Finance Technology Transformation

How can the finance department leverage technological change? A deep understanding of current structures and the possibilities of new technologies lays the foundation for efficiency and data-driven decision-making.

Overview

Digitalization and technological change pose significant challenges for the finance organization. The ability to use data efficiently, identify risks early, and automate processes in a targeted way is evolving into a crucial competitive factor. Increasing regulatory requirements, growing data volumes, and technological developments demand strategic adjustments from finance departments to remain resilient and flexible in the long term.

FTI-Andersch supports you with in-depth analyses and tailored strategies to optimize your finance IT landscape. Our consulting approach provides clear action recommendations and creates a solid foundation for future steps always aligned with the specific requirements of your organization and focused on sustainable value creation.

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Finance Technology Transformation

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What exactly does Finance Technology Transformation mean?

Finance Technology Transformation encompasses the full spectrum within finance from the evaluation of existing processes, technologies, and the organization to successful implementation. This involves not only optimizing and automating processes but also optimally preparing companies for complex phases such as realignments, mergers, or spin-offs. This transformation facilitates agile responses to change digital solutions and achieves sustainable improvements in the finance function.

How do IT and turnaround fit together?

IT plays a pivotal role in the turnaround process, particularly in finance. The assessment of the IT organization and cybersecurity is not only mandated by external stakeholders like financiers but is also crucial for the stability of the finance function. Especially in crisis situations, technological solutions hold significant potential to enhance process efficiency, reduce costs, and optimize resources through automation. In addition, reliable (financial) data is essential to make informed decisions about the company's future direction.

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