Priorities and Predictions for the

Digital CFO

CFOs Today Have

3 Priorities

1

Drive Sustained Growth and Profitability

2

Achieve Finance Excellence

3

Manage Regulatory Compliance

They Must Overcome

3 Challenges

Drag of Legacy Platforms

> Fragmented legacy systems
> Lack of digital tools
> Poor data quality
> Lack of IT roadmap alignment

Talent Gap

> 80%+ FTEs focused on transactional activities
> Insufficient analytics, controls, systems or finance talent
> Poor data quality
> Lack of skills for managing change, relationships and projects

Complex, Inconsistent and Broken Processes

> Inconsistent policies and controls
> Ineffective front- and middle-office integration
> Increasing complexity

To Achieve

4 Outcomes

Accounting Becomes Automated and Straight-through

> ERP systems augmented
by cloud and mobile technologies
> RPA and AI simplifies processes and eliminates exceptions
> Real-time accounting with less need for reconciliation

Human x Digital:
from Managing Processes to Managing Outcomes

> Competition for analytics talent and data scientists
> Need for finance to improve “soft skills,” such as relationship management
> More responsiveness, agile and aligned finance function

Contextualized Financial
Data is Key

> Better data with greater business context, benchmarking and prediction
> Self-service analytics and data visualization for real-time “single source” of truth
>Analysis and insight generation

A Greater Focus
on Customer Experience

> Design thinking creates agile, customer-focused processes
> Embedded analytics and proactive monitoring for early warning indicators
> Multi-channel communi-cation and analytics to identify issues, concerns and trends

EXL Helps Clients on Their

Digital Transformation Journey

Best of Breed

Digital Technology Partnerships

Aggressively

Builds Digital Capabilities

Strong Capabilities

For Data Governance and ERP Optimization

Re-skilling

Employees for Business Partnering and Specialist Roles Within Finance

Design Thinking

Techniques Jointly Reimagine Future Processes

Embedding

Analytics Throughout F&A Delivery

Executing

Digital Strategies for Clients