Digital transformation

The modern finance function requires
digital transformation to drive strategy
with dependable insights.

Financial data is key not just for the modern finance function, but also for other vital business functions such as the C-Suite, HR, procurement, and more. Financial teams need digital tools not just to revolutionize their processes but to lead strategy across business functions.

Over the years, outdated tools such as Excel have elongated data consolidation processes, fatigued teams, and obscured data analysis. Financial teams must steer the organization with strategic financial insights that inform corporate strategy, which is now becoming hugely necessary in today’s constantly changing markets.

AI will particularly help with the global talent shortage in financial teams but is also a useful tool to optimize financial processes and ensure accuracy. As many organizations digitally transform and adopt AI automation, many financial departments will struggle to keep up without this capability.

But the Cloud offers more than just automation capabilities, a common data model allows a succinct flow of data to multiple business functions and ensures integrated data is accessible to all, security concerns can be resolved with Cloud data security, updates and patches are quick, and the Cloud enables remote working to be simple.

A common Cloud data model also means that an ERP system can be extensive – Financial teams can integrate their processes with a banking application, CRM, and other third-party applications, meaning data can be retrieved easily. This also breeds agility by empowering financial teams to easily create new processes as needed.

When finances are integrated into a Cloud ERP suite finance teams can also benefit from improved HR services. HR leaders can address poor engagement, gather data on the employee experience, and help build talent strategies that retain financial talent, ensuring an organization can focus on building their most important asset – people.

Embark on your Cloud-centric finance journey
with Unit4 – Your Partner in Excellence

To embark on this transformative journey, explore Unit4’s financial and accounting management software and FP&A solutions, seamlessly tailored to amplify your finance excellence.

Unit4 can help you access the digital capabilities the office of the CFO needs to enhance business partnerships and service delivery:

Reduce manual effort by better connecting operational and financial data as a single source of truth, to guide strategic direction
Respond with agility to this accelerated pace of change, while finding opportunities for expansion and value creation
Leverage enterprise-wide intelligence to better inform finance and people decision-making, transforming the Office of the CFO from a financial control function into a trusted advisor
Identify objectives and track key results
Plan for profitable growth in unpredictable times
Ensure compliance and governance
Lower costs while increasing source-to-contract transparency

Start your journey to Unit4 cloud today