Eric LiawFounder & CEO| Axis Payroll Compliance ConsultingLugarno, New South Wales, Australia
My organization is embarking on a Digital Finance Transformation journey. Being a Manager Finance & Projects, I’m really interested to get onboard and be part of this journey.
I would like to request for comments, feedback, experiences, challenges you encounter in your Digital Transformation journey. Saving Changes...
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Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Let me say that I belong to the Transformation and Innovation EPMO in my actual work place so I am in charge of this type of programs. Second: Digital Transformation does not exists. The only way to be successful is to understand that an organization is an open and adaptable system that interacts with the environment then it must be transformed each time the environment changes. What to transform? The whole enteerprise architecture. The interaction is becuase organizations answer and created stimuli to the environment. Yesterday stimuli source was the human being that directly interact with the organization, today the source will be digital devices, tomorrow do not know. So, your enterprise architecture must be ready for that mainly taking into account the business layer which is the layer that interacts with the environment and it is the driver to define all the others (application, infraestructre, security, information). Think about that, understand the gap between today and tomorrow with focus on your strategy. Then you will have all you need to change for today and being prepared for tomorrow.
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1 reply by Eric Liaw
Mar 04, 2019 5:40 AM
Eric Liaw
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Thanks Sergio for your comments. Our org desired outcome are:
1.Standardisation.
2. Operational efficiency
3. Simplicity
4. Commercial insight.
I noted your comments on identifying the gap between today and tomorrow and what we can do different to close the gap, and yet align to our desired outcome. This is a big challenge because of many legacy systems and processes in our org
Once again thanks for your thoughts
Saving Changes...
RAJESH K LProject Manager, PMP| Bharat Electronics, Bengaluru, IndiaBengaluru, Karnataka, India
In my view, more than challenges, you will have lots of opportunities.
Only thing to ensure is involve all relevant stakeholders during the transformation. Saving Changes...
Lenka PincotChief of Staff to the CEO| Project Management InstituteParis, France
Digital transformation is a complex set of initiatives that goes cross the entire enterprise and should create or enhance your digital capabilities both internally and externally. In other words you can hardly become digital market leader when your employees work with papers, deal with incomplete data, digital data exchange is done via pdf files etc. Good luck with that, it is an exciting journey which includes many aspects. I have experience from manufacturing industry and applying IoT, process automation, employee mobility, digital solutions and big data utilization, I enjoyed the variability of topics to work on.
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1 reply by Eric Liaw
Mar 04, 2019 5:45 AM
Eric Liaw
...
Thanks for your feedback Lenka. You hit the nail with your comment: "you can hardly become digital market leader when your employees work with papers, deal with incomplete data, digital data exchange is done via pdf files etc" This is our biggest challenge because of many legacy systems and processes. This will be an exciting journey in my org and I look forward to be part of the journey.
I'm not a finance person so I can't speak to the efficiency potential from digital transformation, however the structured numerical nature of finance makes it a great fit for integrating data.
A couple of the benefits of moving into a digital environment are the ability to reuse existing data, and to integrate the data between systems/programs/models. The more structured the data, the easier that is to integrate between models. Finance is very structured data. To me it seems like a natural place for integrating data sources.
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1 reply by Eric Liaw
Mar 04, 2019 5:54 AM
Eric Liaw
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Thanks for your feedback Keith. I agree Finance data is very structured. The challenge we've is how to ensure data from third party systems are of good quality and comply with our format requirements before hitting our ERP. We've over 230 inbound/outbound files in our ERP! This is one of our biggest challenge if we decide to transition to a new ERP. I look forward to this journey and hold my nerve when we hit many bumps along the way.
Saving Changes...
Eric LiawFounder & CEO| Axis Payroll Compliance ConsultingLugarno, New South Wales, Australia
Mar 02, 2019 4:37 AM
Replying to Sergio Luis Conte
...
Let me say that I belong to the Transformation and Innovation EPMO in my actual work place so I am in charge of this type of programs. Second: Digital Transformation does not exists. The only way to be successful is to understand that an organization is an open and adaptable system that interacts with the environment then it must be transformed each time the environment changes. What to transform? The whole enteerprise architecture. The interaction is becuase organizations answer and created stimuli to the environment. Yesterday stimuli source was the human being that directly interact with the organization, today the source will be digital devices, tomorrow do not know. So, your enterprise architecture must be ready for that mainly taking into account the business layer which is the layer that interacts with the environment and it is the driver to define all the others (application, infraestructre, security, information). Think about that, understand the gap between today and tomorrow with focus on your strategy. Then you will have all you need to change for today and being prepared for tomorrow.
Thanks Sergio for your comments. Our org desired outcome are:
1.Standardisation.
2. Operational efficiency
3. Simplicity
4. Commercial insight.
I noted your comments on identifying the gap between today and tomorrow and what we can do different to close the gap, and yet align to our desired outcome. This is a big challenge because of many legacy systems and processes in our org
Once again thanks for your thoughts
...
1 reply by Sergio Luis Conte
Mar 04, 2019 9:17 AM
Sergio Luis Conte
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Just to comment, what you listed are the objectives my organization has this year except for the last one. Take into account that this type of initiatives are not technical related. Technology is just one layer into the architecture you have to take into account. Here comes the link to an article the PMI and the IIBA have published and was cited lot of times for others about what I used from years. Perhaps it could help: https://www.projectmanagement.com/blog-pos...-right-solution
Saving Changes...
Eric LiawFounder & CEO| Axis Payroll Compliance ConsultingLugarno, New South Wales, Australia
Mar 02, 2019 6:25 AM
Replying to Lenka Pincot
...
Digital transformation is a complex set of initiatives that goes cross the entire enterprise and should create or enhance your digital capabilities both internally and externally. In other words you can hardly become digital market leader when your employees work with papers, deal with incomplete data, digital data exchange is done via pdf files etc. Good luck with that, it is an exciting journey which includes many aspects. I have experience from manufacturing industry and applying IoT, process automation, employee mobility, digital solutions and big data utilization, I enjoyed the variability of topics to work on.
Thanks for your feedback Lenka. You hit the nail with your comment: "you can hardly become digital market leader when your employees work with papers, deal with incomplete data, digital data exchange is done via pdf files etc" This is our biggest challenge because of many legacy systems and processes. This will be an exciting journey in my org and I look forward to be part of the journey. Saving Changes...
Eric LiawFounder & CEO| Axis Payroll Compliance ConsultingLugarno, New South Wales, Australia
Mar 02, 2019 8:27 PM
Replying to Keith Novak
...
I'm not a finance person so I can't speak to the efficiency potential from digital transformation, however the structured numerical nature of finance makes it a great fit for integrating data.
A couple of the benefits of moving into a digital environment are the ability to reuse existing data, and to integrate the data between systems/programs/models. The more structured the data, the easier that is to integrate between models. Finance is very structured data. To me it seems like a natural place for integrating data sources.
Thanks for your feedback Keith. I agree Finance data is very structured. The challenge we've is how to ensure data from third party systems are of good quality and comply with our format requirements before hitting our ERP. We've over 230 inbound/outbound files in our ERP! This is one of our biggest challenge if we decide to transition to a new ERP. I look forward to this journey and hold my nerve when we hit many bumps along the way. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Mar 04, 2019 5:40 AM
Replying to Eric Liaw
...
Thanks Sergio for your comments. Our org desired outcome are:
1.Standardisation.
2. Operational efficiency
3. Simplicity
4. Commercial insight.
I noted your comments on identifying the gap between today and tomorrow and what we can do different to close the gap, and yet align to our desired outcome. This is a big challenge because of many legacy systems and processes in our org
Once again thanks for your thoughts
Just to comment, what you listed are the objectives my organization has this year except for the last one. Take into account that this type of initiatives are not technical related. Technology is just one layer into the architecture you have to take into account. Here comes the link to an article the PMI and the IIBA have published and was cited lot of times for others about what I used from years. Perhaps it could help: https://www.projectmanagement.com/blog-pos...-right-solution Saving Changes...
