The FinCon Virtual Conclave
Chief Financial Officers (CFOs) are one of the most important cogs in an organization and they with their financial expertise have the ability to drive companies to script success stories. They play a crucial role in ensuring that corporate processes and other functions operate smoothly and efficiently, as well as shaping the company’s future growth. With the unprecedented changes the world has seen in the last few months, the role of a CFO has become ever so important to ensure the survival of an organisation in these volatile conditions. We are seeing a new breed of CFOs emerging who are looking for deep insights across functions and the business to get an understanding of the future and proof their organisations against shocks. In order to effectively plan for future shocks, CFOs not only need the tools required to collect long-term and multi-dimensional data but also newer software or dashboards to analyse them in changing market conditions. Simply put, more data will help them make more accurate decisions creating a smooth roadmap to a resilient enterprise.
A survey conducted by Gartner indicates that advanced data analytics technologies and tools were a top priority for 82% of CFOs, while RPA and other workflow automation technologies in finance were a priority for 66% of them.
In reaction to these unprecedented times, CFOs must play a critical role in reshaping the organizations, keeping in mind the growth of their business value and the know-how of digital tools and technologies. Decisive action is required, even with incomplete details, but where can one begin to prepare ahead of time? Thus, we at Economic Times take this opportunity to bring to you The Economic Times FinCon Summit 2021 with the theme – Accelerating Business Value with Data/Solving tomorrow’s financial problems with data that outlines critical steps that a finance leader can take across all financial horizons with the help of data, analytics, AI, RPA, Cloud, among other tools and technologies to make bold and constructive moves. The Conference will bring together leading CFOs across industries virtually to engage in discussions to identify solutions, challenges and build a roadmap to becoming more data driven. It will also help you with insights to review and analyse how businesses can truly reap benefits of data strategies.