The challenge of digitalization
A fundamental transformation of what controllers do and what controlling is all about is well under way. While controllers used to be merely “masters of numbers”, they now work closely with management to achieve their company’s objectives. The latest advances in IT have brought about remarkable progress that has significantly changed the role of the controller and the CFO alike.
At the Institute of Management Accounting and Control (IMC), we are following this transformation closely and offer controllers practical tips that will pave the way to a successful future. The underlying duality of scholarly and practice impact is part of our vocation. Here, we share our latest thinking on the practical application of our scientific research.
Our latest thinking centers on what we have identified as the main drivers of development in controlling and the finance function: