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Digital Finance – Preparing companies for the new normal

unwiredcp2020-11-06T05:00:53+00:00

Overview

The Coronavirus pandemic has showed us a dystopian side of life on earth that we could have not imagined easily. One does not need to be a clairvoyant to see how we are struggling to maintain balance between a life-threatening disease and living a normal life.

Similarly, many businesses are facing challenges daily and working towards in solving one problem at a time in order to stay in race. According to the World bank, the world economy is facing its worst recession since World War II and growth is expected to shrink by 5.2 per cent in 2021. Even as several governments across the globe announced relief packages to rescue their economy, many of them will have to face a downturn at least for the short term. Still, the crisis has encouraged incentives for economic transformation and adoption of digital business models.

What we have seen in past couple of months, a high jump in technological advancements throughout the sectors and across functions. Finance being one the function which has been working around the clock since the pandemic hit the world, in order to keep the companies afloat. There have been many down sides to covid-19, but we must say it has fast tracked the digital transformation in businesses. Social distancing and protecting our selves have become a new normal, which has ignited the digital payment methods across levels.

We must adapt to new normal with tools and technologies at hand, together with better strategies we would be able to sail through this current pandemic. Usage of AI and big data is becoming a new normal in setting goals and taking leadership level decisions.

This session will focus on the many facets of the finance domain. It is designed to deliver a summary and practical information to help you understand how digital finance has changed in past few months, role of fintech, AI & big data.


Speakers

Arnab Roy
Executive Director & CFO
Schneider Electric Infrastructure Limited

Aggregate professional experience of 23 years primarily with US , British and French MNC’s handling Finance, Accounts, Tax, Operations, Supply Chain, HR, IT, Admin & Regulatory Issues

CFO & Head of Operations for last 14 years with US & European MNC’s & member of country and APAC leadership team. Have done 5 P&L CFO roles over this period with organizations like Schneider, GE, Tyco Healthcare, G4S and Herbalife.

Prior to the CFO role worked as Controller for 4 years with US MNC handling entire Finance & Accounts.
Currently Executive Director & CFO for Schneider Electric Infrastructure Limited & Finance Business Partner for the Energy business for last 3 years plus (since March’17) , a listed company responsible for the medium voltage and transformer business of Schneider in India.
Prior to Schneider was CFO – South Asia of G4S Plc, a UK based company and Finance Transformation Director with a global responsibility reporting to the Group CFO for this responsbility
Prior to G4S, with GE as Supply Chain CFO covering the manufacturing and sourcing portfolio of GE for all business with a P&L span of 2.2 Bn USD. Prior to that as CFO for the Industrial Solutions business of GE in India
Prior to GE , as CFO and Director Operations for Tyco Healthcare with a South Asia responsibility
Prior to Tyco as CFO and Head HR – India for Herbalife a US company
Prior to Herbalife as Controller with Timken. A Tata Group Company

Education: An Economics Graduate and a Professional Accountant by qualification, have done an Executive MBA from IIM-Bangalore. Certified Black Belt in Six Sigma from GE.

Other Interests – A regular speaker in various finance and industry forums. A visiting faculty in past with XLRI Jamshedpur in past for 4 years when part of Tata Group at Jamshedpur.

Previous Board Stints – Executive Director in Tyco Healthcare and G4S India, along with CFO responsibility and part of Board

Close

Nikhil sharma
Partner – Business Consulting
EY India

Nikhil Sharma is a Partner with EY’s Business Consulting practice in Gurgaon, India. His role includes conceptualizing, designing and delivering large scale operating model transformations for companies to deliver agility, effectiveness and efficiencies for services. He also looks at the next generation capability and talent re-think for Global Business Services entities for some of the world’s largest companies.
With over 18 years of experience, Nikhil has been supporting clients to solve their strategic business issues using emerging technologies.
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Nitin D Parekh
Group Chief Financial Officer
Cadila Healthcare Limited

Shri Nitin Parekh is serving as the Group Chief Financial Officer in Cadila Healthcare Limited, the 4th largest Pharmaceutical Company of India with an annual turnover of more than Rs.14000 crores and has 35 years of post-qualification experience. He possesses six qualifications like B. Com., LL.B., CA, CFA, MBA from IIM, Ahmedabad and MBA in Pharma Management from ICFAI University He has very rich experience of banking, M&As, cost rationalization, taxation and other finance functions. He is also in charge of IT and legal functions of the group.

Shri Nitin Parekh is recipient of 16 different awards in last 10 years, including “League of Excellence 2020” award from CFO, India, the Best CFO in Healthcare sector for 2012 and 2017 by Institute of Chartered Accountants of India and Business World-Best CFO of India Award 2017 for Healthy Balance Sheet Management-Large Corporates. He has penned a number of articles, related to academics and professional topics, which are published in leading newspapers and magazines. He is a regular speaker at several forums including Big 4 firms, CRISIL, CARE, Dun & Bradstreet, ET Summit, CFO India, IIM-Ahmedabad, IIM-Udaipur, CA Institute, CMA Institute, ICFAI business school, Nirma University etc.

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Agenda

03:30 – 03:50

Registration

03:50 – 03:55

Opening address by Et Edge

04:00 – 04:40

Panel Discussion - Preparing companies for the new normal

 

  • Digital finance before COVID-19: A retrospect
  • Changes in the finance landscape - Effects of COVID-19
  • The role of Fintech in times of uncertainty - Lessons learned
  • Adapting to the new normal with the help of tools and technology
  • Using COVID-19 to drive greater effectiveness in finance
  • Setting goals and achieving better strategic outcomes using tactical tools like AI and Big Data

04:40 – 04:45

Q&A from audience and closing




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  • About Us
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  • Webinars
    • Upcoming Webinars
    • Past UnWired Sessions
  • Masterclass
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  • Contact


Contact Us

  • Address:: Lotus Corporate Park, 19th floor – 1902 and 1901, G – Wing, Off Western Express Highway, Geetanjali Railway Colony, Laxmi Nagar, Goregaon (East), Mumbai – 400063
  • Email:: etunwired@et-edge.com

Recent Webinar

Modernizing Data Management

As organizations realize the benefits of digital and cloud transformation, it has resulted in a further increase in pace... read more

Unlock And Scale

There is no better approach to solving challenges than the famous saying “two heads are better than one. Harnessing the... read more

Innovation stories of India

read more