When finance leaders set out a vison, secure backing, recruit the ideal people, map out the optimal processes, design a logical operating model, and implement the smartest technology, it can be truly transformational. Successful finance transformation leads to cost reduction, process excellence, and flawless service.
However, despite all of the best practice shared across shared services, 7 out of 10 finance transformation programs fail to bear their intended deliverables*. All too often we see organizations invest in technology to solve an issue, and express surprise when the project fails.
We want to see finance teams thrive. We are working on a report with Tradeshift to better understand what makes finance automation and transformations successful and what makes them fail.
*Deloitte 2020 Digital Transformation Are people still our greatest asset?
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