The 00001 CFO: Digital Finance Transformation in the age of x + AI
ISBN: 9789357460576
296 pages
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Description
The emergence of Artificial Intelligence (AI) has disrupted numerous industries and operations, necessitating a repositioning of finance teams as strategic functions that champion growth, value creation, and sustainability. The rapid pace of technological evolution and proliferation of data is reshaping the landscape in unprecedented ways. Amidst these escalating expectations and uncertainties driven by digital advancements, the lack of preparedness can be daunting. 'The 00001 CFO' book serves as a window into this future, exploring what may seem improbable but is, in fact, inevitable. It describes the paradigm shifts that CFOs and Finance teams must embrace to thrive in this inevitable future. It symbolizes a future characterized by zero-touch transaction processing and accounting, zero exceptions, zero time to close, zero time to insight, and a unified user experience—a vision encompassing the five core imperatives of the digital CFO in the era of AI-led disruption.
1. The 00001 Future
1.1 Four-Minute Barrier and Future of Finance
1.2 The Age of x+AI
1.3 The 00001 Index
2. Zero Touch Processing
2.1 Zero Touch Enablers
2.2 Zero Touch Frameworks
2.3 AI-Powered Zero Touch
2.4 Zero Touch in Action
Snapshot
Business Leader Perspective
3. Zero Exceptions
3.1 With Rising Automation All that is Left are Exceptions
3.2 Design Principles of Zero Exceptions
3.3 Preventing and Resolving Exceptions in the Age of AI
Snapshot
Business Leader Perspective
4. Zero Time To Close
4.1 Accelerated, Optimised, Continuous
4.2 Systemic Changes for Zero Time to Close
4.3 Accounting Orchestration Engine
4.4 Zero Time to Close Frameworks
4.5 Zero Time to Close Enablers
Snapshot
Business Leader Perspective
5. Zero Time To Insights
5.1 Data to Insights Framework
5.2 Zero Time to Insights Stack
Snapshot
Business Leader Perspective
6. One Holistic Experience
6.1 Experience is the New Frontier in Finance
6.2 Design Principles of One Holistic Experience
6.3 Achieving One Holistic Experience
Snapshot
Business Leader Perspective
7. Zero Touch Controls
7.1 House of Cards
7.2 The Evolving Risk Landscape
7.3 The Future of Controls
7.4 Role of Risk and Internal Audit Functions
Snapshot
Business Leader Perspective
8. 00001 Operating Model
8.1 Finance Mission Control: From Horizontal to Vertical
8.2 Purpose
8.3 Process
8.4 People
8.5 Placement
8.6 Platform
Snapshot
Business Leader Perspective
9. 00001 Skills
9.1 Changing Skills for Emerging Roles
9.2 The ‘Shift Right’ in Finance Skills Stack
9.3 The Meta-Skill of Continuous Re-skilling
Snapshot
Business Leader Perspective
10. The CFOVERSE
10.1 Metaverse is the Continuum of Digital Experience
10.2 CFOVerse-The Metaverse for Finance
Snapshot
Business Leader Perspective
11. Green Accountant
11.1 Business with a Meaningful Purpose
11.2 Role of the Green Accountant: The Planet Saviour
11.3 The 00001 Future for Impact Accounting
Snapshot
Business Leader Perspective
12. The 00001 Beginning
12.1 x+AI – A Reality Check
12.2 One Step at a Time
Epilogue
Acknowledgment
References
Index
About the Authors