proof:
System architecture
Legacy systems often hinder agility. Modular solutions like headless finance and composable architecture enable flexible, scalable system design that supports innovation and data integration.
Data
Reliable, well-governed data is the backbone of transformation. A robust data governance framework and phased implementation of automation platforms are essential for sustainable improvement.
Processes
Manual workflows are inefficient and error-prone. Digital tools should not replicate outdated methods but instead enable process redesign based on data flows.
Operating Model
Traditional finance structures limit responsiveness. Models like centralized Finance Data Offices or dedicated analytics teams foster agility and data-driven performance.
Talent
Rapid technological change has exposed a skills gap. CFOs must invest in talent with analytical, digital, and strategic capabilities — and cultivate a culture of innovation and continuous learning.
The Strategic CFO: Creating value for the future
CFOs stand at the threshold of a profound transformation. By investing in technology, data, and people, finance can evolve into a resilient, forward-looking function that not only protects value — but actively creates it.