| |December 20189CIOReviewDigitization will have a major impact on finance processes and finance professionals, as well. Now is the time for CFOs to step up and play a major role in guiding their company through the digitization journey gration and integrity, thereby solving the issue of too many data sources. Technology supporting the budg-etary process should also enable flexible analysis (line-item detail, what-if analysis, ongoing adjustments, and on-the-fly analysis).Absorption of new generation employees is making organisations rethink how work is done. With the evo-lution of big data, business leaders have been provided with access to more information than ever before, and globalization has opened new opportunities as well as new risks for businesses. These have not just changed the way businesses are carried out but also the role of finance.Over the period, finance leaders have transformed themselves into a multi-tasker; their responsibilities have evolved from business strategy to operations to IT risk management. The role of finance now involves all areas of business. It's exciting to watch CFOs step into bigger, more prominent roles. This new crop of leaders isn't afraid to take chances and push their companies into the future. They understand the big picture, and the hard facts to back up their recommendations. As their role evolves, CFOs are helping to actively forge the organization's path to success.Advances in disruptive technology will transform life, business, and the global economy. Digitization will have a major impact on finance processes and finance profes-sionals, as well. Now is the time for CFOs to step up and play a major role in guiding their company through the digitization journey. An important initial step will be setting up a digital agenda and roadmap. In short: The modern CFO is here to stay. Are you ready?
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