Disruption has become business-as-usual in many markets. As a result, business leaders must act decisively and quickly to compete effectively.
This creates an additional challenge for CFOs and finance teams, as they need to find solutions that enable their organisation to respond flexibly to disruption and innovate at will, without losing control of budgets and finances.
Don McLean, managing director at Fronde, said, “Finance teams face a delicate balancing act because freeing up funds for innovation has never been more important. However, CFOs can’t offer business development teams free rein to spend all the company’s resources on innovation. This puts pressure on finance teams to navigate complex issues around managing disruptive change.”
Fronde has identified three ways finance teams can navigate disruptive change:
1. Use disruptive change to rethink how you run your business
Finance teams should use solutions that are scalable and agile, as well as adaptable to the organisation’s specific and growing needs. A unified, real-time financial system, based in the cloud, is the ideal tool to enable growth. Decision makers should