Guest Post by Diane Davidson

The future of Finance was already changing from your typical accounting, auditing, and control functions, and that was before the pandemic hit in March.  The mantra of “do more with less” has switched to “do better with less,” which has shifted companies to a lens on cost savings.  As discussed in my first post regarding “What is Finance Transformation?” finance managers are expected to act as future-looking business partners and less point-in-time reporters.  The guidance partner’s role is more critical than ever, with the future holding so much uncertainty and leading to spending freezes.  Many companies have embarked on a finance transformation journey with cost costing as the number one objective.