As technology continues to advance, finance is no exception. Innovative solutions such as self-service, finance cycles, and enterprise resource planning (ERP) are expected to have a significant impact on the industry. While these technologies hold great promise for change, their implementation is not without concerns and skepticism.
Finance leaders must weigh the potential benefits of these technologies against their limitations, return on investment, and ethical considerations such as equity and bias issues, plagiarism, intellectual property theft, and socioeconomic challenges. Failure to address these concerns could result in inertia and missed opportunities for growth.
To help organizations navigate this rapidly changing landscape, we have developed a practical guide that provides insights into what to know, what to be wary of, and where to focus attention. This guide may differ from the traditional areas of focus for finance leaders, but it is essential for staying ahead of the curve and ensuring success in a world where technology is driving change.
