Where are you on that progression? The Finance 2020 organization will be the go-to source for decision support, delivering analytic insight to drive strategy across economic, market, competitor and customer perspectives. Five thousand years later, technology has evolved into a new class of digital tools reshaping every aspect of the business. EVP, Head of Enterprise Innovation and Strategic Business Architecture, Doug Nielson For decades, changes in Financial Accounting have been measured, slow and only after considerable thought and reflection by numerous parties. Find out what different competencies and mindsets employers will expect from professionally qualified management accountants in the digital world. The Digital Future of Finance The digital business needs a very different finance function As the transition to digital business models continues, dramatic adjustments in how finance guides executives to make profitable growth decisions are urgently required. The Digital Finance Outreach 2020 is an initiative launched by the European Union to better understand, … We use cookies and similar technologies to recognize your visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. Webinar: The future of (digital) finance Digital technology is transforming the way we do finance. Meet and network with the brightest minds from big You can then update your LinkedIn sign-in connection through the Edit Profile section. The financial industry has, perhaps, been one of the areas most impacted by the digital revolution. Ten years ago KPMG in the UK made a series of predictions on the future of finance in 2010. Now, however, the combination of historical, internal and often unaccounted-for external data sources—e.g., market reports, weather, geo-political events, etc.—can produce a far more accurate financial plan than anything based entirely on human intuition. These new jobs created by digital technologies will undoubtedly require different skill sets. The Agile Future of Digital Finance in Europe. “The topics were interesting and speakers and materials were of very high quality. The future of the finance sector is digital, and digital financial business has to be informed of real-time conditions to predict and work on opportunity and threat at the moment. The pace of change is only getting faster. Look comprehensively at data, technology, talent and culture. Doing so may result in your credit card being charged more than once. Please click submit payment only once, and do not refresh this page. NOT JUST A STREAM - AN ONLINE EVENT WITH NETWORKING The event is built on the most advanced online event platform, where you can utilize smart matchmaking, discuss with all the other participants and speakers, arrange meetings and calls, and visit virtual exhibitor booths. Future Digital Finance Virtual Event | January 2021. Digital Finance takes a thoughtful look at how the industry is evolving, and it explains how to integrate concepts of digital finance into existing traditional finance platforms. FOREWORD. When Sumerian merchants first recorded livestock sales on clay tablets, finance technology was born. The barriers to entry to the digital finance world— a phone, electricity, literacy, numeracy, and cash—cannot be ignored. Are you stuck in the “established” category? Every year, we curate new experiences at the event to enhance relationships and spark innovation outside of the session room. When it comes to predicting operational and financial performance, use the insights from machines. Seventy-seven percent of CEOs agree that finance should set the agenda for the implementation and rollout of new technologies across the enterprise. Look at the series of growth curves in the figure. 144. Cut to the chase with our curated programming and get detailed actionable takeaways. They will look comprehensively at their digital strategy, identifying opportunities to move beyond the digital basics of RPA into true AI—cognitive computing and algorithm-based predictions and advisory services. This dramatically decreases the need for humans to perform time-consuming reconciliations, and the need for control testing largely goes away. Meet and network with the brightest minds from big banks, regional and community banks, commercial banks, credit unions and credit cards. “Digital transformation” has come to mean anything from eliminating manual, repetitive tasks like invoicing, payroll, data entry, and bank reconciliation, to making on-premise applications accessible remotely. Digital disruption is driving radical transformation of the finance function. On the other hand, more than half (53 percent) of CFOs worry that the finance function is too reactive. 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