{"id":10110,"date":"2021-09-17T16:02:42","date_gmt":"2021-09-17T15:02:42","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=10110"},"modified":"2026-01-29T11:29:25","modified_gmt":"2026-01-29T11:29:25","slug":"sustainable-growth-financial-services-firms","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/sustainable-growth-financial-services-firms\/","title":{"rendered":"4 ways finance leaders in financial services firms can drive sustainable growth with data"},"content":{"rendered":"
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\n\t\t\t\t\t\t4 ways finance leaders in financial services firms can drive sustainable growth with data\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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With the evolution of technology comes the evolution of the chief financial officer.<\/p>\n

When it comes to the world of finance, the term \u2018digital transformation<\/a>\u2019 has become a part of the everyday conversation surrounding success in the industry.<\/p>\n

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More than two thirds of CFOs (70%) said they had full responsibility for digital transformation in their organisation \u2013\u00a0CFO 3.0: Digital transformation beyond financial management<\/a><\/p>\n<\/blockquote>\n

As companies clamour to boost efficiency while cutting costs, the role of CFO is increasingly data-driven and focused on analytics, moving beyond financial management to be a technology futurist.<\/p>\n

This is Financial Leadership 3.0.<\/p>\n

Read on to find out how you can save time and use valuable data to add even more value to your business in 2021 and beyond.<\/p>\n

Here’s what we cover:<\/p>\n

1. Embrace automation<\/a><\/p>\n

2. Revel in real-time reporting<\/a><\/p>\n

3. Tap into improved analytics<\/a><\/p>\n

4. Dig into role-based dashboards<\/a><\/p>\n

\n\tDownload your free copy of Success guide for financial leaders in financial services<\/a>\n<\/div>\n\n

1. Embrace automation<\/h2>\n

Artificial intelligence (AI) and automation present opportunities when budgets are tight.<\/p>\n

Repetitive tasks \u2013 from chasing invoices to handling payroll and expenses management \u2013 can be automated, freeing up your finance team<\/a> to work on strategy rather than tedious admin and data entry.<\/p>\n

A significant amount of time and resources can be saved through automation, which eliminates manual data entry and spreadsheets to close the books faster.<\/p>\n

Key tasks your finance team can automate<\/h3>\n
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  1. Job costings<\/li>\n
  2. Data collection<\/li>\n
  3. Invoicing<\/li>\n
  4. Payment collection<\/li>\n
  5. Credit control<\/li>\n
  6. Reconciliation<\/li>\n<\/ol>\n

    2. Revel in real-time reporting<\/h2>\n

    Did you know 51% of CFOs<\/a> say thinking of new ways to help their business financially is the most challenging aspect of their job?<\/p>\n

    Few industries move faster than finance.<\/p>\n

    Decisions need to be made and ideas need to be generated to keep costs down and efficiency up.<\/p>\n

    Real-time reporting makes it possible for CFOs to respond to ever-changing conditions proactively and with more precision than ever before. It also impacts your accounting teams and wider management, who need a high-level view of financial health to make better decisions<\/a>, faster.<\/p>\n

    Benefits of real-time reporting<\/h3>\n