Retail finance transformation is being driven by the urgent need for agility, accurate insights, and stronger IT-finance collaboration. A Workday survey reveals that outdated tools, siloed systems, and disconnected data are major barriers. Retail CFOs and CIOs are prioritizing better financial tools, integrated front- and back-office systems, and closer partnerships to drive innovation and profitability. However, 59% of IT leaders lack financial literacy, and 31% of leaders lack confidence in finance teams' reporting accuracy. To advance, retail firms must unify data views, assess evolving tech needs, and cross-skill finance and IT teams to foster alignment and agility.

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