The document discusses the transition to digital finance and the implications for finance organizations and CFOs. New business imperatives are driving simplification, digitization, globalization, and integration. Finance is moving from traditional budgeting and reporting to a value-centric digital finance model powered by analytics, predictive capabilities, and a focus on insights over data collection. This requires finance to become an insight engine for the business with analytic competency centers and integrated services. It will require new talent profiles including data scientists, anthropologists, psychologists, and philosophers. The roadmap involves defining a new value proposition, developing a vision, determining core capabilities, getting the right people, and creating integrated service offerings to transition to the digital finance model of 2020.

1. DIGITAL FINANCE
LIBERATION FROM THE TYRANNY OF THE SPREADSHEET
Lee Naik - Managing Director, Accenture Digital
@naikl
linkedin.com/in/naikl

2. Copyright © 2016 Accenture All rights reserved. 2
NEW BUSINESS IMPERATIVES ARE EMERGING
SIMPLIFICATIONECONOMICS DIGITISATION GLOBALISATION INTEGRATION

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SO
WHAT DOES
IT MEAN FOR
FINANCE AND
THE CFO?

4. 4
THE MOVE TO VALUE-CENTRIC DIGITAL FINANCE
Financial Planning &
Budgeting
Corporate Performance
Management
Enterprise Performance
Management
Digital Finance
Digitally
Powered
• BUDGETS
• FORECASTS
• ACTIVITY BASED
• KPI’S
• BUDGETS
• FORECASTS
• ACTIVITY BASED
• KPI’S
• DRIVER-BASED
FORECASTING
• SCENARIO &
CONTINGENCY
PLANNING
• INTEGRATED EPM
• ANALYTICS
• PREDICTIVE
• VALUE-CENTRIC
1950 – 1990 1990 – 2000 2000 - Today Finance 2020

5. REQUIRING A NEW OPERATING MODEL
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<DIGITAL
<ELEVATES
FINANCE
INSIGHT ENGINE FOR THE
BUSINESS, COMPRISED OF
THREE ESSENTIAL ELEMENTS
Analytic
competency
centers
Integrated business services
Communications
and control center

6. Copyright © 2016 Accenture All rights reserved. 6Copyright © 2016 Accenture All rights reserved. 6
Tuesday
Wednesday
Thursday
Friday
Monday Data
Collection
Data
Collection
Maintaining
Spreadsheets
Maintaining
Spreadsheets &
Developing Reports
Developing Reports,
Performing Reports &
Other Activities
Data Collection &
Performing Analysis
Performing Analysis
Interacting with
Decision Makers
Personal Development,
Strategic Initiatives &
Other Activities
Interacting with
Decision Makers
ENABLING OUR LIBERATION

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A NEW TALENT PROFILE WILL BE REQUIRED
Copyright © 2016 Accenture All rights reserved. 7
DATA SCIENTIST ANTHROPOLOGIST
PSYCHOLOGIST
QUANTITATIVE MATHEMATICIAN
ENGINEER
PHILOSOPHER
FINANCE 2020

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Calendar-based
Exhaustive
Targets
Backward looking
Budget
Variance analysis
Paper/spreadsheet format
Accounting-centric
Event triggered
Exception-based
Scenarios
Forward looking
Forecast
Decision analysis
Multi-channel/mobile
Decision-centric
Results Drivers
From Traditional … … to Digital Finance
FINANCE 2020 WILL DEFINITELY BE DIFFERENT

9. Create integrated
service offerings
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THE ROAD TO FINANCE 2020
Copyright © 2016 Accenture All rights reserved. 9
Define your finance
organization’s value
proposition Develop your vision
Determine the core
capabilities you need
Get the right people in
the right place
1
2
4
3
5

10. THANK YOU
Lee Naik - Managing Director, Accenture Digital
@naikl
lee.naik@accenture.com
linkedin.com/in/naikl