DIGITAL FINANCE

LEARNING OBJECTIVES

Digitization of the finance function provides a competitive advantage: not only is there efficiency gain, there are also new strategic insights that competitors may not have. Digitization has little to do with the size of the budgets. The technology itself will be available for every finance professional. The questions are: will the finance function be able to use the tools efficiently? And can the finance function deal with “change”?

In today’s digital world, the finance function must become more efficient, more flexible, more forward-looking, more decisive and more effective. There is no other option for the finance function then to become fully digital. More than ever, finance must be able to respond to the demands of all stakeholders in the company in order to have the right information at the right time. This means that finance needs flexible information (processing) technologies.

If the finance function does not start its digitization project today, it will very soon lose its leading role in the company. But digitizing is much more than just installing tools. It also impacts the underlying processes and most of all the employees. New skills and competences will have to be developed.

In this module we mainly focus on the possibilities that new, disruptive technologies entail and how you can use them meaningfully in expanding your finance function. Other aspects of digitization are also covered in the modules on leadership, high performance finance function and innovation.

• Get insights into the possibilities and limitations of new technologies that potentially have impact on the financial processes

• Gain confidence. You will be a worthy conversation partner of the IT department and external suppliers with regards to strategic and tactical technology choices

• Understand both the technological and non-technological requirements to make digital projects successful

• Learn about available tools that will help you to lead a successful digitization process. Learn to make a business case and calculate the ROI of a digitization process

• Get insights into how finance can adjust its processes and business partner role if the company chooses to become a truly digital business

DAY 1

Overview of the most important building blocks of a successful digital finance function

• Challenges and opportunities for digital finance

• What are the technological requirements that should be in place

• An overview of available tools.

 

Overview of new, innovative and potentially disruptive technologies, that have the potential to make the finance function more efficient. 

For each of the following, we explore: 

• what is the technology

• what are the used cases for finance

• what are the questions you should ask?

 

The technologies we cover are: 

• Artificial intelligence

• Robotic Process Automation (RPA)

• Blockchain

• Voice & new interfaces

• Internet of Things

ABOUT THE FACULTY

GERRIE SMITS

Gerrie Smits is a digital strategy consultant and speaker. With 25 years of experience in industries that got disrupted by the internet, he is a hands-on expert in identifying the impact of tech. He teaches at Solvay’s Digital Transformation Program and was Program Director at Antwerp Management School / KdG of the post-graduate ‘Digital Business’. He’s also the author of ‘Blockchain is WTF’. 

MORE INFO

HOW TO GET THE MOST OUT OF YOUR TRAINING

Combine this module with module "Innovation", "High Performance Finance Organization" and "Leadership" and become the leader of the digital transformation in your company.

Solvay Brussels School

Franklin Rooseveltlaan 42

1050 Brussels

 

The Solvay building is located in the green heart of Brussels, on the edge of the beautiful Ter Kameren forest and a 15-minute walk (or 5 minutes by public transport) from the bustling center of Brussels. If desired, there are numerous
accommodation options (hotels and (air) bnb) in the neighborhood and in the center of the city. Need help?  Do not hesitate to contact us.

1.650 euro, excl VAT

Other price formulas: 

  • You can choose to follow this module in the context of the EMF programme. If you complete all 15 modules in a period of 15 subsequent months, then you pay € 16.000. If you spread it over a period of 3 years, then you pay € 18.000. 

  • Five Module package: 7500 euro / 5x2 modules of your choice. 

  • In-company:  This training personalized as part of your in company: good idea! Call us. 

NEXT TRAINING DATES

FEBRUARY 2020 13-14

 

SUBSCRIBE