202126 Mar
How COOs and CFOs can work together to create business harmony | Orderwise
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Plus, with disjointed processes and mismatched business portals, payment gateways and marketplaces to contend with, things are easily missed and it’s up to you to come up with a solution. A recent report states, “COOs worry about and struggle with risk management challenges far more than any other aspect of their jobs.”[1] For instance, keeping data safe is business-critical, but it can put you under immense pressure to prevent cyber-attack within the business, and the only true answer is enhanced technology. [2] As a CFO, some of the pressures you face include “digitizing critical business activities and managing cybersecurity, in addition to traditional finance duties.”[3] Tie these in with month-end and year-end closing procedures, and there is no denying you have your work cut out for you. Rather than cutting corners by implementing inefficient technology, it makes business sense to invest in a solution that will stand the test of time. On the flip side, CFOs don’t want to say goodbye to much-loved accounting platforms in the finance department, and the investment of a new ERP solution can easily fit around existing systems.

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