Despite the discussion and reality of technologies like artificial intelligence, blockchain, and Internet of Things, many companies are still struggling to achieve a business environment that is automated, integrated and innovative.
However, more and more organizations are beginning to outline digital transformation initiatives and explore what this journey might look like. In fact, according to a KPMG survey of more than 1,000 executives, enabling digital transformation was ranked as the second biggest business challenge for 2019 and ranked number one by finance and accounting professionals who participated in the survey. But it was also ranked as the biggest potential solution to other challenges. Digital transformation is a significant undertaking – but also one that can solve many other challenges faced by finance and the organization at large.