How Technology is Evolving
the Role of the CFO
Matt France, CFO
GCE
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CFO at the Center
The role of the CFO is evolving as the enabler of the
organization to make informed business decisions and
drive the speed in which decisions are made.
The enabling effect is multiplied throughout the
organization as the distribution of information improves
performance and productivity.
There are emerging business models using financial
management tools and back office solutions that are
changing the way information is recorded and shared.
Technology Evolution Emerging business models are changing the way we are
able to do business
Cloud computing enables on-demand access to a
shared pool of resources over the Internet.
Software as a Service (SaaS) eliminates the need for
costly and time consuming IT implementation and
maintenance.
Robust Accounting Software empowers organizations to
manage their information and gain access next
generation tools.
Low - We currently do not utilize any of these services / manage ourselves
Medium - we have a few Cloud or SaaS services
High - most of our services are, including critical back office functions
Cloud / SaaS Analogy Staying at a luxury hotel vs building a luxury home
Staying at the beach becomes more accessible via a hotel
than building a home.
The hotel provides additional services that would be an extra
cost to building – room cleaning, amenities (Gym / Pool).
The hotel continuously invests to maintain and upgrade their
service to remain competitive.
Cloud / SaaS On-Premise
Changing the Decision Process
Technology investments have changed for the CFO
Previously technology investments were large-scale
capital expenditures.
Greater risk potential and longer timeline to reach your
desired ROI.
Technology investments become out of date.
Today new alternatives shift the risk model and ROI.
Flexibility to buy a service, evaluate its performance and
discontinue; pay for what you use.
Buying a service ensures the technology remains current.
Empower Your People New technology is changing the decision making process
for your company
Enable the organization to function independently
and prevent the finance department from becoming a
bottleneck.
This bottleneck becomes more apparent as the
organization grows and information is needed faster.
Allow managers to make the required business decisions
within the financial structure and controls you build
around them.
Centralized – all information is disseminated by finance
Partially Centralized – some access but still dependent on finance
Decentralized – Business process owners have direct access to information
Become A More Productive Company
Decentralizing business processes can create efficiencies
End user tools automate processes, improve
communication and create operational efficiencies.
As your organization becomes more involved, they
require end user tools that are different than your
accounting / finance department.
A user friendly experience becomes critical to promote
participation and adoption. This is important to achieve
the information exchanged described earlier.
Role of the CFO
Exert meaningful influence on strategic decisions
In a data driven organization, the person with the best
facts is most likely to impact the desired outcome.
Organizations need to move away from what they
believe as this only captures a limited perspective and
doesn’t leverage all the data available.
Strategic decisions require more than just being
persuasive; credibility is established with sound data and
analysis.
Role of the CFO
New technology and emerging business models provide
solutions to many of the challenges facing CFO’s
In a highly competitive environment, these solutions can
be the difference in gaining a competitive advantage
An IT checklist starts with an assessment of your
organization. For example:
Is your technology due for a refresh?
Is your IT staff one of your largest labor expenses?
Does the technology budget take away from your mission
GCE GCE provides financial management software in the
Cloud to growing and established businesses looking to:
Improve back office capabilities
Gain greater information and insight
Increase your competitive edge
Software as a Service delivered via the cloud.
Built on Oracle eBusiness Suite R12, enriched with best-in-class financial tools.
Complete with on-boarding service and system support.
Company is grounded in technology and accounting knowledge.
Come Visit Our Booth to Learn More or
Ask Questions
Poll results will be on our website
www.gcecloud.com