{"id":1731,"date":"2020-01-30T13:38:32","date_gmt":"2020-01-30T02:38:32","guid":{"rendered":"https:\/\/www.sage.com\/en-au\/blog\/?p=1731"},"modified":"2026-02-10T22:25:00","modified_gmt":"2026-02-10T11:25:00","slug":"cfo-cloud-financial-reporting","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-au\/blog\/cfo-cloud-financial-reporting\/","title":{"rendered":"CFO 3.0 and cloud financial reporting: A match made in heaven"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-au\/blog\/category\/technology-innovation\/today\/\" class=\"entry-header__link\">Today\u2019s tech<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tCFO 3.0 and cloud financial reporting: A match made in heaven\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2020-01-30T13:38:32+11:00\">January 30, 2020<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"CFO 3.0 and cloud financial reporting: A match made in heaven\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-au\/blog\/cfo-cloud-financial-reporting\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-au\/blog\/author\/bruceminty\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/06\/Bruce-Minty-1-350x350.jpg\" class=\"entry-author__image\" alt=\"\" srcset=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/06\/Bruce-Minty-1-350x350.jpg 350w, https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/06\/Bruce-Minty-1.jpg 480w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Bruce Minty<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Is cloud financial reporting a key component for you and your finance team?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Financial reporting is a crucial measure of business performance, and CFOs are charged with producing reporting that is&nbsp;<a href=\"https:\/\/www.sage.com\/en-au\/sage-business-cloud\/intacct\/\" target=\"_blank\" rel=\"noopener noreferrer\">useful to leadership and key stakeholders<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Traditionally,&nbsp;<a href=\"https:\/\/www.sage.com\/en-au\/blog\/cfos-driving-digital-transformation\/\">CFOs<\/a>&nbsp;have been limited to looking backwards through a rear-view mirror. They review financial reports and balance sheets that capture the state of the business at the end of a period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The world has changed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Financial reporting is still highly important. However, technology and the availability of data has made it possible for businesses to get real-time information about company performance \u2013 and even how the business can perform in the future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s a&nbsp;huge amount of untapped power in what is a legal requirement in most countries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-s-been-the-problem-with-financial-reporting\"><strong>What\u2019s been the problem with financial reporting?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Financial reporting has always been challenging and time-consuming.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the modern&nbsp;<a href=\"https:\/\/www.sage.com\/en-au\/blog\/forces-driving-change-in-finance\/\" target=\"_blank\" rel=\"noopener noreferrer\">finance function<\/a>, end-to-end reporting means carrying out a number of complex tasks with supreme accuracy. Mistakes could make the entire effort invalid.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your business might be reliant on multiple spreadsheets for financial reporting. But there\u2019s a good chance errors could creep in, while hours of effort are likely spent on keeping spreadsheet reports up to date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, it\u2019s not just a spreadsheet issue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With legacy IT on-premise infrastructure, the increasing complexity of the business can put pressure on systems. This can slow down processes and cause performance to suffer. The IT team might have to do a lot of firefighting, leaving a lengthy backlog.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Financial reporting is crucial to a business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As well as tracking performance, it\u2019s needed for areas such as regulatory compliance and investor relations. As a result, CFOs could be feeling pressure from the business to provide better financial data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This includes:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A corporate mandate to improve the quality of financial and accounting data<\/li>\n\n\n\n<li>A management focus on improving the productivity of financial\/accounting staff<\/li>\n\n\n\n<li>Stakeholder demand for financial data access and the need for more regular disclosure (monthly instead of quarterly or annually, for instance)<\/li>\n\n\n\n<li>A need to augment financial reporting with non-financial performance data.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">According to&nbsp;<a href=\"https:\/\/www.sage.com\/en-au\/blog\/cfo-cloud-financial-reporting\/#download\" target=\"_blank\" rel=\"noopener noreferrer\">CFO 3.0: Digital transformation beyond financial management<\/a>, a Sage research report that looks at how CFOs can move from historians to visionaries within their companies, decision-makers are still spending as much time collecting and preparing data as they are analysing it, due to unwieldy legacy systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a result, 63% of&nbsp;CFOs&nbsp;said administration has a significant impact on team productivity.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">CFO 3.0 \u2013 Digital Transformation beyond Financial Management<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Download our whitepaper to learn:<\/p>\n<ul>\n<li>The key trends driving the digitalisation of the finance industry<\/li>\n<li>How and why the role of the CFO is changing<\/li>\n<li>Why the CFO is key to driving digital transformation<\/li>\n<li>How Millennials are influencing adoption of new technology<\/li>\n<li>What keeps CFOs up at night \u2013 the 5 roadblocks to digital transformation<\/li>\n<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-9705cb3b-5312-41c8-881a-67c05a42aecc\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download Whitepaper<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/07\/resize-1675x1275-109-1064x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/07\/resize-1675x1275-109-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-cloud-computing-can-help\"><strong>Why cloud computing can help<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The benefits of financial cloud solutions are already well documented. Research and advisory firm Gartner describes the major benefits as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The ability to keep up to date with new releases<\/li>\n\n\n\n<li>More consumer-like features<\/li>\n\n\n\n<li>Improved analytics<\/li>\n\n\n\n<li>Improved agility through faster introduction of new functionality<\/li>\n\n\n\n<li>More emphasis on finance staff managing applications, with less reliance on technical staff<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">And with the cloud, you have the opportunity to make financial reporting much more streamlined, accurate and less time-consuming. It offers error-free reporting, a single version of the truth, and tools that don\u2019t need constant watching and manual maintenance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-working-in-the-cloud-can-make-finance-teams-more-effective\"><strong>How working in the cloud can make finance teams more effective<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The role of the&nbsp;<a href=\"https:\/\/www.sage.com\/en-au\/blog\/cloud-technology-cfos-new-role\/\" target=\"_blank\" rel=\"noopener noreferrer\">CFO and finance department has changed<\/a>. Instead of simply being thought of as a financial leader, the CFO now needs to actively drive business change through finance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thanks to cloud technology, they have access to a variety of tools focused on&nbsp;&nbsp;and intelligence, with machine learning and&nbsp;<a href=\"https:\/\/www.sage.com\/en-au\/blog\/robots-and-ai-how-will-they-affect-accounting\/\" target=\"_blank\" rel=\"noopener noreferrer\">artificial intelligence<\/a>&nbsp;potentially changing the game even further.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cloud technology helps create a nimbler and more cost-effective finance function. It minimises the need for hardware and storage, providing more scalable and easily automated processes. You can enable a connected operating environment that provides greater automation and advances in real-time insights.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Automation is a reliable way to improve the quality of financial data and increase the productivity of financial\/accounting staff.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of being tied up with time-consuming transactional tasks and gathering data, automation offers an alternative.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Automation can allow businesses to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Minimise the manual intervention needed in financial and accounting-related tasks, such as ledger entries and reconciliations<\/li>\n\n\n\n<li>Reduce the potential for human error<\/li>\n\n\n\n<li>Improve the use of staff time through a reduction in manual processes<\/li>\n\n\n\n<li>Increase and expedite turn-around.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Through automation and the use of integrated business systems that serve as an auditable system of record, CFOs and their departments can make use of technical capabilities to make them more effective and useful for the business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This includes automated financial reporting with narrative analysis. Financial data with context and a clear story can be very useful. In addition, you have access to:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-real-time-updates-to-financial-metrics\"><strong>Real-time updates to financial metrics<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Real-time metrics improve the quality of related data and the efficiency of prepared reports. Having inputs uploaded in real time rather than batch processes reduces reporting turnaround time and helps avoid financial data gaps.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-multi-dimensional-reporting\"><strong>Multi-dimensional reporting<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This allows multiple codes to be used to generate models and charts from compounded sets of data. It allows data and analytics from various transactions to be aggregated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Future-proofing the finance function means more automation. More than nine in 10 (94%) businesses agree that financial management technology will play a crucial role in tomorrow\u2019s finance function.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion-on-using-cloud-financial-reporting\"><strong>Conclusion on using cloud financial reporting<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to Sage&nbsp;, over 90% of financial decision-makers say their role has changed over the past five years, with 67% agreeing this transformation has been from number cruncher to business strategist. It might be down to you to add value and shape the future strategy of your finance function.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You could well be central to making sure your business makes the significant investments it needs in tools and systems to expand your capabilities, which may require you to move to financial cloud management software.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moving to&nbsp;<a href=\"https:\/\/www.sage.com\/en-au\/sage-business-cloud\/intacct\/\" target=\"_blank\" rel=\"noopener noreferrer\">cloud financial management software<\/a>&nbsp;can help break down data silos and accelerate the way you do business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The right technology platform can provide a consolidated view of your financial data from across the business. It can also provide the integrated business analytics functionality to deliver the data-driven insights the new breed of CFO needs to drive broader business transformation beyond financial management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By monitoring and understanding this data, you can make better decisions and uncover more opportunities in areas such as cost reductions, process waste removal, customer cross\/up-selling, and the delivery of new products.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not only can analytics find you ways to cut budgets in the right areas, it can help you find suitable ways to expand.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">CFO 3.0 \u2013 Digital Transformation beyond Financial Management<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Download our whitepaper to learn:<\/p>\n<ul>\n<li>The key trends driving the digitalisation of the finance industry<\/li>\n<li>How and why the role of the CFO is changing<\/li>\n<li>Why the CFO is key to driving digital transformation<\/li>\n<li>How Millennials are influencing adoption of new technology<\/li>\n<li>What keeps CFOs up at night \u2013 the 5 roadblocks to digital transformation<\/li>\n<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-9705cb3b-5312-41c8-881a-67c05a42aecc\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download Whitepaper<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/07\/resize-1675x1275-109-1064x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/07\/resize-1675x1275-109-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get a roundup of our best business advice in your inbox every month<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-20ec4af6-53dd-41ab-81ed-95d438e3bb90\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/01\/GettyImages-626184462-1064x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/01\/GettyImages-626184462-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-au\/blog\/tag\/cfo\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tCFO\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-au\/blog\/tag\/cfo-3-0\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tCFO 3.0\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-au\/blog\/tag\/making-financial-decisions\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tMaking financial decisions\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-au\/blog\/tag\/technology\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tTechnology\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-3892 post type-post status-publish format-standard has-post-thumbnail hentry category-technology-innovation tag-ai tag-cfo business_type-medium-sized-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2023\/10\/GettyImages-1481370237.jpg\" class=\"card-post__image\" alt=\"AI can save time for CFOs\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2023\/10\/GettyImages-1481370237-684x384.jpg 684w, https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2023\/10\/GettyImages-1481370237-768x432.jpg 768w, https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2023\/10\/GettyImages-1481370237.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-03-05T04:26:33+11:00\">March 5, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">5 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-au\/blog\/how-to-master-ai\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tThe tech-finance fusion: How to master AI\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tDiscover how today\u2019s CFOs are at the forefront of corporate strategy, using AI-driven analytics and teamwork across different departments.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading 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Here\u2019s why\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Is cloud financial reporting a key component for you and your finance team? Financial reporting is a crucial measure of business performance, and CFOs are charged with producing reporting that is&nbsp;useful to leadership and key stakeholders. Traditionally,&nbsp;CFOs&nbsp;have been limited to looking backwards through a rear-view mirror. They review financial reports and balance sheets that capture [&hellip;]<\/p>\n","protected":false},"author":832,"featured_media":561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[76,92],"tags":[248,253,166,207],"business_type":[9],"context":[],"industry":[],"persona":[102],"imagine_tag":[252,40,43],"coauthors":[278],"class_list":["post-1731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-innovation","category-today","tag-cfo","tag-cfo-3-0","tag-making-financial-decisions","tag-technology","business_type-medium-sized-business"],"sage_meta":{"region":"en-au","author_name":"Bruce Minty","featured_image":"https:\/\/www.sage.com\/en-au\/blog\/wp-content\/uploads\/sites\/5\/2019\/01\/GettyImages-723514223.jpg","imagine_tags":{"252":"CFO 3.0","40":"Mid-sized business","43":"Technology and Innovation"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice Australia","distributor_original_site_url":"https:\/\/www.sage.com\/en-au\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/posts\/1731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/users\/832"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/comments?post=1731"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/posts\/1731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/media\/561"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/media?parent=1731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/categories?post=1731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/tags?post=1731"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/business_type?post=1731"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/context?post=1731"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/industry?post=1731"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/persona?post=1731"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/imagine_tag?post=1731"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-au\/blog\/api\/wp\/v2\/coauthors?post=1731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}