Digital transformation in finance is already expanding beyond scholarly debate. The exponential possibilities of digital are being recognized by finance leadership. Frequently, the impetus comes from the front end of the organization, where digitization is fundamentally altering how we live, work, and unwind. Additionally, there is a greater focus on making finance procedures straightforward, user-friendly, and nimble as millennials enter the workforce.
As long as efforts remain focused on helping the business achieve growth, improve efficiency, and manage risk and compliance, an ad hoc strategy can equally and readily lead to meaningful, value-adding financial transformation. Redefining the finance operating model for one organization may be part of the change.
It is rightly said that the need of the hour is digital finance!
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