Office of the CFO: How to Start the Transformation-and-Change Adventure for the Finance Department

This IDC Perspective initiates a "how to" playbook tailored for CFOs embarking on their finance transformation journey. These playbooks aim to guide CFOs in getting started, avoiding common pitfalls, and successfully addressing challenges as they lead their finance departments through the change management process encompassing processes, technology, and people."While many CFOs and their departments have embarked on the finance transformation journey, a significant number encounter obstacles or fail to implement changes effectively within finance processes and technology. Often, they face resistance to change from their employees due to a lack of organization, planning, and documentation. The entire journey demands substantial time and resources. This series intends to provide CFOs with valuable guidance and practical examples to navigate and progress through their transformation journey." - Heather Herbst, research director, Worldwide Office of the CFO at IDC