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Office efficiency gains

A quick look around your office will show you that the workplace is changing. Demand for more flexible ways of working has seen a boom in approaches such as shared spaces and co-working. While these all have an effect on the way we work, what will change for the finance function? In the first in a new series of features on the future world of work, Alison Coleman examines some of the major trends shaping today’s organisations.

The world of work is changing rapidly, with disruptive technologies, generational shifts and social trends redrawing the workplace landscape in terms of where, when and how people do their job; not just now, but into the future.

The Future of Skills: Employment in 2030 report, published by Nesta, highlighted a number of key technology trends including automation, nanotechnology and the Internet of Things that will have an impact on employment, with implications for skills and even the emergence of many new occupations. Globalisation and an ageing population were also identified as influential factors that will shape the workplace of the future.

The chief financial officer (CFO) and the finance team as a whole have a significant role to play in this transformation, their focus shifting more and more from processing transactions and monitoring the balance sheet to data analytics, disruptive technology and effective people management.

This is an extract from the Business & Management Magazine, Issue 266, July 2018.

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