Finance and accounting professionals need to adequately prepare for this transition to the digital world. They can start by understanding how emerging technologies are affecting the business models of organisations. This includes investigating and implementing solutions, consulting with digital transformation specialists if guidance is required.
Embracing Digital Transformation can enable a company to be more efficient, leaner and better equipped to manage change. Machines, however, are not able to replicate leadership, creativity, decision-making and judgement skills. Therefore, finance and accounting professionals need to develop these competencies as well as other ‘soft skills’ that are important in the digital age.
Continuous learning and a growth mindset will become a key characteristic of the modern knowledge worker, regardless of their profession. For the finance and accounting professional, this means becoming accustomed to new and emerging technologies and continue to expand on the digital transformation knowledge base.