Modern-finance-v08


Management Insight with Analytics Competency Centers



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modern-finance

Management Insight with Analytics Competency Centers.
Analytics “gurus” do more than analyze financials. They assess 
product, customer, expense and project trends. Employees use 
self-service to explore data “in the moment” to understand the 
financial impact of operational events and decisions. No more 
relying on finance to do it for them. And no more trips to IT 
begging for custom reports.
01
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Compliance and Control with Communications and Control 
Centers.
These centers are focused on control, compliance, 
communications and risk management to consolidate the 
fundamentals of finance operations: statutory accounting, 
compliance, tax, treasury and investor relations. They are 
nimble, responsive and cost-effective, aligning specialized 
teams around streamlined work processes.
For example, one telecom provider is consolidating its 
fragmented income, property and sales tax organizations. A 
digital data warehouse automates most routine tax reporting 
and compliance. This way tax professionals can now focus on 
optimizing the tax structure of the organization to better support 
the business strategy.
02
Operational Agility Leveraging Integrated Business Services. 
These teams deliver complete services to employees
customers and suppliers across functions. They bundle 
accounting and transaction processing typically performed by 
finance with tasks from other business areas. Global 
consulting firm Accenture estimates that by 2020 more than 80 
percent of traditional finance services will be delivered by 
cross-functional teams working within integrated business 
services teams.
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Your Complete Guide to Modern Finance
1
Accenture Strategy

Finance 2020: Death by digital. The best thing that ever happened to
your finance organization, David A.J. Axson, 2015

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