Webinar: Finance Transformation Digital Summit
Date: June 30th Time: 0800- 0845 US ET/ 1200-1245 GMT
Topic: GBS.NXT – Evolving Finance GBS in the post Covid world
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About the webinar
The GBS organisation had to morph rapidly to manage the COIVD-19 pandemic. Most of them pivoted from the focus on process improvement to leaning on process resilience e.g.; ensuring a smooth quarter-end or year-end close, paying vendors on time and managing collections.
Given that, according to medical experts, COIVD-19 is here to stay in some form , how will the “New Normal” look?
How will GBS organisations adopt to the three speed recovery ( a V shape recovery for technology industry, U shape for manufacturing and a L shaped recovery for travel, hospitality & Energy industries) Join us for this session to hear senior practitioners share their experiences and insights on GBS.NXT
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Key Highlights
THE “NEW NORMAL”
Remote working
Accelerated digitalization across the business
Automated controls
Overall pace of transformation
BUSINESS AS USUAL (AND BEYOND) IN UNUSUAL TIMES
$864M+
invoice value processed
invoice value processed
179
legal entities
legal entities
$70M
settled claim value
settled claim value
150,000
claims settled
claims settled
40,000+
invoices processed
invoices processed
9000+
queries handled
queries handled
7000+
journals processed
journals processed
FINANCE GBS TRENDS
Close Cycle:
Continuous accounting
Talent Change:
Gig working, technology knowledge, analytics
Invasive Compliance:
Mass control approach and real-time filing
Integration as a Service:
Proliferation of connection methods such as API, UBL, and newer technologies like IaaS
Extreme Automation & AI:
Machine learning at scale and AI-based insights
Self-Service:
Mobility-enabled self-service
Consolidation:
Light platforms vs. heavy ERPs
Speakers
Rizwan Malik
CFO, Markem-Imaje
