You’re watching a Future Office of the CFO Minute – where you’ll find timely perspectives designed to equip financial executives for strong, future-ready decisions. Hosted by John Siefert, Acceleration Economy Network Co-Founder and CEO, this series features discussions with Manny Korakis, a Senior Level Finance Executive at a multi-national corporation. In this episode, Manny offers CFO insights to better understand the collision of technology & finance departments from a data perspective.
00:08 – John sparks up a conversation on the merging of technology and finance departments. He refers to it as a Collision Course. Furthermore, he questions what it might look like from the data side.
00:27 – Manny shares his experiences and insights with this Collision Course from a data perspective. First, he considers how organizations look at data through an IT lens. For example, he discusses how data flows through systems, points of entry, and more.
00:47 – It’s essential for businesses – especially finance departments for CFOs – to have a grip on the position of their data. Also, they need to ensure that it’s accurately capturing the right data.
01:10 – Now, Manny discusses the importance of finance departments understanding data. For instance, those who work in these departments should understand how data is managed, entered, and flows throughout their business’ systems. Additionally, it’s important to know how to use these pieces of data to better understand and strategize within your department.