2020 put many things on pause, but enterprise-wide finance transformations were not necessarily one of them. While several organizations did find it necessary to take a step back to ensure the lights were kept on, many felt that the pandemic offered an unprecedented boon to their efforts. According to SSON Analytics, a majority of companies accelerated their digital transformation initiatives in the last year and those transformations were often a key component to what FSSOs were attempting. In this keynote, hear from a Finance Shared Services Head about the transformation their organization achieved despite current conditions.
Shared services has evolved greatly over the years but the argument can be made that in some cases, in the mad dash to prove its worth with flashy valued added activities, some FSSOs have forgotten foundational strategies that can have huge impacts. The pandemic changed all that as people had to work smarter and find wins quickly to keep organizations afloat. Many of these activities revolve around a single necessity: ownership and accountability. In this panel, Finance Shared Services heads will discuss some of these quick wins they’ve found as well as ones that have fundamentally changed how the organization works. Topics will include:
· Strategies to make team members more accountable for targets and results
· Taking a step back for a broader view of business needs, ensuring you’re working smarter, not harder
· When to push employees and when to let them push back: building and maintaining a team mentality for increased productivity and engagement
Cash flow management is always a priority. But what COVID-19 has shown us is that it can mean the difference between life and death for a company. Even for organizations who haven’t been adversely affected by this particular crisis, the next one could be right around the corner, and without risk assessment and scenario planning, they are risking huge disruptions to their customer base and supplier network. Join this roundtable to benchmark with your peers and see who’s an A+ and who needs a tutor.