While the digital finance mandate is not new, recent world events have significantly accelerated the need for finance transformation and automation. Survey after survey shows CFOs are responding with increased speed and spending as they look to reduce business risk, increase automation, leverage finance data and increase agility in the face of business and regulatory change.
For many Financial Services organizations, a finance transformation includes the migration of an ERP and/or GL solution to the cloud. This move brings with it the potential for great business value as well as the introduction of risk to the business.
In this webinar, Aptitude Software, dedicated to the office of finance and the CFO, will discuss the drivers, challenges, and business value of a cloud-first ERP and GL strategy and discuss how to mitigate the risk of moving the these mission critical systems to the cloud as well as the pros and cons of the best of breed vs single-stack approach.
OneAmerica, one of the fastest-growing mutual insurance holding companies in the US, will also be sharing insights gained from their finance transformation journey so far, the business case for change and the business value they expect to drive with the implementation of a cloud General Ledger and subledger approach.
Key Learning Objectives
- Drivers for an ERP and/ or GL replacement initiative as part of a finance transformation project
- The ROI and business case for a Finance Modernization program
- Best of breed vs single stack approach
- Benefits of rationalizing multiple GLs and migrating to a single cloud General Ledger
- Inherent risks in a move to a cloud GL and how to mitigate them
- The role of a subledger in maintaining a thin, standardized GL
- Positive impacts on the finance team and wider business
