Question

“The prominent areas of financial decision making today are considerably different from what

they were few decades ago.” Explain.

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Answer 1

Much has been written in recent years about how the finance function has undergone significant change over the past decade. Technology such as AI, big data, and the cloud have had a tremendous impact, helping to automate many traditional book keeping tasks and provide more timely, accurate forecasting.

In light of these changes, the role of finance leaders has evolved towards that of a strategic partner to the CEO. They are now expected to drive growth and work closely with other departments, taking a greater role in tasks such as cybersecurity and data governance that would previously have been assumed to be held by other functions. We spoke to six experts in the field from some of the biggest companies in the world to get their insight into how the finance function was changing and what they were doing to cope.