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Specialists with both S/4HANA experience and experience in Finance can expect plenty of opportunities to present themselves over the next 6 months. Key trends revolving around digital transformation and advancement in analytics technologies are certainly making an impact on the job market.
Finance leaders across Germany are reporting an increased focus on digital transformation. Steady progress isn’t enough anymore though with many boards tasking the finance function on digital business acceleration to fully realize process improvement, thought leadership, and financial transformation. Development, Process Management and Consulting roles have all seen a significant increase in job openings since the turn of the year, as transformation projects are back on track since the slow down due to COVID-19.
We expect to see a continued investment in AI and similar automation tools within finance functions over the course of the year. Traditionally automation has been managed by scripts and macros that were extremely dependent on skilled individuals to set up and run. Hiring managers are shifting to built-in automation functionality, as well as substituting the more complex repetitive tasks with Robotic Process Automation technology. Reducing time spent on low-value manual tasks such as data checking, data manipulation and report writing are areas executives are keen to automate, saving time while also improving the quality of the process and the insights they deliver.
A large part of new consulting roles in particular, is upskilling and training current staff. Across the Finance and Analytics space a big driver for leaders is ensuring staff are developing within their role. The opportunity to hire contracted consultants to support ongoing projects has been coupled with educating staff on overcoming issues within day to day work as well as improving the processes they currently conduct.