How can CFOs make a better case for investment in the financial close?
The automation gap in the financial close process has never been greater. FSN’s research finds that only 13% of finance organisations consider that they have fully exploited automation opportunities, with 47% saying they could do more and a third conceding they could do a lot more.
So, the obvious question is how can CFOs better convince the rest of the board of the urgent need for change and what conditions would increase the chances of success?
To help us understand and debate these issues, Gary Simon, CEO & Leader of the Modern Finance Forum interviewed three exceptional panellists with deep knowledge of the Record-to-Report (R2R) process.
- Saskia Poelman is VP Global Finance at adidas and has specific responsibility for the R2R process. She was previously CFO at AS-X and global transition leader at AkzoNobel.
- Dr Harald de Rooij, is Director Group Finance and Control at UNIT4 and, prior to that, was treasurer at UNICEF Nederland
- David Woodall, is Director of Product Marketing at Trintech and former Director, R2R & Transformation at GSK.
Video Series: How to drive automation of the financial close
This video forms part of a wider video series which has been aired over the last few months. FSN’s Gary Simon has been carrying out a series of interviews with inspiring finance leaders, kindly commissioned by Trintech, exploring how finance can drive automation, especially around the close. You can catch up on any videos you may have missed following the links below.