CFOs Need to Drive Financial Digitization

By Cassie Doheny on Tue, Sep 04, 2018 @ 07:09 AM

 

‘Digital’ and ‘IT’ probably are not the first words that come to mind when you hear the word ‘finance.’ According to McKinsey&Company, though, they should be.

In the recent publication, “Memo to the CFO: Get in front of digital finance- or get left back, authors Kapil Chandra, Frank Plaschke, and Ishaan Seth outline the increasing need for digitization in finance as CEOs seek real-time data that can support business decisions. While Chandra, Plaschke, and Seth advise CFOs to hop on board the digital finance train, as they may miss out on significant business development opportunities otherwise, they also recognize that “the rapid arrival of innovative technologies plus a general shortage of top technology talent” prevents CFOs from driving full speed ahead.

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