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Future of the finance function

Transformation within the finance function has been accelerated over the past couple of years. How is the role of the finance function changing? What technology is facilitating that change? And what skills are most in demand?

Latest articles

Article
Three office buildings seen from below 04 Apr 2022
Should accountants worry about cryptocurrencies?

Cryptocurrencies are on the rise – but are they friends or foes for accountants? We present complementary views from business and scholarly perspectives.

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Article
Three business people in conversation at a table with papers 01 Apr 2022
How must SME finance chiefs approach technology transformation?

Digital transformation can provide SME finance functions with a powerful edge – but how should firms execute this critical process? We spoke to ICAEW Southern President Ashley Milne to find out.

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Article
People discussing graphs on a laptop screen, with papers and a calculator around them 29 Mar 2022
What do CEOs want from the finance function?

Chief executives want to see their Chief Financial Officers supporting their decision making, as business heads explain to ICAEW Insights.

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Article
A person working at a desk with a laptop and monitor 25 Mar 2022
Ukraine crisis: the supply chain impacts

The conflict in Ukraine has created a number of challenges for manufacturers, from rising prices and availability of raw materials to keeping abreast of the latest sanctions.

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Article
A group of people round a table with laptops, tablets and papers showing graphs 25 Mar 2022
Digital skills for digital finance

Audit and management accountancy in the finance function require a constantly evolving set of skills to add value to their clients and to their employers.

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Article
Someone at a desk with monitors showing graphs 24 Mar 2022
Managing stress in times of change

Change can be both positive and negative but as we exit COVID-19 restrictions, the thought of more upheaval in the workplace can be unsettling for even the most stoic of employees.

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Article
Two people working at a desk with a laptop, a calculator and papers showing graphs 21 Mar 2022
Connecting a multinational finance team

By 2025 the amount of data available globally is expected to reach 175 zettabytes. For finance teams in multinational organisations it’s a blessing or a curse depending on where they are on their digital transformation journey.

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Article
Someone presenting graphs on a screen 14 Mar 2022
How digitalisation can take the pain out of reporting

The labours of month and year-end reporting can be reduced with a few simple digital steps, leaving accountants free to take on more analytical tasks.

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Article
Someone holding a tablet showing graphs 11 Mar 2022
The possibilities and limitations of machine learning

Machine learning is gaining traction for routine tasks in finance, but requires oversight for more nuanced work.

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Article
A person working at a desk with a laptop, notebook and papers showing graphs 09 Mar 2022
Why business transformation projects fail

Even with the most experienced leaders at the helm, businesses without a clear strategy, robust processes and a core personnel that is willing to change will face pitfalls in their transformation.

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Article
A person working at a desk with two laptops and a monitor 07 Mar 2022
The new technology reshaping the finance function

Technological innovations are driving the most profound change in finance functions in modern history, revolutionising every aspect of the traditional finance division.

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Article
People discussing papers laid out on a table showing graphs 04 Mar 2022
The finance function post-COVID

The pandemic gave CFOs confidence in their ability to work in more geographically diverse and virtual ways, which will bring permanent and much-welcomed change to the finance function.

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Article
People round a table with a tablet showing a graph, notebooks and a phone. 28 Feb 2022
AML: how money launderers use virtual assets

In the seventh instalment of Anti-Money Laundering: The Basics, IFAC and ICAEW look at the risks associated with virtual assets.

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Article
A person working at a desk with a laptop showing graphs 21 Feb 2022
Robotic process automation: a vision of the future

It’s a hot topic in finance right now. Rob Binns, CFO at Access Group, discusses why accountants should embrace, not fear, the acceleration of digital transformation.

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