Transforming the Finance Function: Why ESMA’s ESEF is a Good Place to Start

In its 2018 global CFO survey, McKinsey revealed that the finance function is being called upon to deliver more strategic advice to the organisation. To be able to do that effectively, however, finance teams need to reduce the amount of time spent on low-value administrative work. Significant time savings can be achieved through the use of software to automate administrative tasks, but risk-averse finance teams are often reluctant to commit to large-scale digital transformations of the finance function.