Insight

CFO of the future: tech enabled

May 8, 2019

Bailey Fisher & SOLDO welcomed CFOs from some of the UK’s fastest growing technology companies to the latest in our series of Finance Leadership Dinners in London.  Together with guest speakers, Darren Upson from Soldo, Craig Fox from Silicon Valley Bank and Mark Ashworth from Oracle, we enjoyed a roundtable discussion focused on the disruptive technologies available to today’s CFO and how they can be harnessed to automate processes, save time and provide higher quality data.

There were numerous & varied opinions from around the table and, with such a vast array of technology available, it’s clear that choosing the right software at the right stage of growth is critical to how beneficial it may prove to be.

The increased options of platforms and apps are seen by some as an agile way of supplementing core accounting systems, whilst others preferred to utilise more traditional options.

What remains crucial is that the skills and experience of a CFO cannot be replaced by technology alone. Combining automated reporting and technology with experience can reduce time spent on menial tasks and allow more time to be devoted to strategic decision making. A common theme amongst the group was the importance of hiring a strong Financial Controller to support and release the CFO from day-to-day tasks and make efficient use of all available resources.

Fintech products remain a disruptive and beneficial addition to the CFO’s toolkit, but should be seen as such, and not a replacement to the role.

Thanks to SOLDO, the multi-user expense account featuring Mastercard® cards, intuitive admin and effortless reporting, for supporting this event, and for the input from our expert speakers.

If you would like to find out more about future Leadership Dinners, please contact Kerry Linsey at Bailey Fisher.

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