Finance Tech Unlimited’s Post

Sapience 2024, our annual management conclave at Great Lakes Institute of Management Gurgaon, hosted an insightful Finance Panel featuring industry leaders Ankit Chugh - Partner, Grant Thornton Bharat LLP, Ashima Chaudhary - Director APAC, Finance Controllers, BlackRock, Ritwick Ghoshal - Executive Director & Head - International Business & Family Office, Centrum Wealth, Vishal Chowdhry - Director - Finance, Keysight Technologies. Moderated by Dr. Kirti Sharma, the panel explored the theme "AI for All," focusing on how AI is reshaping the finance industry across various sectors. The discussion emphasized the growing impact of AI and the necessity for finance professionals to adapt to these technological advancements. Key insights included the application of AI in diverse financial areas such as family office management and fund management. The panelists highlighted the importance of presenting data in a clear and understandable manner to clients, coupled with a shift towards predictive analysis to forecast future trends rather than relying solely on historical data. This forward-looking approach was deemed essential for major companies to avoid pitfalls like those seen during the 2008 financial crisis. The panel also underscored the integration of human intelligence with AI, stressing that while "data is gold," human insight remains crucial for effective interpretation and decision-making in the finance sector. #Sapience2024 #FinancePanel #GreatLakesInstituteOfManagement #AIinFinance #FinancialInnovation #PredictiveAnalytics #DataDrivenDecisions #AIforAll

In our recent panel discussion on how CFOs can unlock their organization’s hidden value in volatile times, Tanushree Bagrodia, CFO, Laxmi Organic Industries, shared her three key insights on tackling disparate data: •She emphasized the need for a master data management role to ensure data cleaning. “It starts with cleaning your master data—if your master data is unclean, everything else will be unclean.” •“The more customized the system, the more problems you'll encounter, especially in larger, spread-out organizations.” Therefore, she recommended using standardized software across the company, with one software application for each specific function. •Lastly, she focused on partnering with a good firm for 100% data audits to help identify exceptions and ensure data integrity. Discipline in data management is key. Click here to read the session summary: https://lnkd.in/gYbq4p6V NEC Corporation India Pvt Ltd. NEC Asia Pacific Pte Ltd TASConnect #cfo #finance #automation #masterdata #business #cfoinsights #economistinsight #economy #supplychainfinancing #valuechain #ERP

5 main benefits of adopting technology for CPA firms 1. Enhanced Efficiency: - Technology automates repetitive tasks, reducing manual effort and streamlining workflows. This efficiency allows CPA firms to handle more work in less time, boosting overall productivity 2. Improved Accuracy: - Automated calculations and data entry minimize the risk of human error, ensuring greater accuracy in financial records, reports, and compliance-related tasks. This enhances the reliability of the firm's services 3. Advanced Client Service: - Technology facilitates real-time collaboration with clients, offering immediate access to financial data. This not only strengthens client relationships but also allows for timely decision-making and advisory services 4. Data Security and Compliance: - Advanced technology provides secure storage, backup solutions, and encryption, safeguarding sensitive client information from potential data breaches. It also aids in maintaining compliance with evolving tax laws and financial regulations 5. Strategic Insights and Business Growth: - Data analytics tools offer valuable insights into financial trends, enabling CPAs to provide strategic advice. Technology supports business growth by allowing firms to scale with increased workloads and expand client bases efficiently #AltQuad #AQGuides #automation #technologybenifits #datasecurity #technologyimplementation #growcpafirm #accountingfirm #smartsourcing #CPAfirms #businessgrowth #offshoring #staffingsolutions #offshoreaccounts #offshoreaccounting #cpafirmstaffing #smartsourcing #globaloutsourcing #dataanalytics

🌟 Facing challenges staffing your #finance department? You're not alone. According to a recent The Wall Street Journal report, nearly 600 U.S.-listed companies reported accounting and finance personnel challenges– an alarming 40.6% increase over the past three years. 📈 Outsourcing could be the game-changer you need to overcome these hurdles. 💼 Partnering with an outsourcing provider to unlock access to global talent pools and streamline your processes, saving both time and money. 🌐 According to Gartner, "CFOs are eager to invest in automation, AI, and other advanced technologies, but only 30% of these projects ultimately succeed." You need an outsourcing partner with the experience and talent to cover the gaps. 🚀 With our Premier Sync framework, we seamlessly integrate with your team, ensuring complementary talent, cultural fit, and brand consistency. 💡 Plus, our continuous improvement techniques guarantee maximum efficiency and #valuecreation. 🤝 Let's navigate the challenges of the talent landscape together to help you achieve the ROI you expect. Learn more in our latest blog: https://bit.ly/3TArRHS #PremierBPO #Outsourcing #Accounting #BusinessSolutions #BPO

Let's have a conversation how we can help co source your teams to increase their efficiency, improve your CSAT scores and reduce your OPEX costs. call me to schedule a meeting @312-933-9948 or email me at rwoods@premierbpo.com #humanresources #management #technology #productivity

"...most enterprise information technology has been oversold and has underdelivered. PwC’s focus on getting the most from technology that clients have already acquired and addressing process debt...all while delivering value quickly and transparently strikes TBR as a smart strategy to address an ecosystemwide problem.” Read more in TBR’s Special Report. https://pwc.to/3tKuWw6 #outcomesobsessed

Learn how to navigate the #Finance vendor landscape with #GenAI. Sign up now for Deloitte’s upcoming Sept. 11 LinkedIn Live.

🚀 Modernizing Fintech: Strategies for Growth in 2024 and Beyond Deloitte's Fintech Industry Benchmark Survey offers invaluable insights for fintech leaders looking to support growth in the rapidly evolving financial technology landscape. This comprehensive guide, based on data from 100 fintech companies, provides a roadmap for organizations at various growth stages. Key takeaways: 📊 Headcount scaling: The survey shows that early-stage companies require both accounting and FP&A functions to grow, but extreme headcount changes can cause inefficiencies. 🔄 Outsourcing trends: Nearly all respondents outsource up to 25% of their accounting and finance functions, with outsourcing increasing as companies grow. 🔍 Internal audit importance: 46% of early-stage companies lack an internal audit function, while 90% of public companies engage Big Four auditors. 💻 ERP system evolution: Companies transition from basic systems like QuickBooks to more robust solutions as they grow and face increased complexity. 🏛️ Board composition: 87% of public companies have 6-11 board members, with meeting frequency converging to 3-6 times per year as organizations mature. This report highlights the need for fintech leaders to continually evaluate and adapt their F&A systems, technologies, and processes to stay competitive. How is your fintech organization preparing for the next stage of growth ? Thanks to Deloitte for providing these valuable insights, and to the survey participants for sharing their experiences. #FintechGrowth #ModernizingFinance #DeloitteInsights #Fintech , Victor Yaromin , Bilal El Kouche , Neeraj Malhotra , Paulo Stamm de Lima , Geiben Didier APEP - Association Professionnelle des Etablissements de Paiement - الجمعية المهنية لمؤسسات الأداء MENA FINTECH ASSOCIATION

According to Deloitte's Fintech Industry Benchmark Survey, there are clear trends that every fintech leader should watch closely: from leveraging AI and advanced data analytics to optimizing digital customer experiences and building resilient regulatory frameworks. Thanks MEHDI SARDAOUI for sharing it first 👌

🚀 Modernizing Fintech: Strategies for Growth in 2024 and Beyond Deloitte's Fintech Industry Benchmark Survey offers invaluable insights for fintech leaders looking to support growth in the rapidly evolving financial technology landscape. This comprehensive guide, based on data from 100 fintech companies, provides a roadmap for organizations at various growth stages. Key takeaways: 📊 Headcount scaling: The survey shows that early-stage companies require both accounting and FP&A functions to grow, but extreme headcount changes can cause inefficiencies. 🔄 Outsourcing trends: Nearly all respondents outsource up to 25% of their accounting and finance functions, with outsourcing increasing as companies grow. 🔍 Internal audit importance: 46% of early-stage companies lack an internal audit function, while 90% of public companies engage Big Four auditors. 💻 ERP system evolution: Companies transition from basic systems like QuickBooks to more robust solutions as they grow and face increased complexity. 🏛️ Board composition: 87% of public companies have 6-11 board members, with meeting frequency converging to 3-6 times per year as organizations mature. This report highlights the need for fintech leaders to continually evaluate and adapt their F&A systems, technologies, and processes to stay competitive. How is your fintech organization preparing for the next stage of growth ? Thanks to Deloitte for providing these valuable insights, and to the survey participants for sharing their experiences. #FintechGrowth #ModernizingFinance #DeloitteInsights #Fintech