Learn about the key aspects of the changing corporate finance landscape and how to adapt to them, such as digital transformation, sustainability and ESG, and more.

Stakeholder engagement is the process of involving individuals, groups, or organizations who have an interest or influence in a project or business. It's about building relationships, gathering feedback, and ensuring their perspectives are considered in decision-making. Effective stakeholder engagement is vital for successful outcomes and trust in your initiatives.

How can you adapt to the changing Corporate Finance landscape?

The corporate finance landscape is constantly evolving, driven by technological innovations, regulatory changes, market dynamics, and social trends. As a corporate finance professional, you need to be adaptable and resilient to navigate the challenges and opportunities that arise. In this article, we will explore some of the key aspects of the changing corporate finance landscape and how you can adapt to them.

1 Digital transformation

One of the most significant changes in the corporate finance landscape is the digital transformation of processes, systems, and data. Digital tools and platforms can enhance efficiency, accuracy, transparency, and collaboration in corporate finance functions, such as financial planning and analysis, treasury, risk management, reporting, and auditing. To adapt to the digital transformation, you need to embrace new technologies, such as cloud computing, artificial intelligence, blockchain, and data analytics, and develop the skills and mindset to use them effectively. You also need to be aware of the cybersecurity and ethical implications of digital finance and ensure compliance with relevant standards and regulations.

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Hanan Hasbullah

Senior Accountant @ Coreo Real Estate | Head of Finance
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Digital transformation involves leveraging technology to modernize processes and enhance business performance. It's about embracing innovation, data analytics, and automation to stay competitive in an increasingly digital world.

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2 Sustainability and ESG

Another major change in the corporate finance landscape is the growing importance of sustainability and environmental, social, and governance (ESG) factors. Investors, customers, regulators, and other stakeholders are increasingly demanding that companies demonstrate their commitment to sustainability and ESG performance, as well as their financial performance. To adapt to this change, you need to integrate sustainability and ESG into your corporate finance strategy, decision-making, and reporting. You also need to measure and communicate the impact of your sustainability and ESG initiatives, using frameworks such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD).

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3 Globalization and diversification

A third change in the corporate finance landscape is the globalization and diversification of markets, customers, suppliers, and competitors. Companies are expanding their operations and presence across different regions, countries, and sectors, creating new opportunities and challenges for corporate finance professionals. To adapt to this change, you need to have a global perspective and understanding of the economic, political, cultural, and legal factors that affect your business. You also need to diversify your portfolio and risk exposure, taking into account the volatility and uncertainty of global markets. You also need to collaborate and communicate effectively with diverse stakeholders, using cross-cultural and interpersonal skills.

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Hanan Hasbullah

Senior Accountant @ Coreo Real Estate | Head of Finance
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Globalization and diversification involve expanding into international markets and diversifying product or service offerings to reduce risk. For example, a tech company may sell its products worldwide and diversify by entering both software and hardware markets to safeguard against regional economic fluctuations.

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4 Innovation and disruption

A fourth change in the corporate finance landscape is the innovation and disruption of products, services, business models, and industries. Technology, customer preferences, competition, and regulation are driving rapid and radical changes in the way companies create and deliver value. To adapt to this change, you need to be innovative and creative in your corporate finance function, finding new ways to support and enable your business strategy and objectives. You also need to be agile and flexible, responding quickly and proactively to changing market conditions and customer needs. You also need to be curious and open-minded, learning from best practices and emerging trends in your industry and beyond.

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5 Talent and culture

A fifth change in the corporate finance landscape is the talent and culture of the corporate finance profession. Corporate finance professionals are expected to have not only technical and analytical skills, but also soft and strategic skills, such as communication, leadership, problem-solving, and critical thinking. They are also expected to have a growth mindset, a passion for learning, and a willingness to embrace change and challenge. To adapt to this change, you need to invest in your professional development, seeking feedback, mentoring, coaching, and training opportunities. You also need to foster a positive and inclusive culture in your corporate finance function, promoting collaboration, diversity, and innovation.

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6 Stakeholder engagement

A sixth change in the corporate finance landscape is the stakeholder engagement of the corporate finance function. Corporate finance professionals are no longer isolated or siloed from the rest of the organization and the external environment. They are expected to engage and influence various stakeholders, such as senior management, board members, investors, regulators, customers, employees, and society at large. To adapt to this change, you need to develop your communication and presentation skills, delivering clear, concise, and compelling messages to different audiences and channels. You also need to build your relationship and networking skills, establishing trust, rapport, and credibility with your stakeholders. You also need to demonstrate your value and impact, showing how your corporate finance function contributes to the success and sustainability of your organization.

Add your perspective

Hanan Hasbullah

Senior Accountant @ Coreo Real Estate | Head of Finance
Report contribution
Stakeholder engagement is the process of involving individuals, groups, or organizations who have an interest or influence in a project or business. It's about building relationships, gathering feedback, and ensuring their perspectives are considered in decision-making. Effective stakeholder engagement is vital for successful outcomes and trust in your initiatives.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How can you adapt to the changing Corporate Finance landscape?

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1 Digital transformation

2 Sustainability and ESG

3 Globalization and diversification

4 Innovation and disruption

5 Talent and culture

6 Stakeholder engagement

7 Here’s what else to consider

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