Digital Transformation and Digital Disruption are on every C-level wish list. The CFO is a untapped resource in this fight -- and should help lead it.

1. WHY FINANCE
EXECS SHOULD BE
TRANSFORMATION
NINJAS
JOHN MANCINI, CHIEF EVANGELIST, AIIM
IT'S TIME FOR FINANCE TO BE MORE
THAN NUMBER COUNTING.

2. NEARLY 3 IN 4
ORGANIZATIONS HAVE
AN ACTIVE FINANCIAL
PROCESS
TRANSFORMATION
PROJECT UNDERWAY.
AMERICAN PRODUCTIVITY AND
QUALITY CENTER

3. BUT
PER ERNST & YOUNG,
ONLY 49% OF CFOS
BELIEVE THAT THEY
HAVE A MAJOR
CONTRIBUTION TO
MAKE AS
ORGANIZATIONS MAKE
THE SHIFT TO DIGITAL.

4. WHYare so many organizations looking hard at
financial process transformation?

5. 4 REASONS

6. #1 - THE WIDE
VARIATION IN THE
EFFECTIVENESS IN
FINANCIAL PROCESSES
PROVIDES A RICH
OPPORTUNITY FOR
COST SAVINGS.
Until recently, the cost of software to manage
accounting documents and automate how they
are processed was beyond the reach of all but the
largest organizations. They no longer are, but
there remain large variations in adoption, which
translate into significant differences in the
underlying cost structure of managing accounting
documents.
Source: APQC, Blueprint for Success and
Sustainable Process Transformation in Finance
and Accounting
Top performers
Bottom performers
$5.00
per invoice
$12.50
per invoice
46,667invoice line items
per FTE
181avg. items in chart
of accounts
21,232invoice line items
per FTE
727avg. items in chart
of accounts

7. #2 - MOST ORGANIZATIONS ARE
REACHING THE CONCLUSION
THAT OFFSHORING HELPS – BUT
DOES NOT RESOLVE – THE
FUNDAMENTAL COST
DISADVANTAGE CREATED BY
MANUAL PROCESSES.

8. #3 - MANUAL
FINANCIAL
PROCESSES AND
INFORMATION...
MOST COMPANIES ARE
LOSING AS MUCH AS 1%
OF SALES DUE TO POOR
PLANNING AND
DECISION MAKING.
WHY?
BUSINESS DECISION
MAKERS MISINTERPRET
OR DISCARD FINANCIAL
ANALYSIS.
...ULTIMATELY HAVE A NEGATIVE
IMPACT ON OTHER CORE PROCESSES.
SOURCE: APQC

9. #4 -
GUARANTEEING
THE SECURITY
AND PRIVACY OF
INFORMATION
AND THE
AUDITABILITY OF
FINANCIAL
PROCESSES IS AN
INCREASINGLY
IMPORTANT ROLE
FOR THE CFO.

10. CONCLUSION:
CEOS ARE
DEMANDING THAT
THEIR CFOS TAKE A
LEADERSHIP ROLE
IN TECHNOLOGY
STRATEGY AND
DIGITAL
TRANSFORMATION.

11. FIND OUT
MORE -
GET YOUR FREE
E-BOOK
HTTP://INFO.AIIM.ORG/4-FACTS-SAVVY-CFOS-MUST-KNOW-
ABOUT-BUSINESS-PROCESS-TRANSFORMATION