Services for Organizations

Using our research, best practices and expertise, we help you understand how to optimize your business processes using applications, information and technology. We provide advisory, education, and assessment services to rapidly identify and prioritize areas for improvement and perform vendor selection

Consulting & Strategy Sessions

Ventana On Demand

    Services for Investment Firms

    We provide guidance using our market research and expertise to significantly improve your marketing, sales and product efforts. We offer a portfolio of advisory, research, thought leadership and digital education services to help optimize market strategy, planning and execution.

    Consulting & Strategy Sessions

    Ventana On Demand

      Services for Technology Vendors

      We provide guidance using our market research and expertise to significantly improve your marketing, sales and product efforts. We offer a portfolio of advisory, research, thought leadership and digital education services to help optimize market strategy, planning and execution.

      Analyst Relations

      Demand Generation

      Product Marketing

      Market Coverage

      Request a Briefing


        Research Perspective

        To keep reading or download the pdf

        Fill out the Form

         

        Read Time:

        7 min.

         

        Font Size:

         

        Font Weight:

        Bottom-Line Impact - How the Modern CFO Leverages Sourcing and Procurement:

        Transform an Essential Function for the 21st Century

        The Transformation to Digital Finance

        Digital finance transformation is a way to improve the performance of the finance department by using digital technologies to integrate and automate business processes. Improving performance isn’t just about efficiency and cost savings, though. “Improving” can mean lowering risk, achieving greater visibility into opportunities, shortening process cycles and completing core processes sooner as well as increasing the potential to attract and retain the best employees. All these improvements translate into a finance organization that is far better able to have a strategic partnership with the rest of the corporation. Our Office of Finance benchmark research finds that nine out of 10 organizations say their finance organization should play a more strategic role in their company.

        Digital transformation means shifting more of the work the department does manually using emailed spreadsheets to software and systems. A practical approach to the transformation process is to undertake the change in a series of initiatives rather than a single big-step over¬haul. This approach is preferred because there’s usually limited staff time available for a singular focus on transformation.

        Moreover, a step-by-step approach enables departments to gather success metrics and apply lessons learned so they can better manage the transformation project. In determining the order of transformation projects, executives should prioritize those that will deliver a high payoff with limited risk. Sourcing and procurement is a good place to start.

         

         
         

        Fill out the form to continue reading