Digital Technologies Like Automation, Analytics and Blockchain Are a Game-Changer for CFOs

According to a new report from Information Services Group (ISG), the digital revolution is rapidly transforming the finance and accounting functions. The report finds that enterprises are embracing new technologies as cloud, automation, analytics and blockchain to gain real-time – and predictive – insights into business performance and to streamline work. ISG sees blockchain as a "game-changer," with significant application in finance. While still in its nascent stages, providers are investing heavily in the blockchain, ISG notes, identifying IBM as a "big player" and noting other providers, such as Wipro, making significant investments in the distributed-ledger technology. The newly published ISG Provider Lens FAO Digital Outsourcing Services Archetype Report reveals the speed and flexibility required by today's agile business models are prompting CFOs to seek expert advice, support, and technology platforms from outside the organization as they rethink traditional finance and accounting processes within the framework of the entire business.