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Topics: ERP and Analytics, ERP and Technology, Digital Business and ERP, ERP and Data, ERP and Digitization
If I had ever, in my youth, invented an acronym, I believe it would have been ‘GARR’. GARR represents the repetitive processes that countless financial workers have suffered through since the invention of…well…finance. Finance, almost by definition, requires attention to detail, and for a finance worker, the details are in the data. And if you rely on data, then somebody needs to GARR:
Topics: ERP and Financial Management, ERP and Analytics, ERP and Technology, ERP and Data, ERP for Finance
It’s a fascinating time to be in finance, especially for those of us who enjoy a challenge, change, and personal growth. For those who don’t, the way ahead could be tough. Industry 4.0 becomes the prevailing paradigm for manufacturing, finance, new technologies, collaborations and new ways of thinking need to be embraced.
Topics: ERP and Financial Management, ERP for Manufacturing, ERP and Analytics, ERP and Technology
As I noted in Part 1 of this blog, financial workers have always been at the forefront of data collection, structure and management. That doesn’t mean, however, that our careers are impervious to obsolescence. Industry 4.0 is a technological revolution, and this is no time to rest on our pre-transformation laurels. Everyone in the finance ecosystem needs to be on top of incoming technologies, and understand, as best as one can, their long-term implications.
Topics: ERP and Financial Management, Technology (or Enterprise Technology), Digital Business and ERP, ERP and Digitization
With all the current discussions about Industry 4.0 and the digitalization of industrial value chains, it seems to me that people sometimes forget to mention my own field of endeavour: finance. I suppose that’s not surprising. Finance, alas, may not be the sexiest component of the evolving Industry 4.0 value chain. When the awards are handed out, it’s the men and women implementing automation to the shop floor, introducing AI-backed chat bots into enterprise-wide collaborative networks, or applying predictive analytics for enormous savings in inventory and logistics, who go home with the ribbons, the accolades, the admiration and the Internet articles.
Topics: Digital Business and ERP