The Evolving Finance Transformation Landscape

Posting date: 26 Sep 2019

For some time, we have been talking about the evolution of the Finance Professional. No longer numbers-driven and chained to a desk but more commercial, strategic and influential. 

While we once saw a sharp contrast between Transactional and Commercial Finance Professionals, they have equally become commercially-savvy and approachable, able to influence stakeholders and translate ‘finance’ into a language the workforce understands. 

But this progression of the Finance Professional is merely a microcosm of the massive changes taking place in the industry as the Finance space evolves with the changing times, technology and political climate.

Robotic Process Automation (RPA) is one example of the technology revolutionising the Finance Transformation space but it’s not just tech taking over.

The current political and economic climate is clouded with uncertainty meaning the traditionally temporary marketplace is making a move to Perm. 

Organisations are now seeking a Finance Transformation professional on a Permanent basis to cut costs and minimise disruption in longer-term projects but it isn’t landing well with the professionals they need to succeed. 

Transformation professionals thrive in the dynamic world of Interim work. They enjoy the diversity, the financial reward and the flexibility – three things not regularly associated with permanent employment. 

I met with a Transformation Director at a FTSE 20 company recently and she spoke about this feeling of freedom. The freedom to move from project to project, influence the business in such a short space of time and utilise new technology in new ways – something she wouldn’t be able to achieve in a permanent role and it made me question the longevity of this 'move to perm'.

While technology revolutionises the Finance space and uncertainty reshapes the recruitment trends that sit within it, I’d like to hear from you. How have you seen the industry evolve and what change is on the horizon?