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Digital transformation in sales for Finance
Digital transformation in sales for Finance How-To Guide:
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FAQs online signature
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What is the role of digital transformation in finance?
While digital transformation is necessary, it is particularly beneficial for the finance function, which gains efficiency in transactional processes—the vast majority of which can be automated—and decision-making processes, facilitated by the exhaustive exploitation of data, rich in insights into customer behavior and ...
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What is the role of transformation in finance?
Finance transformation is the way forward Finance needs to lead from the front to drive change and operate as strategic business partners. This requires Finance to act with agility, deliver actionable data driven insights and rapidly evaluate multiple scenarios.
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What is an example of digital transformation in finance?
Digital transformation involves integrating digital technologies into various aspects of business operations to enhance efficiency and drive innovation. For example, a bank implementing mobile banking apps to allow customers to manage their accounts and make transactions online illustrates digital transformation.
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What is the function of digital transformation in finance?
While digital transformation is necessary, it is particularly beneficial for the finance function, which gains efficiency in transactional processes—the vast majority of which can be automated—and decision-making processes, facilitated by the exhaustive exploitation of data, rich in insights into customer behavior and ...
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What is the role of digitalization in finance?
Digitalization in Finance: Summary It eliminates up to 90% of manual finance-related tasks, driving significantly more accurate, cost-effective, and faster financial workflows.
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What is digital transformation in sales?
Digital sales transformation (DST) is the process of integrating digital technologies into all aspects of a company's sales operations. It is a subset of the broader business cultural shift, Digital Transformation (DX).
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What is digital technology in finance?
Digital finance is the term used to describe the impact of new technologies on the financial services industry. It includes a variety of products, applications, processes and business models that have transformed the traditional way of providing banking and financial services.
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What is digital transformation of accounting and finance?
Digital transformation affects accounting in many ways. Accounting Automation. Accounting automation, also known as computerized accounting, refers to the use of software applications to perform the essential functions involved in the process of maintaining a business's financial records.
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[Music] these are different modules the finance model costing module sales CRM HR legal so I I don't want to take a lot of time so I don't want to go into detail since of information is online even I'll be knowing my profit loss around everyday Hollow and just like so that tender this is the profit our Scott so what is be copied before tags you can it is he refers to this morning anything yeah you know company as a CEO having all of this data and I hope you guys have realized these are not screenshots which were floating around on a video this is line data picking up from this organization at this moment of time giving you live data as of today more so you can imagine if you can get live data up to the p80 line it means that the entire organization's data is in place so amazing one would really pay a arm and a leg and everything else of your body to get a system like that operating in your system so I think I must compliment you and I think so what kind what is critical is what kind of analysis because data is there and generally we find CEOs sitting on tons and tons and tons of data finally not knowing what to do I am told that the clerical departments on each company have realized that the bosses can see so whenever they ask for any analysis sending reams and reams and reams of paper he will die trying to find out what the data is and can't do much about so how do you do analysis yeah it's a human analysis to the extent suppose I am selling to you what is going to be profit to the text and I will be knowing information it's a link cement to you what is going to be profit you would be able to drive their value and I can show it and you don't have to ass it is live available to you so that's fantastic yeah so when you do it and they just want Alexei it can be maintenance it may be HR it may be production okay even the equipment to stop for even single minute I know where to stop what is the reason the reason occurred how many times what we do whenever the misery suppliers visitors okay mainly we'll open the system and tell you okay this all this is with this all the problem you are occurring okay what are the improvement you have brought into that equipment okay next time we order the equipment okay these problems would not occur what you so two like that we discussed it is why these all the others is available in this side so now you may be very savvy with the using of this is the team under you trained to use that how do they use it almost almost out of three thousand two thousand people almost thousand two hundred paper if I seeing every day and we have the system to see how many people are using the system how we affected is being used suppose somebody does not use the system immediately our GM will say turkeys system so to be able to drive was discipline like this what are the cracked the most important things that you as a see you have done imbeciles because all did you reach up to that what l have told me I never accepted Excel see a PowerPoint presentation for any other reviews so they have no alternative except use this I just can't believe there is an Indian organization with a ramp or system operating at a level which I don't think I have seen any MNC companies having an ERP operating at that my real appreciation long the audience point of view do you have any questions that you would really like to ask him I think it's one of the most fantastic displays I have seen see we are able to implement in six months and all these things these are ongoing so you went today just I'm just I'm going on improving the presentations this one will be same because some people will see the figures some people will see only the graphics so all these things you are just you are going on changing the report parts we are going on improving and we are simplifying and different analytical tables we have prepared now keeps going every day we are doing maybe some of you can come to my office and we can show you even war room like that there is a you know I have big very baby here because this just such a big screen every operations if people are specialists sitting there and see ok what is going around the company maybe maybe after 34 years I don't want any operator in the pant this which we should operate only from like a carpet off you that is my dream you know one of the most important things is that in the Bible there is an entire chapter which explains what heaven looks like and the reason for writing the chapter is that people should feel so attracted to heaven that they should then want to do good things in life to reach that help I think this is that heaven in a systems point of view which you should really be attracted to go to it right I'll tell you another thing I have thirty member IT team my artesian last four years is zero and all these statutory compliances are also recorded automatically and whether we whatever it ideas forms and stage tearily whatever is when all these things are recorded and system itself follows whether we have complied with all these tests directly complaints are not all the statute complaints is getting on this one including ambient air quality checking stamping of the stairway village and everything so maybe do a lot of al [Music]
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