Technology and the changing role of the finance executive

"Businesses and specifically financial professionals need to understand their own business processes enough to evaluate systems and their ability replace or integrate with existing processes, and we are able to assist them with this," says Marius Fabian, the MD of SAP ERP solutions provider 4most, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.


Johannesburg, 08 Jul 2016
Technology and the changing role of the Finance Executive.
Technology and the changing role of the Finance Executive.

Register now for the Finance Indaba. Limited FREE tickets valued at R1000 with invitation code: FI170 compliments of 4most.

To state that technology is impacting and changing not only industries and business models but operational roles of executives overall is not a new revelation. Finance remains at the centre of this shift and transformation, with the Financial Executive no longer just the record keeper of business transactions, but a strategic player involved in elevating the financial performance of the business. In five years from now, a finance team may be defined by how well it uses technology and innovative business tools, regardless of what industry it's in, according to a recent CFO.com article by Deloitte COO and CFO Frank Friedman.

How do Financial Executives keep a firm grasp on new trends and technologies? According to Arlen Shenkman, Senior Vice President and CFO at SAP North America, Financial Executives not only need to understand the current technology their business relies on, they need to be really attuned to what their competitors are doing and with new offerings are in the marketplace. Because not only do they have an opportunity to help them change the way they operate their business, they also have the opportunity to make their job easier and give them more insight into what's happening.

As a conference for financial professionals, the Finance Indaba, is set to create an environment unique to the finance sector, which presents insights into, among others, the technology and services available to make informed choices.4most Systems, a leading SAP Business One solutions provider and ERP Consulting firm, as well as a gold partner at the Finance Indaba, is focused on advising businesses on how best to use technology to meet their business requirements.

"With 47% of the business professionals we consult with being financial executives (the other 53% consisting of business owners, managing executives and technology executives) we have a deep understanding of the challenges these professionals face," says Managing Director Marius Fabian.

"More and more they find themselves in a position to verify if their business applications are able to support their processes, information needs and reporting requirements and to enable profitable business growth through efficiency," he continues. "The major challenge that financial executives face is the availability, transparency and integrity of the data which they require to make accurate decisions. This is as a direct result of the complexity of their current system, or lack of systems that support the business processes of the company."

This evolving role of the financial executive now demands that they play a key role in sourcing and selecting ERP Solutions. "The selection of an ERP system represents a major investment in time, capital and attention from the financial executive, and that being said we understand the challenges that they face in sourcing and deciding on a solution that offers," says Fabian.

"Businesses and specifically financial professionals need to understand their own business processes enough to evaluate systems and their ability replace or integrate with existing processes, and we are able to assist them with this," he concludes.

If you are a financial executive and would like to network with peers, technology suppliers such as 4most, banks, finance specialists and thought leaders, attend the Finance Indaba on the 13th and 14th October 2016.

Register now for the Finance Indaba. Limited FREE tickets valued at R1000 with invitation code: FI170 compliments of 4most.

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4most Systems

4most Systems provides world-class, individually tailored and innovative business solutions for small, medium and large enterprises across industries and sectors. Established as an SAP Partner in 2004, it delivers ERP solutions utilising SAP Business One at the core.

With offices in South Africa, Botswana and Namibia as well as a growing economic footprint across Africa, 4most has implemented over 3000 SAP Business One Users across numerous industries and has supplied services to more than 150 companies.

These services include the implementation, hosting, on-going support, maintenance, customised software development, and application modifications of ERP software systems as well as SAP user and certification training

Website: www.4most.co.za

Why Us?

4most truly partners with its clients from the very beginning. It seek to fully understand their business and daily operational processes, it then addresses their requirements whilst sharing our knowledge and expertise and best advise them of industry standards and best practices. It provides a clear project plan detailing roles, responsibilities and timelines and it remains with its clients as they grow and helps them to define their future business.

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