Finance is facing many changes in the last few years and must keep up with the latest innovations in the sector. These changes concern the various finance professions and are often linked to the digitalization of companies.

The impact of technological change

Today, the financial information professions are changing to support the digital transformation of companies. Information processing has evolved over the years thanks to new technologies that have improved the quality of information.

Nowadays, financial information is provided via databases stored on software or servers, and financial forecasts are estimated via algorithms.

Technical progress in the field of digital technology has also led to the emergence of new professions, notably that of financial and planning manager, which is now a key position in the financial sector. The role of the financial and planning manager is to act as a link between the various divisions of the finance department and to support the operational departments in their decision-making strategy.

An evolution dependent on its time

The current economic situation is also a factor in the evolution of finance activities. This is particularly the case for credit managers whose role is to manage risks by analyzing the solvency of customers and organizing their reminders.

The financial crisis of 2008 has increased the risk of non-payment for companies, which has led to the development of the function of credit managers, which has become more important in the functioning of companies.

The role of risk manager has also undergone some changes. Originally, it consisted of organizing controlled risk taking and defining, deploying and leading a risk management system. It aimed at proposing optimized treatment solutions in order to enlighten executives in their strategic decisions.

With the emergence of new and very restrictive national and international legislation, these professionals are becoming more and more specialized, especially in large companies.