The digital disruptions that informed our thinking about finance trends several years ago have accelerated. And all signs suggest they’ll continue to do so. Our new Crunch time report takes an in-depth look at what we know now about the future of Finance.

Finance faces new realities

COVID-19 has sped up business innovation and stress-tested the concept of 100% remote work. Industries are converging, with global M&A activity in the first five months of 2021 reaching a record $2.4 trillion. And companies have raised more capital in the past year than at any time in recent memory. At the close of Q1 2021, nonfinancials in the S&P 500 held more than $2 trillion in cash reserves. 

In 2018, as digital disruption was prompting its own new realities, Deloitte predicted eight finance trends in our Crunch time report Finance 2025. Now that we’re halfway there—and everything changed, then changed again (to quote Tom Petty)—the time feels right to revisit those predictions
 

Tomorrow's winning organisations

In taking a fresh look at our 2018 publication, one insight stood out: Doing just one or two things exceptionally well probably won’t cut it. Nor will working in isolation. The future of Finance is all about managing across functions, building the right combination of capabilities, and establishing a strong data foundation. That’s what will distinguish tomorrow’s winning organisations.

Excelling in multiple areas can sound like a tall order. But it may be easier than it appears. Gains in any one area can create a multiplier effect, facilitating progress in others. The key is knowing where to place your bets (based on evolving business needs and existing Finance capabilities), then managing change holistically. With steady progress, you can get where you need to be.
 

Explore other Crunch time reports and case studies

Explore other reports and guides in our Finance in a Digital World Crunch time series, and read case studies about digital transformation in the finance function.