Today’s finance department is in a state of evolution. No longer is finance purely looked at as a back office process that lacks innovation and does not serve any strategic function. Rather, a modern finance department can be a source of efficiency, collaboration internally and externally, and as a source of valuable insight that can be used in decision-making. Aberdeen’s The Integrated Approach to Treasury and Risk: Achieving Greater Returns through Automation and Visibility noted that the second and third leading priorities of finance departments are the automation of core functions and promoting collaboration across all finance roles.
Source: Aberdeen Group