3 in 10 CFOs, treasurers in Asia-Pacific leading digital transformation: dbsbank poll
THREE in 10 chief financial officers and corporate treasurers in Asia-Pacific said it is their responsibility to push the digital strategy agenda at their companies.
“We are seeing more and more CFOs and treasurers being called upon to drive this change, because they have broad oversight and in-depth understanding of key business drivers and organisational challengers,” he noted. This compared to only three in 10 companies in APAC that had such a plan. The other seven in 10 firms in the region thus risk being left behind, DBS said.
The three biggest risks to digital adoption lie in keeping up with the speed of change and complexity of the enabling technologies , challenges in execution and delivery of outcomes , and the availability of talent to help execute digital transformation efforts , according to the respondents. This growing use of APIs for integration with banks and third parties was highlighted in the survey findings. About 32 per cent of CFOs and treasurers are currently doing so, and this proportion is set to grow to 40 per cent in the next 12 months, DBS said.
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