PodChats for FutureCFO: Making finance transformation a reality

Finance leaders are increasingly focused on digital transformation initiatives despite having to deal with other pressing issues like revenue, profitability, skills shortage during these periods of continuing uncertainty.Granted we’ve had two years to adjust to the new ways of doing business and working, uncertainties are always more pronounced during times of heightened crisis – as when there is a new round infection outbreak.The 2021 Gartner CEO Survey: The CFO Perspective noted that 82% of CFOs report investments in digital are accelerating, exceeding investments in other areas like talent, supply chain, business services or fixed assets,Should digital be the be-all and end-all of the CFO’s priority in 2022? In today’s PodChats for FutureCFO, we are joined by Mr Goh Yin Shian, Finance Director, Teckwah Industrial Corporation Ltd – a Singapore company best known for the manufacture and distribution of paper packaging products.1.     Do you need to transform finance to enable (facilitate) a more holistic business transformation? 2.     What is the role of finance in a digitally transformed enterprise? 3.     Do you believe that continuous process optimization is the foundation for sustained competitive advantage? 4.     Reviewing your process and technology direction, what one area would you like to see improved/changed upon? 5.     How would you rate your finance team’s competency to drive successful transformation? Which one area do you think the team struggles the most? 6.     Do you believe you are equipped to meet your sustainability objectives? 7.     Where do you expect your focus (as finance) will be in 2022? [sustainability]8.     Where is the finance organisation on its transformation journey? 9.     If the overarching goal is to create a sustainable transformation of finance, what more needs to happen?

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