Across industries, leading CFOs are leveraging new and powerful technology platforms to drive transactional change and efficiencies and support what we call the “Intelligent Enterprise.” Namely an organization capable of delivering great value under the most dynamic and demanding market circumstances.
Platforms play an important role in any transformation, but a modern operating architecture is necessary to make the right investment decisions and deliver the desired goals. The foundation for such an architecture rests on 3 building blocks:
- Systems of reference – Core enterprise resource planning (ERP) and processes focused on simplification and standardization to make it easier for core apps to access and use data.
- Systems of intelligence – These are systems that fuel innovation, including technology levers such as artificial intelligence, machine learning and the Internet of Things (IoT).
- Systems of differentiation – Connected applications that focus on specific areas of differentiation and that address complexity using a flexible tech architecture to support changing customer demands.
As enterprises embark on their digital transformation and to build momentum to keep the transformation on course, CFOs need a clear vision and focused strategy.