We’ll give you a clear view on Financial Transformation

Clear view on Financial Transformation

Business is changing, especially for finance departments; ERP and cloud technology are changing them from data gatherers to valuable insight providers. At Percipient, we’ll make this transformation easy to understand – and show how it can help you.

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Less Finance,
More Strategy.

Financial transformation means your finance department is no longer about expense controlling, spreadsheet-laden accounting and reporting. Instead, it’s becoming the predictive analytics driving force behind your business.

What's it all about

What's Financial Transformation all about?

Cloud-based ERP

Digital, cloud-based ERP systems have brought reduced complexity, increased productivity and significant cost savings to businesses.

Automating routine tasks

By automating all routine tasks, these systems free up finance professionals to focus on creating enterprise value and competitive advantage.

Financial Teams

As finance teams are at the hub of these systems, they have been elevated to the insight engine for your business.

Source for descision support

They’re now the source for decision support, with the information to hand needed to drive business strategy.

Analytics competency centres

Finance teams will comprise analytics competency centres, integrated business services and communication and control centres.

Decision support

By 2020, finance staff will spend more than 75% of their time on decision support, predictive analytics and performance management.

3 Ways
your Financial team will change

Expect up to 50% increase in data by 2020

We’ve already created 90% of data in the last two years alone2, and there’s a lot more to come. Your finance team will need to not only manage it but be able to interpret it, giving them access to greater insight and the go-to people for decision-makers.

1 Source: Adaptive Insights’ Q3 2015 CFO Indicator Report
2 Source: IBM www-01.ibm.com/software/data/bigdata/what-is-big-data.html

Of CFOs expect support from new technology1

Finance leaders will need to simplify the sources of big data so everyone’s working from the same high-quality information – so they’ll be pushing to change complex legacy systems for sophisticated cloud-based technology to give better transparency and a clearer overview.

3 Source: The CFO’s Technology Imperatives, FERF Issue Alert, 2014

Of CFOs rate their team average at integrating data1

With data now at the heart of what the finance department does, the skills you’ll need will change. You’ll be hiring different specialists such as statisticians, analysts and data scientists replacing traditional accountancy roles.

4 Source: Adaptive Insights’ Q3 2015 CFO Indicator Report

3 Ways
your Financial team will change

Elevating finance to the ‘insight engine’ of the business is bound to have a big impact. In today’s fast-forward world, changes happen quickly, so your team needs to be flexible and agile.

3 ways

How to
make sure you're ready

Businesses can’t afford not to be open to change. So CFO’s face many challenges, from complex legacy systems to satisfying multiple stakeholders. That’s why partnering with Percipient will help you achieve your transformation.

Get Ready
Open to change

Partner with an expert
in Financial Transformation

The ERP
Specialists

Percipient use cloud-based ERP systems from Sage and Oracle to help your business work better, faster and smarter by taking a business perspective, rather than a technology perspective.

An Enviable
Track Record

Our Financial Transformation programs have provided multiple clients with visibility and a complete overview across their business, with all data stored in a central repository and one single login.

Maximising the
Benefits

Access to live data offers increased speed, better control and immediate access to performance data – and whether on-premise or cloud-based, Percipient always ensures your system suits your business.

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Ready to
find out more?

This is a fast-moving world. So our latest articles and insights will help you keep up with the latest developments in ERP, business and financial transformation. Or for a closer look at how your business will change, download our new white paper.

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Get our view...

We can tell you whatever you need to know about financial transformation. In fact, we’ve written a white paper on it – Financial Transformation and Your Business – which gives you the full picture. Or if you have a specific question, why not talk to one of our team?

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