O slideshow foi denunciado.
Utilizamos seu perfil e dados de atividades no LinkedIn para personalizar e exibir anúncios mais relevantes. Altere suas preferências de anúncios quando desejar.

Redefining Public Sector Finance in a Digital World

457 visualizações

Publicada em

Are public sector finance leaders lagging their private sector peers? Accenture's research suggests nothing could be further from the truth.

Publicada em: Tecnologia
  • Seja o primeiro a comentar

  • Seja a primeira pessoa a gostar disto

Redefining Public Sector Finance in a Digital World

  1. 1. Are public sector finance leaders lagging their private sector peers? Accenture’s research suggests nothing could be Copyright © 2019 Accenture. All rights reserved. 2 FURTHER FROM THE TRUTH.
  2. 2. Finding new value across the enterprise and beyond Planning ahead for volatile future scenarios Providing insight on performance in real-time Driving transformation across the entire organisation Exploring disruptive technologies as strategic enablers Public sector finance leaders are focusing on: Copyright © 2019 Accenture. All rights reserved. 3 81% 75% 71% 68% 66%
  3. 3. Copyright © 2019 Accenture. All rights reserved. 4 Their ambition to help lead their organisation’s technology strategy WHAT STANDS OUT?
  4. 4. of public sector finance leads are providing additional insight to support strategic decision-making Copyright © 2019 Accenture. All rights reserved. 5 64%
  5. 5. these leaders recognise the need for transformation and are becoming increasingly strategic in their approach. Despite several obstacles, Copyright © 2019 Accenture. All rights reserved. 6 Time Budget Skills lack of bandwidth limited budget to invest in change rapidly changing talent profile
  6. 6. Copyright © 2019 Accenture. All rights reserved. 7 Public sector finance leaders must vie for more in order to create the broader role they want. ADDITIONAL RESOURCES ARE KEY In order for this to become a reality, they must build more compelling business cases for investment as well as explore innovative new funding models.
  7. 7. How will they do this? Copyright © 2019 Accenture. All rights reserved. 8 Driving strategic results through data and analytics Implementing automation despite financial and people challenges Recruiting a new wave of talent and skills Finance leaders must prioritise three key strategies:
  8. 8. Copyright © 2019 Accenture. All rights reserved. 9 Driving strategic results with data Public sector finance leaders are harnessing data to increase their enterprise-wide influence and support their organisations’ strategic ambitions. These leaders must build on the momentum of data analytics and focus especially on defining the return on investment (ROI) from digital investments. 47% 53% Predicting the future Reporting the past How do public sector finance teams use data tools?
  9. 9. Copyright © 2019 Accenture. All rights reserved. 10 Nicola Smith, Managing Director, Accenture “Finance teams have put in place ERP systems to give them one version of the truth, but they’re not yet sure what they should be doing with the data to enable their organisations to turn a corner.”
  10. 10. Copyright © 2019 Accenture. All rights reserved. 11 Fighting the fear of automation Many public sector finance leaders have bold plans for automation, as technology- enabled efficiency measures will help these leaders transition into a more strategic role. To realise this ambition, the public sector must first overcome several intimidating challenges around automation—even more so than their private sector peers.
  11. 11. 54% 40% 38% 52% 52% 38% 52% 32% 36% 45% 43% 31% Copyright © 2019 Accenture. All rights reserved. 12 What issues are barriers to automation? Concern about information security Employee resistance to working with non-human ‘colleagues’ Difficult in standardising enterprise data or agreeing upon a single ‘version of the truth’ Established executives are not incentivised to take on unfamiliar tasks and responsibilities Technical errors and bugs There is no workable process in place to support an automated solution Public Sector Private Sector
  12. 12. Copyright © 2019 Accenture. All rights reserved. 13 believe the traditional finance talent profile needs to change quickly and drastically73% of traditional finance tasks may be carried out by technology within three years41%
  13. 13. Copyright © 2019 Accenture. All rights reserved. 14 It’s vital to deal with the fear that automation means the loss of jobs. We need to demonstrate that job losses didn’t happen as expected in either the private sector, or in the public sector where automation has been deployed already.” Bill Kilmartin, North America Industry Lead, Finance & Administration, Accenture “
  14. 14. Copyright © 2019 Accenture. All rights reserved. 15 Catching up on talent and skills Ensuring that they have access to the right skills is a growing challenge for public sector finance leaders, but the right talent is essential to drive enterprise-wide cultural change. Finance leaders are thinking hard about how to build the capabilities they need, often considering even more radical approaches than their counterparts in business. They must think differently within the confines of government recruiting processes and standards.
  15. 15. The most critical skills for junior finance professionals over the next three years Copyright © 2019 Accenture. All rights reserved. 16 51% 44% 39% Analytical skills Ability to innovate Financial modeling
  16. 16. Copyright © 2019 Accenture. All rights reserved. 17 IT’STIMETO REIMAGINE& STRATEGISEFinance can enable digital transformation across the organisation by focusing on digital ROI, automation, data insight, public value and funding.
  17. 17. Copyright © 2019 Accenture. All rights reserved. 18 For more information: BERNARD LE MASSON Global Managing Director, Health & Public Service, Management Consulting, Accenture BILL KILMARTIN North America Industry Lead, Finance & Administration, Accenture NICOLA SMITH Managing Director, Accenture @BernardleMasson in/bernardlemasson @BillKilmartin1 in/bill-kilmartin-981a865 in/nicola-smith bernard.le.masson@accenture.com william.kilmartin@accenture.com n.j.smith@accenture.com www.accenture.com

×