The Digital Finance
Transformation Talent Guide
Successful digital finance transformations hinge on having the right people in place at every stage of the journey — assembling an expert team should be a priority for results-driven Finance and IT leaders.
Expertise drives results
The number 1 challenge is finding talent
44%
of organisations say expertise and skills gap are the top barriers to success.
Specialist talent and experience are critical to delivery.
6 key digital finance transformation skills
Leadership across Finance & IT
CFO and CIO working in unison can bridge transformation knowledge gaps with powerful partnership that delivers better outcome through shared experiences.
Highly skilled Finance/IT hybrid professionals are valuable when it comes to tranformation.
Communication
Lack of executive buy-in when budgeting, or misaligned budget expectations, are major roadblocks for transformative investment.
Good communicators educate boards and the wider company on the necessity for change, boosting decision-making across teams and departments.
Digital literacy
Leaders need a comprehensive understanding of Finance Systems and the ability to evaluate new tools.
In-demand skills include: data analytics, cloud computing, cyber security and automation (AI, data science, machine learning, robotics).
Financial literacy
Accounting credentials and financial literacy are just as important as digital know-how.
Finance and IT hybrid specialists are primed to lead change and run transformed finanace offices.
Strategic thinking
Professionals who have a far-sighted understanding of the organisation’s goals, cross-functional capabilities and problem solving skills can drive success.
Digital finance transformation reduced one major company’s overall general and administrative costs from 9.8% to 6.4% of revenue, leading to more than $1.5bn in annual savings in one year.
Commitment to people
3x
Training is key—spending less than 13% of your ERP budget on training means you’re three times more likely to fail than if you spend 17% more.
£7,400 per person
is the average cost of a new ERP system implementation.
Transformation demands new roles
Digital finanace transformation have bought new titles and responsibilities to the finance office, with these being the critical roles a CFO should be recruiting for.
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Program/Project manager
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Finance systems manager
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Enterprise & solutions architect
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Functional consultant
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Lead transformation manager
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Lead data analyst
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Finance business analyst
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Business intelligence consultant
Get in touch
To find the right talent for every step of your transformation journey and beyond, get in touch with us today.