9th June 2011
Where do you turn if you are trying to streamline your financial reporting processes? The chances are that you haven’t thought about Enterprise Content Management since it is not a field familiar to most finance professionals. Yet the world of accounting is changing and these days the role of the CFO is as much about marshalling documents as it is about numbers. If you think about the number of trees cut down to produce statutory disclosures of one kind or another you will get my drift. But the management of documents (including compliance statements) requires very different technology from summarizing numbers and as the balance of effort changes from numbers to text the solutions needed to ensure a sufficient level of productivity and control also changes. This is where content management systems have a role to play. I think it’s an area that is going to become much more prevalent in the group finance function and FSN will be following this up in the weeks ahead.