WEBVTT 1 00:00:01.200 --> 00:00:09.306 Modernizing finance means to me finance is becoming more automated in their technology, it is moving to a 2 00:00:09.307 --> 00:00:19.014 unified platform where they're able to do more processes that they need to do at the same time so running like consolidation, planning 3 00:00:19.015 --> 00:00:28.521 forecast, regulatory all-in-one so they have one single source of their data that is auditable and it has traceability 4 00:00:28.522 --> 00:00:38.029 and that they're able to trust and to provide confidence when they do the results and also when they're looking forward for the plans. 5 00:00:38.030 --> 00:00:47.536 And it also means efficiencies, so they've got to speed up their normal day jobs where you're doing the rigorous data collection, data processing 6 00:00:47.537 --> 00:00:57.044 so they have time to be strategic which is what their real goal is supposed to be: is to be strategic and to be advising the CEO and 7 00:00:57.045 --> 00:01:06.351 all their stakeholders, shareholders on best guidance for business decisions of the company. The CFO and the Office of Finance 8 00:01:06.352 --> 00:01:16.059 are facing a lot of challenges today meaning that they want them to be more transparent, they want them to be more detailed 9 00:01:16.060 --> 00:01:25.566 they need to be more forward-looking and they already have forward-looking plans and long-range plans but they need to be at a lower level 10 00:01:25.567 --> 00:01:35.074 more accurate and they also need to be forecasting more often. So they're getting into the continuous planning, continuous forecasting 11 00:01:35.075 --> 00:01:43.181 which is only able to be done if you have a system that can match that requirements. 12 00:01:43.182 --> 00:01:54.089 They're also facing regulatory challenges, there's new complex regulations where you're going down to a lower level of data as well, going down to the contract 13 00:01:54.090 --> 00:02:03.596 level so there's just a lot of data that they need to now capture in their systems and get a hold of data that may have been outside 14 00:02:03.597 --> 00:02:13.104 in Excel or other systems and now they need to harness that and have that all under their control. Finance transformation platform 15 00:02:13.105 --> 00:02:22.611 basically can provide all that for them in one simple solution having the consolidation, the planning, the forecast, the ability to do 16 00:02:22.612 --> 00:02:32.104 the rolling forecast and now at a deeper level with the analitycal information hub to provide that fully transparency that they need.