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Technology investments become out of date.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