TECHNOLOGY

Technology is always changing, adapting and improving. ECFO believes that for financial technology, it is important for companies to stay up to date with their systems and processes to understand their opportunity for optimization and higher efficiency. Sound technology, wielded correctly, makes better financial leadership possible giving you transparency and insight into your business to underpin competitiveness, agility and adaptability.

A major part of the work of a CFO or Controller is driving digital transformation and the adoption of digital tools to not only improve financial operations performance but bring value to the whole company. Implementing an ERP system is one of the clearest paths to lead change to improve process and provide structure for an organization. However, lack of experience in implementing these systems can lead to costly mistakes and inefficiencies. Failure to optimize ERPs in particular can hurt a company’s value, delay their public listings, prevent mergers or divestitures, or lead to poor financial controls and fraud.

ECFO has been successfully helping companies achieve better insights into their businesses with digital transformation since 2002. Maintaining an agile approach, ECFO’s success has been due to leveraging a team approach which includes the direct users, have leadership that includes operation managers, CFOs, IT, and CMAs. Working closely and understanding IT and software teams have also allowed us to succeed where others have not.

From payment to HR tool applications, to a wide range for SASS and Cloud based ERP systems, ECFO has often used its digital transformation approach within its CFO Services scope to drive change and repurpose the financial team as a multinational shared services center to increase speed, efficiency, and reduce headcount.