S6 Ep3: The Resilient Finance Function

Building Resiliency and Driving Decision-Making

To enhance the resilience of the finance function, three key factors need to be considered. First, empowering technology enablement is crucial, as it enables finance professionals to utilize advanced tools like data analytics, machine learning, and artificial intelligence for real-time insights and predictive modeling. Second, data-driven decision-making is essential, but it should be complemented by the experience and gut feelings of business leaders. By combining data insights with business expertise, finance professionals can actively participate in strategic decision-making and drive positive change. Finally, persuasive risk management and effective communication are vital for identifying emerging risks, developing contingency plans, and providing timely and accurate information to decision-makers, thus building trust and resilience.