“Digital transformation? We already have lots of technology employed in Finance.” And you’re not wrong – whether it’s an enterprise resource management (ERP) system or finance-focused systems or tools. But the corporate requirement for digital transformation isn’t simply the addition or increased exploitation of technology and data but is, instead, a mechanism for improvement and better business outcomes that just happens to be using technology to greater effect.
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Before I joined Praecipio Consulting, my background was in financial services, so I had never heard of the Atlassian suite of software before. My work-life consisted of strictly Excel, email, and a Bloomberg terminal. Needless to say, I was a bit confused during my first week as to how Atlassian’s software (in particular, Jira) would work with my new role in accounting. The more I learned about Atlassian’s software, the more I asked myself, “How does process management software geared towards developers apply to a financial controller?”
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This is the first installment of a 10-week series. Each Thursday we’ll (a) pinpoint a hotspot, (b) offer context and possible solutions, and (c) ask for answers from the crowd. So, enjoy – and contribute!