The document discusses how digital transformation for finance functions does not have to compromise security. While 88% of businesses worry their current security is insufficient, digitization can actually enhance security when done properly. It recommends putting security at the heart of digital transformation plans by understanding sensitive data, implementing access controls and encryption, and educating users on security best practices. With these precautions, companies can reduce risks from digitization while gaining its benefits like improved processes and data-driven insights.

1. Digital Transformation
and Security for the
Modern Business
Part 1 – Finance
Digital transformation doesn’t have to mean
compromising finance security: the shift to digital can
actually reduce the threat to your business
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2. EY’s 2015 Global Information Security
Survey warned that
of businesses worry that the security
they have put in place does not fully
meet their needs.
88%
Source: http://www.ey.com/GL/en/Services/Advisory/ey-global-information-security-
survey-2015-1
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3. Is the fear of security a
barrier to the enormous
opportunities of digital
transformation for
finance functions?
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4. Process automation improves
efficiency, reduces error and frees up
staff for more productive work.
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5. With data analytics and
improved visibility of
end-to-end processes,
forward-thinking finance
leaders can now fine-tune
their operating models and
work more collaboratively
with both internal and
external stakeholders.
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6. But the fear of security breaches is
casting a shadow over these benefits.
Research from PwC shows that
of companies are more worried about
cybersecurity threats today than they
were a year ago.
Source: http://www.pwc.com/us/en/increasing-it-effectiveness/cybersecurity.html
76%
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7. Digitisation gives businesses
the means to control data
access much more tightly.
Using permissions and
management rights,
businesses can restrict access
appropriately. An audit trail
helps to track and monitor
business activities across
the enterprise.
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8. Digital technologies also
incorporate security
solutions covering
the entire business
and its document
infrastructure.
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9. These solutions require user and
device authentication, firewalls and
other forms of protection to guard
against malicious attackers.
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10. Data can be encrypted
so that even if a breach
does occur, the
information stolen
will not leave the
business exposed.
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11. The best way to secure sensitive data is to
do the basics well (like blocking and tackling
in football). Understand what is sensitive in
your data, set rules for handling it, implement
technical controls to ensure it is actually
handled properly, and educate your users
about their role in keeping it safe.
Jonathan Gossels, President, SystemExperts
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12. Smart companies are putting
security issues front and
central as they plan their
digital transformation,
building data security
and risk management
policies in advance, and
communicating best
practice to all users.
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13. Third parties such as
Managed Print Service
(MPS) providers will deliver
important support, in
critical areas such as
document security
policies, to manage the
risks of digitisation and
process automation.
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14. In a survey by market
research analyst Quocirca,
of companies said security
was an important driver for
their move to MPS.
75%
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15. Digital transformation does
not have to compromise
finance security.
By putting security at
the heart of your digital
transformation strategy you
can actually reduce risk.
Put security at the heart of
your plans for digitisation.
Key Takeaways
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16. DOWNLOAD YOUR FREE EGUIDE NOW
Explore the benefits that digital data brings
to today’s CFO. Download:
Business Leadership Powered
by Big Data – A Guide for
Finance Leaders
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