Even though CFOs and Controllers are responsible for driving the transformation inside the company, they often have to put the needs of their peers in operations, sales, and HR before their own needs. Also, technology decisions are always about trade-offs. If you make the life of customer-facing teams easier, it would mean that your backend teams might need to work harder to meet the expectations. What systems do finance leaders need to drive finance transformation? Is ERP enough, or do they need more? How to build the architecture that is going to drive the needs of the finance dept?
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss implementing systems for the finance department. We covered many grounds, including several stories of finance transformation, including some horror stories and initiatives that resulted in the growth of the companies purely because of these financial innovations. Finally, we discussed several other concepts such as continuous close, standard vs. actual costing, fixed assets, the chart of account, acquisitions, and finance data warehouse.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.