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Digitisation

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The sudden spike in the Covid-19 cases, followed by the restrictions and lockdowns, has massively impacted every business and the Indian economy. Companies are reeling under challenging situations due to supply chain disruptions and social distancing norms in place for an unexpectedly long time. During such unprecedented times, it is critical to keep track of the company’s cash flow, which is the mainstay for any business. To do so, the CFOs need to focus on…

The cascade of manual processes underlying global trade has a lot of scope for a CFO to automate them. Read to know how CFOs can bring a difference in Global Trade Management. Today, the expectations of a CFO’s role have diversified and increased encompassing a wide range of issues, from risk management to more significant support of the organisational strategy. As such, the rapidly expanding array of data being gathered within all major functions has…

Global Trade Management (GTM) is gaining pace with digitisation and in the process has significantly increased the business opportunities, the following blog highlights the factors influencing it. The Indian economy has become global as economies around the world are increasingly expanding their businesses and services. An even more justifiable reason is the evolving new information technology and technology-based business models. Businesses can make their presence felt and grow their revenue by finding new avenues and…

Applying digital technologies to finance processes will create more efficiencies, insights, and value over the long term. An emerging concept in many organisations is digital finance. Today, CFOs are yet to completely join hands in digital-transformation efforts, even though they own and manage much of the relevant business information that feeds such initiatives. CEOs and boards want CFOs and the finance function to provide real-time, data-enabled decision support. The onset of innovative technologies plus a…