To stay relevant and make impact in your organization as a finance professional, it is essential to be able to rely on CFO Technology that is constantly evolving. For this, the principle of Continuous Improvement is essential. Why should you pursue this principle as an organization? And how do you do it? In this webinar, Stephan de Wit explains!
Why Continuous Improvement (CI)?
Because of both internal and external factors, organizations are experiencing how dynamic the landscape is in which they perform. Financials especially notice this; after all, they are the ones who have to manage the fluctuating financial data thus created. Instead of constantly reacting reactively, you want to set the course proactively by anticipating the facts. As a financial, you cannot then operate purely as a data collector. You have to operate as a data modeler, process manager, intelligent solution provider and data analyst in order to assume a more focused advisory role. Intelligent CFO Technology platforms provide support for this, but even this technology must constantly reinvent itself in order to remain relevant in the dynamic landscape. The continuous adaptation of data, content, reporting and planning models into more relevant and impactful information for your organization and stakeholders is what we call Continuous Improvement. Starting point: creating an adaptive CFO technology system focused on change, cost savings, increasing efficiency and improving decision-making capabilities. Result: cost reduction and increased efficiency.
How does the Continuous Improvement (CI) approach work?
Applying the Continuous Improvement approach rests on a few core principles. First, it is crucial that CFO Technology have a solid foundation; only on a strong foundation can projects and technological developments be successful. In addition, it is essential to look ahead. Looking only at the technology you need today or tomorrow is insufficient; focus on what will support your organization in the future. Third, there is no need to go big right away; on the contrary CI encourages taking small impactful steps. Projects that are too big cause stress and take a lot of time; small, manageable steps are more effective. Also, the CI approach requires your organization to be innovative. CI is about constantly generating new models and insights; as an organization, you must be willing to pursue this. In the case of CFO technology, CI aims to extend the life cycle of products, platforms and parts of the organization, keeping them relevant.
Webinar
In the webinar 'Continuous Improvement | Keep your CFO Technology platform relevant' Stephan de Wit explains concretely how Continuous Improvement keeps your organization relevant. When do you initiate CI, what does the implementation look like practically and what are the examples and experiences of organizations? Register and watch the webinar right away!
To drive Continuous Improvement, it is important to establish a centralized team within your organization, the Center of Excellence. What can you imagine in such a team and how does it optimize your CFO Technology landscape? Click here to see a webinar about that. In another webinar Stephan explains step by step how to implement CFO Technology in a smart and integral way in your organization according to the IBP Roadmap, click here.
