Building a digital finance function to power government in North America

The CFO and CIO Indicator Study suggests that government organizations in North America are facing challenges in their finance transformation efforts. These challenges include a lack of alignment between finance and IT, skills shortages, and insufficient amounts of actionable data. The study found that the need to improve decision-making by enabling secure timely access to reliable data is the biggest driver of technology modernization within organizations. To overcome these challenges, government organizations should invest in innovative technologies that can help them make smarter decisions based on accurate, real-time financial, people, and operational data. IT and finance leaders should also work together to improve visibility and secure agility.