June 2019: What We’re Reading
News and insights to keep you up to date and on track—finance in the automated future, avoiding “fake news” in data analysis, and the most hyped tech since Y2K.
News and insights to keep you up to date and on track—the role of finance in the automated future, avoiding “fake news” in data analysis, and the most hyped technologies since Y2K.
Deloitte | @Deloitte
The future of finance is poised for a transformation (or eight, according to these top predictions). Automation, blockchain, and real-time reporting will shift the focus of finance teams away from operations, paving the way for significant growth in business strategy and financial insights.
“Leading organizations will be operating with a new mantra: There is no close. You’re not forecasting once a month or quarterly. It’s all happening in real-time.”
Matt Poleski for FP&A Trends
It happens all the time: accurate data can lead to false information. Even when armed with the right numbers, business leaders can easily (and unknowingly) miss crucial factors—or simply look for the answers they hope to find.
“In an era where FP&A professionals are pushed to be more ‘playmakers’ than ‘scorekeepers,’ keeping score fairly is critical to making sound business decisions and remains a tremendous value add.”
Jackie Combine for CFO Tech Outlook | @CFOtechoutlook
The function of finance teams will undoubtedly change as new technology emerges. How can leaders prepare their teams and perform above expectations? The answer lies in strategic partnerships across departments.
“Technology is not going away, and the CFO who stays abreast of the trends and who partners closely with CIOs and CTOs is uniquely positioned to drive growth, innovation and, of course, shareholder value.”
Josie Cox for Raconteur | @raconteur
Contemporary attitudes toward traditional banking are igniting change in every side of the industry. Customers want mobile-first solutions, job candidates look for purpose over pay, hierarchies are shifting horizontally, and regulations require more transparency.
“Digital disruption has changed every industry and will continue to do so.”
PYMNTS | @pymnts
Electronic payment options save manual labor and help lessen fraud, but a paperless future can still feel far off. This look at accounts payable shows the processes that digitization alone can’t fix.
“Accountants and bookkeepers especially struggle with compliance in accounts payable. They struggle with managing AP across client bases, and making sure the processes are as they should be.”
Looking Forward: A Conversation About the Future of Work with Jack Altman, CEO and Co-Founder of Lattice
Anna Auerbach for LinkedIn | @LinkedIn
The CEO behind performance management software company Lattice shares his predictions for the future workplace. Automation will take over some manual processes but has a large gap to close when it comes to things like empathy and creativity. Fortunately, the right balance can add up to more than the sum of its parts.
“The highest aspiration of data would be to actually help inform recommendations and business decisions that would improve your culture, your productivity.”
Nick Routley for Visual Capitalist | @VisualCap
Every year sees the launch of something new and buzzworthy. Years later, what persists and what silently dropped off the radar? This visualization of hype and market popularity highlights the success stories (cloud-based computing) and the faded trends (3D printing) since the turn of the millennium.
“Right from the beginning, the analogy of data breaking the shackles of folders and clunky external drives—instead zipping efficiently into the invisible cloud—generated a lot of excitement.”
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