Chief financial officer or CFO holds, sees and analyses financial highlights on his table. Financial highlights include charts of total sales revenue and sales revenue breakdown by geography or region
The Role of CFO in the past was more about improving the processes, internal controls, managing Infra etc.
Converting your organisation into an intelligent enterprise is very critical role of today’s CFO. There are a lot of cloud applications starting from 5 $ per month available. These applications make your life easier cost effectively. Few of them for instances are below,
1. Proposify – Proposal Management
2. Wunderlist – Task Management
3. Telegram – Instant Messaging Application
4. Repricer- Amazon Repricing Application.
It’s very challenging as there are numerous products and each organisation might be using these applications differently. In current world, numerous Ecommerce platform like Shopify, Magento, Prestashop is also available.
As a CFO / CTO you have to analyse which application is suitable to which processes and subscribe for it. One good thing about all these applications are having API’s and can be integrated with your ERP/ Accounting software.
Also, the challenges are how you integrate it with your ERP / accounting software to seamlessly automate your processes instead of someone manually triggering any of it.
At Avaniko, we have helped more than 50 organisations innovatively, turning them into an intelligent enterprise. Reach out to us know to learn more of how to turn your organisation into an intelligent one.
