It’s no secret that the Finance and Accounting field is being transformed by technology. In a study from EY (formerly Ernst & Young), 58 percent of Finance leaders are focused on combing leading-edge technologies with process improvement. Furthermore, where organizations once relied on their IT leaders to drive these changes, CFOs are now reporting their increased involvement in the decision-making and adoption of these new technologies. According to EY, there are a number of technologies that significantly impact hiring in the Finance function.
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As the developed world continues to thrive on technological innovation, nearly every industry is becoming further entrenched in the digital age. Even traditional fields such as Finance and Accounting are not immune to change, with advances in AI and big data altering decades-old processes. With 69% of CFOs believing digitalization will fundamentally change the Finance leader role, the future of Finance and Accounting is set to see the biggest changes since the invention of the computer.
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