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AGILE FINANCE: LEADERS VS. LAGGARDS AGILE FINANCE LEADERS are further along the transformation journey, and are embracing a new operating model for modern finance that is responsive and change-ready. Agile finance leaders are more likely to use: Integrated business services/centers of excellence Cross-functional, skilled teams to support business decision-makers Cloud technology of finance organizations surveyed could be characterized as “agile finance leaders.” 1 But the numbers change slightly when we take a closer look at the following industries: 47% 44% 40% Higher education Financial services Manufacturing only 38 % 34% Retail 27% Healthcare & Life Sciences LAGGARDS LEADERS of leaders have fully-centralized services and centers of excellence for financial planning and analysis 81 % Leaders are more likely to rank their finance function’s skills level as “excellent”: 60 % 60 % 55 % Data visualization Influencing skills Big data expertise 45 % of leaders have standardized accounting and related processes on cloud ERP 44 % of leaders have implemented robotic process automation for routine processes of modern finance leaders have implemented cloud-based EPM 51 % of laggards have the same 56 % Skill Level Standardized Processes Process Automation Cloud-based Enterprise Performance Management Significantly fewer laggards gave their finance function a similar ranking: 24 % 21 % 23 % Data visualization Influencing skills Big data expertise of all other companies Versus 17 % of laggards have embraced process automation Only 12 % of other organizations have done the same Only 17 % Where are you in your journey to agile finance? Unlock the Agile Finance Revealed interactive research report to find out: oracle.com/agile-finance-revealed Talk to an Oracle applications specialist: 1.800.633.0723 WHAT SEPARATES THE LEADERS FROM THE LAGGARDS ? Centralization
