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Office of the CFO: How to Start the Transformation-and-Change Adventure for the Finance Department

Publisher IDC
Published Nov 21, 2023
Length 12 Pages
SKU # IDC18334722

Description

Office of the CFO: How to Start the Transformation-and-Change Adventure for the Finance Department


This IDC Perspective initiates a “how to” playbook tailored for CFOs embarking on their finance transformation journey. These playbooks aim to guide CFOs in getting started, avoiding common pitfalls, and successfully addressing challenges as they lead their finance departments through the change management process encompassing processes, technology, and people.“While many CFOs and their departments have embarked on the finance transformation journey, a significant number encounter obstacles or fail to implement changes effectively within finance processes and technology. Often, they face resistance to change from their employees due to a lack of organization, planning, and documentation. The entire journey demands substantial time and resources. This series intends to provide CFOs with valuable guidance and practical examples to navigate and progress through their transformation journey.” — Heather Herbst, research director, Worldwide Office of the CFO at IDC

Please Note: Extended description available upon request.

Table of Contents

12 Pages
Executive Snapshot
Situation Overview
Get Organized: What’s Important to Have Before Starting?
Documentation
Pain Point: Inaccurate Forecasts
Proposed Solution
Additional Considerations
Technology: Capabilities and Process Requirements
Business Architecture
Capabilities
Here’s a Structured Way to Define a Capability
Example of a Plan to Perform Capability
People
But I Do Not Have the Time … Time to Think Outside the Box
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

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