Mixing Finance with IT

Will there be one day where we don’t need finance managers and financial controller. The finance organization has come long way to reduce manual journal entry and process most of the transaction using IT system. But still most of the company need accountant to close their monthly, quarterly and yearly accounts.

Frequent changes in financial standard makes controller role more secured.

But with implementation of IT, finance department has taken addition responsibility on providing real time information related to operation in financial dollars. This has transform finance department to provide financial information before closing to operation team and reduce surprises.

My advice – Controller need to learn and understand company financial system and be smart to generate dashboards and matrix to reduce controllership risk.