241209 Blackline Header CFOs are under greater pressure than ever to provide more strategic direction and help drive efficiency across the business. With existing technology and tools struggling to keep pace with these demands, the urgency for the office of the CFO to transform is growing. But delivering this change is tough – as many as 70% of finance transformations fail, according to Gartner. This is partly because the CFO landscape is getting harder to navigate as the operating backdrop becomes more complex, but also because CFO responsibilities are increasingly expanding. “One of the big challenges for the CFO office is that it has become critical to business transformation, but it is also critical to transform their own function too,” says Jeremy Ung, chief technology officer at BlackLine. “This is the balancing act that’s ongoing for CFOs – while you’re helping the business transform and fund business transformations, you’re also trying to transform your own CFO organisation.” This is challenging for CFOs to manage given the myriad tech systems that are feeding data into the CFO’s office from across the business. These tend to be individual systems that do not communicate with each other. And because those systems have […]