In today’s finance departments, digital skills are becoming a necessity for success. Gone are the days when teams spend countless hours manually entering data or routing invoices for approval. Now, digital transformation and strategic redesign of the finance function are top of mind for CFOs.

CFOs are investing in advanced and emerging technologies — like AI, cloud and automation technology — to drive growth and create efficiencies amid economic headwinds. However, there’s a discrepancy between the digital skills businesses need and the skills possessed by the existing workforce, known as the “digital skills gap.”

In this piece, we’ll share research that explains how economic factors are intensifying the rush toward digital transformation and why organizations need to acknowledge and confront the digital skills gap impacting finance teams.