why Finance transformation is in demand these days?

Finance transformation refers to the process of reimagining and improving the finance function within an organization to increase efficiency, effectiveness, and strategic value. It involves redesigning financial processes, adopting new technologies, and changing the role of finance to better align with the goals of the organization.

The goal of finance transformation is to move the finance function beyond traditional accounting and reporting activities to become a more strategic partner to the business. This involves using technology and data to provide better insights into financial performance, improving financial planning and analysis, and integrating financial decision-making with broader organizational goals.

Finance transformation often involves the use of cloud-based solutions, such as enterprise resource planning (ERP) systems and financial analytics tools, to automate and streamline financial processes. It also requires building a strong finance team with the right skills and expertise to support the transformation.

Overall, finance transformation is a process of continuous improvement that enables finance to become a more strategic function within the organization, providing better insights and decision-making support to help the business achieve its goals