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COUNCIL VIEWS

Pivot Point: The Digital Transformation of Finance

Two factors are upending the finance function and driving its digital transformation: first, disruption in markets by new (start-up) firms have changed the dynamics of competition and second, digital technologies have advanced rapidly. Questions about technology have tended to be discussed in the abstract: Can we automate transactional activities across finance to reduce costs? How can we better predict future capital flows to aid working capital efficiency? These applications of technology are now a reality. 

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AUTHOR

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Chris Gentle

Director of Insights
The Conference Board

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