Organisations continue to face rapid change in the face of Covid-19, climate change and technological innovations – and a new report urges the finance functions who work in these places to lead and embrace this change, or risk being left behind.

In Transformational journeys: finance and the agile organisation ACCA, CA ANZ and Generation CFO assert that the role of the finance function and its skill sets are intricately linked to organisational transformation.

But they also warn that certainty about the purpose of finance and accountancy professionals in organisations is needed to ensure their future relevance. How the finance team aligns to organisational goals is vital to ensure they continue to contribute effectively to the transformation of where they work – whether large or small.

Finance teams’ roles are becoming wider in scope, managing operational, climate and non-financial data, and delivering insights based on robust data analytics collected by efficient and effective processes. As such, they need to be at the heart of transformation as key players in an organisation’s performance and control agendas.

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