In this short 10 minute video interview Gary Simon, Chief Executive of FSN and Leader of the Modern Finance Forum on LinkedIn talks to Alistair Roman a long-standing member of the Modern Finance Forum and accomplished interim CFO, overseeing digital transformation in some of the world’s leading businesses on financial close automation.
Alistair draws upon his experiences from his time as Group Finance Director of the Post Office, Global IT Finance lead at BP and Global Director of Finance & Operations at Verisign as he sought to implement change around the financial close process.
In particular Alistair and Gary touch upon the stumbling blocks to an efficient close, be that lack of standardisation, lack of automation or complexity of the process itself and what the barriers were to driving change and improvement through the close process.
Encouragingly for CFOs Alistair talks about how he overcame many of these issues and how CFOs can encourage investment and importantly make the business case.
This is an insightful video and one not to be missed for any CFO looking to modernise their close process.
Video Series: How to drive automation of the financial close
This video forms part of a wider video series to be aired over the next 3 months. FSN’s Gary Simon will be carrying out a series of interviews with inspiring finance leaders, kindly commissioned by Trintech, exploring how finance can drive automation, especially around the close.
Related LinkedIn discussion
One of 2021’s most lively discussions looks at “why half of finance automation projects are failing and how can we turn the tide? The FSN Modern Finance Community discussed this issue at great length. Read the 86 comments here.
WHY ARE HALF OF FINANCE AUTOMATION PROJECTS FAILING? FSN’s newly released research shows that 46% of finance automation initiatives failed to improve process efficiency and throughput!
HOW CAN CFOs MAKE A BETTER BUSINESS CASE FOR INVESTMENT IN AUTOMATION?” What do you do if the board cannot see the light? How do you persuade a reluctant board to invest? How can you make the best possible business case for finance automation?