Reetika Fleming

HFS is back with its analysis of the finance and accounting (F&A) service providers, but now in the Horizons framework! With the rush to remain relevant in the new AI era, there should be no more important function than finance as the repository for all the data that is needed to support rapid and smart business decisions. Yes, it’s pivotal in helping organizations transform to respond to changing market forces. Traditional finance remains the backbone, but strategic finance is gaining importance.

As we famously declared in 2019, standalone RPA is dead, and the only way to derive real value from process automation and data is to adopt an integrated approach that breaks down silos and produces the data executives need to make rapid decisions. Our autonomous enterprise principles clearly outline the steps needed to define the data needed, the transformation to collect and access it, and the governance capabilities to arrive at the decision points along the way.

The latest Sourcing and Procurement Horizons report is a snapshot of leading procurement service providers’ sourcing and procurement services capabilities. The aim of ambitious CPOs is to realize the value of procurement beyond costs and savings if they want to avoid back-office irrelevance in today’s unforgiving era.