This report considers six technologies, some more advanced than others, that can benefit the finance function. The technologies represent those that:
- enable enhanced finance processes – cloud, analytics and robotic process automation technologies;
- support the communication of information both internally and externally – social technologies
- provide protection for information assets – cyber technologies, and
- look to the future while building upon existing technologies – artificial intelligence.
This report has drawn on the experiences of over 50 finance and industry experts to evaluate the trends and demystify these technologies. Each of the interviewees has experience in one or more of these areas, from the perspective of either working with the technologies or advising others.
ACCA has drawn on their lessons learned and this report provides insights into the developmental roadmap, explaining the steps that the finance team needs to take.
The report considers each of the technologies and provides perspectives on relevant considerations.