Close
  • CFO Survey 2019

  • CIO Survey 2019

  • COVID-19 Resource Center

  • Organizational culture
  • Women in business
  • Return on Culture
  • Culture benchmark survey
  • Return on Culture report

  • Economic insights & analysis blog

  • Future-ready banking

  • Transformation
  • inter.x

  • Built to serve private companies

  • Public policy

  • Recession

  • Status Know

  • Tax reform

  • Wayfair
  • Wayfair M&A due diligence report

  • Advisory services
  • Business consulting
  • Cyber risk
  • Risk advisory services
  • Deal services
  • Public sector
  • Status quo killers

  • Audit services
  • Accounting advisory services
  • Audit innovation
  • Boards and audit committees
  • Digital assets audit
  • Employee benefit plans
  • Private company audit
  • Public company audit
  • Status quo killers

  • Tax services
  • Global mobility services
  • Human capital services
  • iNDIRECT.360
  • International tax
  • Mergers and acquisitions
  • Partnerships
  • Private wealth services
  • State and local tax
  • Strategic federal tax
  • 2020 Tax planning guide | Public companies
  • Tax reporting and advisory
  • Status quo killers

  • Lease accounting
  • Status quo killers

  • Asset management

  • Banking

  • Energy

  • Food and beverage

  • Healthcare and life sciences
  • Status quo killer: Community Health Network

  • Hospitality

  • Insurance

  • Manufacturing

  • Not-for-profit and higher education
  • State of higher education in 2020
  • The State of the Not-for-Profit Sector in 2020
  • Status quo killer: Habitat for Humanity

  • Private equity

  • Real estate and construction

  • Retail and consumer products

  • Professional services

  • Technology, media, entertainment, and telecommunications

  • Transportation, logistics, wholesale, and distribution

  • Careers
  • Students
  • Early career
  • Experienced professionals
  • Jobs Search
  • Our culture
  • Rewards and benefits
  • Corporate Social Responsibility
  • Diversity and inclusion
  • Our stories

  • Offices
  • People
  • About Grant Thornton
  • History of Grant Thornton
  • Diversity and inclusion
  • Environmental policy
  • 2019 Sustainability Report: Go Forward
  • Code of conduct
  • Investments & acquisitions

  • 2019 Annual Report

  • Welcome to Status Go →
  • Golf. This is your Game.
  • THE PLAYERS Championship

  • Purple Paladins
  • Invisible Hands Deliver
  • Pal Experiences
  • Sneakers for Soldiers
  • Coming up Rosies

  • Algeria
  • Botswana
  • Congo
  • Cote d'Ivoire
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Mauritius
  • Morocco
  • Mozambique
  • Namibia
  • Nigeria
  • Rwanda
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Antigua, St. Kitts, Nevis
  • Argentina
  • Bahamas
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada
  • Canada-Quebec
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Guatemala
  • Haiti
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St. Lucia
  • Trinidad and Tobago
  • Uruguay
  • Venezuela
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macedonia
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • United Kingdom
  • Uzbekistan
  • Bahrain
  • Israel
  • Kuwait
  • Lebanon
  • Oman
  • Qatar
  • Saudi Arabia
  • UAE
  • Yemen
  • Contact-Us
  • Close

    New technologies revamp the finance function

    In 2018, technology is top of mind for CFOs. New technologies offer new opportunities, but also new risks. CFOs have to find a comfortable pace of technology investment and adoption. Get a few tips based on our research report.

    Download cloud - purple

    New technologies revamp the finance function

    View/download

    Careers

    Help us prepare CFOs for what's next.

    What’s in the report?
    According to our latest CFO research study, more than two-thirds (69%) of CFOs are increasing investments in digital transformation to keep their competitive edge in the marketplace.

    Three key takeaways:
  • Investments focus on improving operational performance and reducing costs, as well as on customer experience, competitive differentiation and innovation for new products.
  • Process automation currently focuses on the day-to-day operational efficiency — AP/AR financial reporting and control, treasury and working capital management — but will shift to strategy, analysis and growth prediction in the future.
  • Adoption of new technologies is growing, with advanced analytics and optical character recognition (OCR) leading the way.
  • “CFOs and CIOs need to lock arms for growth and competitive advantage.”

    CFO key insights

    Research says current and future CFOs will have to be technology-savvy and attuned to using data analytics to their enterprise’s advantage. The data points below show why.
    2018 CFO Survey data points

    CFOs need tech fluency as RPA picks up speed

    CFOs must be well-versed in automation technologies to effectively work with CIOs in assessment, prioritization and building organizational innovation.

    Operate to innovate: Focus on digital change

    It’s time to think big, be willing to fail fast and invest in digital transformation. Explore how emerging technologies are changing the way today’s organizations operate.

    Digital transformation thrives with hybrid CFOs

    The hybrid CFO is here. As CFOs take on a strategic role in guiding digital transformation strategies, they will increasingly need to embrace and master new skill sets in emerging technologies and data analytics.