Will 2023 be the year of transformation with a big “T” or little “T”
Next year is going to be crammed full of challenges. China is still locking down vast swathes of its population, war and the threat of war is disrupting energy supplies, supply chains, transport, prices, exchange rates, staff mobility, inflation and consumer demand. The situation is nuanced and complex, with many contradictions within and between the main economic trading blocks and countries.
However, the counterbalance is that change creates growth opportunities for those willing to grasp the ‘nettle’. After all, those organisations that had completely transformed their processes before the pandemic were really well placed to take advantage of the situation.
So the crucial question is should businesses be transforming their financial processes now, in readiness for what is to come, or should they simply have a transformation roadmap and implement step by step. In other words, should they transform with a big “T” or a small “T”?
To help answer this question, Gary Simon CEO and Leader of the Modern Finance Forum on LinkedIn has interviewed two exceptional individuals with deep knowledge of transformation of financial processes.
David Woodall, Strategic Marketing, R2R & Finance Operations advisory at Trintech, and before that was Director, R2R & Transformation at GSK.
Chris Cadden, Director in KPMG Ireland’s Management Consulting Practice. Chris is a chartered accountant and co-leads the tech sector for consulting.