The future of finance in banking

The banking sector excels at financial product innovation, implementing new technology in customer-facing businesses and driving automation in frontline investment, corporate finance and retail banking. However, many back-office and middle-office finance function operations are delivered by outdated technology, legacy organizational structures and processes.

As many banks embark on large-scale financial ledger enterprise management software upgrades and transformation programs, there is an opportunity to reshape the organization and mindset of their finance functions. Doing so can drive additional value from new generation and, more often than not, cloud-based technologies and associated business processes. While these programs are a significant capital investment, they form the foundation for value creation by enabling improved controls through automation, reduction of manual process and calculations, and timely access to financial information.

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Transforming the banking sector’s finance function

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