Finance transformation differs from digitalization by going beyond automating existing tasks. While digitalization improves processes like ERP upgrades and routine automation, transformation uses advanced technologies such as machine learning and big data to reinvent finance, including real-time insights and external data use. It boosts agility, efficiency, and supports ESG goals but requires new skills, modern systems, vision, and strong backing. Unlike digitalization’s short-term fixes, transformation delivers lasting competitive advantage and future-proofs finance.

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