The introduction of new technologies is transforming theway corporate finance departments go about their jobs, but thesweeping changes pose challenges for finance executives.

The Hackett Group's annual Key Issues Study, which surveyedexecutives at midsize and large companies around the world, foundthat 91% expect digital transformation to fundamentally alter theway finance teams deliver services over the next three to fiveyears, while 97% expect technology to have a big effect onfinance's performance.

“In the next two or three years, there's going to be a verylarge increase in the adoption in finance of new technologies likecloud applications, predictive analytics, and robotic processautomation,” said Nilly Essaides, senior research director at TheHackett Group.