When Helen Morgan started working at character clothing retailer Character.com in June 2020, she embarked on a digital transformation project, building the roadmap to financial automation.
CFO
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Climate change and the war in the Ukraine are currently top of mind for the CFO, after we’ve just recovered from a global pandemic. Some companies have the urge to go back to basics, but during the recent CFO Executive Dialogue, it was evident that financials lose interest pretty quickly if the basics fill most of their day. Therefore, some companies take it upon themselves to automate repetitive, simpler tasks.
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The automation of routine tasks is at the top of the agenda for Carsten Gram Andersen, CFO of Blue Ocean Robotics. The company markets the brands UVD Robots, GoBe Robots and PTR Robots, which open the door to automated disinfection, rehabilitation and telepresence. Blue Ocean Robotics is based in Denmark, the most digitalised country in Europe; more specifically, in the city of Odense, also known as the “European capital of robotics”. Carsten Gram Andersen sees his primary task as being able to free up as much time as possible to focus on business analysis of the company’s performance because that is where the finance department can really generate value for the rest of the organisation.
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Bots & BusinessInternationalPeople in RoboticsSpotlight
‘Successful automation requires a balanced approach’
Christophe Bollard is a Global Business Services leader with extensive experience in organizational transformation, technology and the Future of Work. He has experienced automation both at the end user side and as a consultant. In this interview with Rocking Robots he shares some of his insights on successfully implementing automation.
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Bots & BusinessInternationalPeople in RoboticsSpotlight
Report: Finding common automation ground between the CFO and the CIO depends on trust and a shared vision for company improvement, agree CIONEXT panellists
by Gary Floodby Gary FloodCFOs know the potential of automation—indeed, some think an estimate that at least 30% of existing business processes could be done by robots is an under-estimate—and many are indeed taking the first steps to roll them out across their organizations. But a lack of easily identifiable, standardized automation targets, combined with calls on their attention from the rest of the business trying to cope with other kinds of digital transformation, is definitely slowing adoption.
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Bots & BusinessInternationalSpotlight
New research: SMEs benefit most from CFO digital transformation intervention
by Gary Floodby Gary FloodWhile Chief Financial Officers (CFOs) are typically involved in financial reporting and investment decisions, little is known about their involvement in promoting and driving digitalisation. Now, it’s possible Chief Financial Officers (CFO) are actually also quietly emerging as the real internal owner of digital transformation–especially if they work for an SME.
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Bots & BusinessInternationalPeople in RoboticsSpotlight
Manutan modernises Finance Department with RPA
Manutan, the European leader in B to B e-commerce specialising in the distribution of equipment and supplies to companies and local authorities, has deployed a Robotic Process Automation solution in its Finance Department.
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Bots & BusinessInternationalPeople in RoboticsSpotlight
‘The best optimisation ideas come from the machine operators’
At Aarbakke in Norway, the Norwegian machine manufacturer that is over 100 years old and which sells parts and equipment worth billions to the global oil and gas industry, the company has created a culture where all employees love to conceive great ideas for improvements, optimisation and automation. This means that Aarbakke’s CFO John Lende receives a lot of valuable input about how to fine-tune the company’s processes even more.
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The role of the CFO is changing profoundly. Their responsibility used to be mainly around financial reporting, but now meaningful reporting on Environmental, Social and Corporate Governance (ESG) is expected from them as well. This means having the right data is key. And to achieve this automation is a crucial ingredient. Reason for The CFO Automation Experience to host a round table on the CFO, ESG and automation.
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Bots & BusinessInternationalPeople in RoboticsSpotlight
The role of finance has to change, and automation is the next step
A growing number of CFOs have automation as a topic on their agenda. On the one hand the Covid-crisis forced transformation, on the other hand there is a more deep-rooted wish to perfect processes to serve the business better. But there is more to automation than just RPA as a tool; people are a key element in this, says Christopher Argent from Generation CFO in this interview with Rocking Robots.