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Innovation & Tech Fest Hub

Category Archives: Finance Industry Research

The State of Finance Innovation in 2017

Innovation & Tech Fest Hub Posted on May 4, 2017 by Diana CavillMay 4, 2017

Standing still is going backwards The digital era is presenting new challenges to Australian organisations through increased market competition and heightened customer expectations. Responding to these challenges requires more than just cosmetic changes on the outside – it can also mean fundamentally reshaping the internal functions upon which the organisation relies. Finance is no exception. The mounting pressure for organisations to be more responsive to market conditions is forcing a rethink of systems and processes within the finance function, and driving the adoption of new tools and technologies that accelerate outcomes and enable new contributions. At a personal level, finance leaders are having to rapidly build their digital competency to ensure their relevance in conversations regarding their organisation’s digital transformation. As trusted advisors to the CEO and board, a finance professional’s contribution will be greatly impacted by their understanding of the forces of digital transformation and the technologies and processes underpinning it. And at the same time, finance leaders must undertake this transformation without ever losing site of their key roles in governance and accountably. Of specific concern for the finance function is the rapid evolution of capabilities in data analytics, and the need to provide information to key decision makers more rapidly across a broader range of inputs. The ability for finance to assist in the collection and analysis of different data types will be a key determinant of success in the digital age, as organisations demand faster decision-making to exploit market opportunities and respond to emerging threats. But … Continue reading →

Posted in Finance Industry Research

Finance Innovation & Tech Fest Research Report 2017

Innovation & Tech Fest Hub Posted on April 6, 2017 by Diana CavillFebruary 6, 2019

We asked: What are the biggest challenges facing finance professionals when in integrating technology into their organisation’s strategy? We heard: insightful, unique answers to this question during roundtable discussion groups held recently across Australia. The 60+ Finance leaders who participated discussed the challenges and opportunities they are facing, sharing their stories of both struggle and success in integrating technology into their strategy. Download the full report, Financial Innovation & Tech Fest Research Report 2017, to find out how our finance community has rated the challenges and opportunities of technological innovation, and what you need to do to stay ahead of the game. Simply fill in the form at the bottom of this page. Research Snapshot: Research groups conducted in Melbourne and Sydney in August 2016 & March 2017 Discussion groups facilitated by a content expert to uncover pain points, challenges and ideas for improvement Over 60 Finance leaders participated in these groups which included a range of professionals: CFO Head of Finance Group Financial Controller Finance Systems Manager Head of Finance Transformation Group Finance Director General Manager Finance The following 8 themes emerged as being top priority: Transforming to Succeed Finance Digitalisation Transformation Harnessing Data to Create Competitive Advantage Creating a Business Culture that Embraces Change What Does the Finance Leader of Today Look Like Tomorrow? Detonate or Renovate – Integration, Implementing New Technology and Consolidating Systems Creating a Winning Team Through Training and Collaboration Building an Effective Business Case for Finance Technology Fill in the form below to download the research report: … Continue reading →

Posted in Finance Industry Research

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