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Modern Finance in the Digital Age

20 June 2016 by Oracle Modern Finance

Gartner calls them the "Nexus of Forces". IDC says they constitute the "3rd Platform" for innovation and growth. No matter how you define it, cloud, social, mobile, and big data are changing the competitive dynamics of the global economy, and creating significant value for companies that know how to create business models leveraging these technologies.

This whitepaper by Financial Executives Research Foundation (FERF) is a summary of a major study that identifies the new best practices of modern finance organisations in five key processes critical to any finance function:

  • Report and Comply
  • Measure and Respond
  • Plan and Predict
  • Procure to Pay
  • Project Financial
  • Management

The research also examines how modern CFOs are adopting new best practices in change management and new ways to measure return on investment (ROI) in digital technologies to modernise the finance function.

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