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The Office of the CFO Requires Digital Transformation — First Steps for Success

Publisher IDC
Published Mar 03, 2023
Length 7 Pages
SKU # IDC17783419

Description

The Office of the CFO Requires Digital Transformation — First Steps for Success

This IDC Perspective shares information on how to be successful and speed up the digital transformation for the office of the CFO. If you create foundational elements, it can help speed up the transformation and reduce complexity and frustration. The focus is usually on a gap in the services of the office of the CFO or the loudest complaint in the department that can lead to it not addressing the root cause or locking the department into a specific technology that won't be helpful for future technology decisions."With all the demands and expansion of responsibility of the office of the CFO, it can be hard to do the prep and due diligence to set up the team for success and scope the finance transformation project which can lead to false starts or missteps that can be costly," says Heather Herbst, research director, WW Office of the CFO.

Please Note: Extended description available upon request.

Table of Contents

7 Pages
Executive Snapshot
Situation Overview
It Starts and Stops with People
Communication Plan with the Team
Key Areas That Will Help Define the Scope of DX
Identify the Finance Customers and Who You Are a Customer Too
Responsibility: Recognizing the Finance Role Within the Company
Department Requirements
Finance Department Complaints or Pain Points
Organize, Prepare, Document, and Move to the Next Phase
Advice for the Technology Buyer
Learn More
Related Research
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