How to Organize Finance Department Structure ?

Emphasis on digitization and automation

Finance functions like accounts receivable (AR) and accounts payable (AP), which historically involve a high degree of manual work.

Spend management

Out-of-control expenses can wreak havoc on a company’s bottom line, so an important function for the finance team is spend management.

Digital skills are    in high demand

Modern finance Team should deal with Large information volumes, making fundamental information science abilities essential.

Agile teams and flat organization structures 

Many  Big Company has featured agility and independence as basic characteristics for finance experts.

Procurement planning

One area of spend the Management where a finance group can have a massive effect on the company's primary concern is procurement planning.

High-growth startups

Startup assets differ contingent upon the financing they've obtained. Agility  is the key here as numerous jobs report directly to the CFO.

Customer experience  is now a bigger priority

As Finance groups further digitize bookkeeping processes, they're progressively centered around how this advantages their clients' experience.