The finance function of any organisation is often referred to as the ‘engine room’. This crucial component keeps the business running good financial health and operating efficiently. Technology has accelerating in finance over the last number of years. It is becoming increasingly clear that the function will only be able to thrive and really add value to the organisation it supports by actively embracing the tools that technology can offer.

This session will explore the ways in which technology can harness and drive improvements across the finance division:

• Streamlining payment systems and utilizing financial software to issue invoices, credit notes and collect vendor payments will allow organisations to benefit from a higher level of consistency, speed and efficiency
• Setting approval limits and automatic, next step approval escalations so that there is significantly less delay in invoices or other documents moving through various steps
• Ensuring the safety and security of highly sensitive data with the adoption of technology, providing features to only give strict access control
• Utilising smarter reporting functions to gauge the performance of the various parts of the finance divisions, from invoice payment lead time to total outstanding debt and supplier/vendor performance