EMEA recently partnered with Microsoft & PwC to co-host a CFO roundtable event in Amsterdam. The event was focused on “Technology in Modern Finance”, bringing together CFOs of multinational businesses from various sectors. This gave a fantastic opportunity to see the digital transformation projects that Microsoft have implemented to improve their financial processes, including the introduction of machine learning forecasting, which has seen them say goodbye to their standard manual forecasting procedures! This was a concept difficult for many to comprehend, but Microsoft provided evidence to show that the predictions via machine learning were far closer to actuals than previously forecast.
The group discussion, facilitated by PwC, emphasized that multinational companies are at very different stages of development with AI and robotics, but it seemed clear that the role of a CFO is changing and highlighted the evolution of skills required within a finance function. We look forward to hosting similar events around the impact of digital technology on finance with Microsoft and also other partners in Switzerland and The Netherlands later in 2019. We look forward to bringing you more news soon! If you are a CFO who could be interested in attending such events, please don’t hesitate to contact firstname.lastname@example.org.