Digital Transformation presents CFOs with new challenges and is having a huge impact on the Finance function, putting the Office of the CFO at a crossroads.
The digital business model requires new skills and processes. The classic finance model has to change quickly, expanding beyond traditional functions such as accounting, controlling and reporting to a more strategic role where the Office of the CFO provides insight and future direction for decision-support to the entire business.
How quickly finance adapts to its evolving role is not only critical for the CFO’s successful career path, but also for the success and competitiveness of the companies they work for. Particularly important will be how Finance seizes the opportunities enabled by digital transformation initiatives powered by next generation analytics enabled by artificial intelligence (AI), machine learning (ML) and virtually limitless computing power in the cloud.
In this ebook, Jedox, a leading provider of AI-enabled Enterprise Planning and Performance Management software, has partnered with Microsoft to outline how the Office of the CFO is evolving with digital transformation. This ebook specifically looks at common challenges and how Finance can move quickly to drive successful AI-enabled data and analytics strategies – and establish the Office of the CFO at the heart of the digital enterprise.
Among EPM tools, Jedox confirmed its top rank with a total of 46 leading positions across its three comparison groups, including 15 top positions in categories such as “Business Value”, “Functionality”, “Data Integration”, “Self-Service” and “User Experience”. The vendor’s impressive 96% product satisfaction rate speaks for itself.