Digitising Finance

PwC’s Vishy Narayanan and Macquarie Group’s Lisa Fraser  highlighted  key aspects for a successful digitisation journey from being clear on the outcomes required to achieve success, the importance of preparing the business to adapt to new ways of working, sharing quick wins to keep up momentum and ensuring adequate governance and risk controls are in place throughout the process. Vishy Narayanan, PwC’s Chief Digital and Information Officer, shared PwC’s digital journey and Lisa Fraser, senior Finance Executive at Macquarie Group shared her insights. You can view the webcast below.

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When it comes to digitisation, finance is ideally placed to lead by example. Instead of waiting for others to disrupt your workflow, now’s the time to forge ahead to transform your finance function by embracing new technologies, leveraging data and embedding new ways of working. Read this piece by Vishy and Sam Lobley on the 5 leadership takeaways for digitising finance functions. 

The key to successful finance transformations need strong employee engagement, clear leadership and buy-in across the executive. The finance transformation journey is different for each organisation and there isn’t one approach and there isn’t a wrong place to start. The panel comprised  Matt Young, CFO, Treasury Wine Estates and  Sushma Segal, Group Finance COO, QBE and Mathea Beck, PwC Finance Transformation. 

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Finance transformation will vary depending on the size and complexity of the organisation involved, but the key components of all projects will be performance, process and people. The skill for finance leaders is to get the balance right. We might flex the emphasis in one or two components, depending on the organisation or the stage of the transformation. But all three require attention for a finance function to succeed in this new era of continual change. Read this piece by Mathea Beck and Sam Lobley on the 3 essential pillars for every finance transformation.

This session focused on emerging skill gaps and reskilling the finance team of the future. Learning is an ecosystem, organisations need to voice the importance of reskilling and continuously evolve their strategy and infrastructure. Helen Souness, CEO, RMIT Online and Ryan Hansen, Executive Director - Financial Controlling, Reporting and Finance Innovation, CSL were part of the panel to discuss how the world of learning and education is changing to meet these challenges. 

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When leaders plan to start on their journey to transform their finance functions, much attention is placed on processes and performance. These two elements are important to the way finance contributes to strategy, innovation and productivity, but an equally important element is people. Read this piece by Sam Lobley  on how your finance transformation can flourish when you prioritise people’s growth. 

Watch the fourth of our ‘Future of the Profession’ webcast series, a collaboration between the G100 and PwC.

Kate Koch, CFO of SEEK, Rich Walker, General Manager Finance - Operations, Supply Chain & Group Transformation, Coles and  Lawrence Goldstone, Future of Work Lead at PwC discuss how their organisations are transforming and evolving their workforces for the future.

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While COVID-19 has shaken what we thought we knew about the future of work, it’s not the only driver of change: emerging technologies, changing demographics and global megatrends are also modifying how, where and when we work – which in turn affect how we interact with businesses, brands and employees. Learn more in this article by Sam Lobley and Lawrence Goldstone.

Watch the fifth of our 'Future of the Profession; webcast series, a collaboration between the G100 and PwC.
Our panel Marcus Oskarsson, Senior Vice President, Investments - Private Equity at Brookfield Asset Management, Stuart Hooper, CFO, Ventia, Amanda Sellars Group CFO, Asahi Beverages and Clara Cutajar, Deals Partner at PwC, tackle key topics including M&A trends to watch out for in 2022, lessons learnt in the journey to IPO and what CFOs need to know to ensure value creation.

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Last year was a record-breaker for deal making on a global scale, when deal values exceeded US$5 trillion for the first time. And yet in 2022 there’s still a significant amount of dry powder in the market, and competition levels remain sky-high for investments.
What, then, do CFOs and finance leaders need to know in order to navigate the next 12 months?
Learn more in this article by Clara Cutajar and Chris Dodd.