Digital technology is changing the way finance functions operate across the world, creating the need for a more agile, strategically capable workforce. Yet underinvestment in people and skills means many finance professionals are ill-equipped to face a digital future.
Are we focusing on technology at the expense of the people who power it?
New joint research from the Association of International Certified Professional Accountants and KPMG International set out to find an answer to this important question, speaking to 678 senior finance and HR professionals from 44 countries. Of these, 73% were from private sector organisations and 27% from the public and third sectors.
The report finds that while human factors are critical success criteria for finance transformation, all too often the lion’s share of time and investment is spent on technology and implementation rather than people. To achieve their transformation goals, organisations must invest in their people, addressing the digital skills gap, embracing lifelong learning and instilling a growth mindset in preparation for a new, and as yet undefined, future.
Key findings from the Finance transformation: the human perspective report. Download the executive summary.