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By Suma Chander, Principal and Roman Z. Matatov, Senior Manager
Organizations of various sizes and stages are faced with adapting to rapid changes and stakeholder demands by transforming their strategic plans and operating tactics. Their functions, including finance and accounting, are tasked with adopting a flexible perspective on priorities and desired organizational outcomes. Common strategic themes include developing or deepening organizational capability for data-driven decision-making and adopting an anticipatory posture to be able to benefit from business upsides, while fortifying the organization against emerging risks.
This is only emphasized further with the current banking crisis and highlights the need for more automation using technology for controls as well as treasury management. Much of this activity is underpinned and aided by various technology-focused initiatives commonly referred to as “digital transformation.”
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