Today’s CFO is bombarded with buzzwords and talk about the latest and greatest trends in corporate finance. The typical finance professional is usually occupied with more practical considerations. Buzzwords aren’t high on the agenda when some new regulatory control is fighting for your attention or you’re busy keeping an eye on the bottom line.
Still, those buzzwords and trends persist. It’s little wonder that finance pros are confused by it all.
Here are a few such terms you might have heard of:
- Predictive accounting – using accounting to predict revenue.
- Machine learning in finance and accounting.
- Robotic Process Automation (RPA).
It’s natural to ask whether any of this matters. Is it worth devoting mental bandwidth to these new trends?
This post is a summary of why I think these trends may be relevant to you, and how getting onboard now can help you add long-term value to your organization.