While there’s still much uncertainty, the economy has shown great resilience. For many CFOs, a crisis like COVID-19 has supercharged the transformation agenda and has been the trigger to explore new directions and/or bring forward some of the process improvements that may have been previously scheduled for ‘sometime in the future’.
CFOs are now looking to the post-Covid future. For many, the vision is a changed workplace which will be a driving factor for reconsidering business operating models and finance processes moving forward. What is working? What isn’t, and what will continue to be a pain point? Where are the gaps that need fixing in current finance processes, and how can your employees and finance teams do their jobs with greater efficiency?
During this session we will share and discuss practical advice and insights based on recent experience
• How much has changed in the past 12 months? How different is your organisation and the role of the CFO?
• Identifying obstacles with current finance processes. What’s working. What’s not?
• How can you bring forward digital transformation? Positioning this internally, maximising the opportunity and adapting to change quickly
• Transforming the finance team into a solutions provider and business enabler - How can CFOs be true business partners?
• Reducing costs and driving efficiencies through process improvements
• Become a data driven organisation, engage and retain and develop staff and deliver better data and cash flow insights
• Technology as the saviour - How having the right technology in place now can help navigate future uncertainty
• How can CFOs Drive Change? Getting started and practical advice on the next steps…
Within this presentation, Andrew Chapman will talk about How Finance Teams Can Reduce Costs and Drive Efficiencies In Times of Uncertainty? and then will break off into a panel discussion alongside Kerri-Anne Loring & Tom Marland and together they will discuss the following points:
· Focus on what people are doing to prepare for the future (accelerated evolution of business process)
· Replacing temporary solutions with permanent fixes
· Leveraging technology to help
· Using this time to encourage change (eg travel authorisation process).