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How can CFOs stay on top of what's going on in finance technology and accounting technology?

There is just too much going on in the world of fintech today. I can't keep up. How do you stay on top of all the available tech given mobile, cloud, etc.?

This question was asked by an attendee during the Proformative webinar "How New Technologies are Changing the Role of Finance" held on November 6, 2012.  A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-how-new-technologies-are-changing-role-finance.

Answers

(Agent, JKS Solutions, Inc.) |

The best thing for them to do is attend CPE courses about the changes in technology at their local State Society of CPAs.

Another great tip is to get a subscription to CFO.com (its free)

A couple more great resources are
www.journalofaccountancy.com
www.aicpa.org
www.accountingtoday.com

There are technology forums across the country. Look in your local networking listings and see what is going on and register to attend events that might interest you.

Joshua Hurni
Title: Account Exec
Company: AMS
LinkedIn Profile
(Account Exec, AMS) |

Another suggestion is to find a technology advisor you trust and subscribe to their blog or newsletter. Here is ours http://www.accountingmicro.com/blog.html (shameless plug)

You could then reach out to them with questions similar to how you stay up to date on tax codes through your accountant.

Topic Expert
Bob Stenz
Title: Controller
Company: Silicon Valley start-up
(Controller, Silicon Valley start-up) |

I find using Proformative helpful in keeping current. The weekly emails with questions and links to member answers is a good test of one's knowledge and source of new information on recent trends and developments.

Michael Sipos
Title: Enterprise Account Executive
Company: Trintech
LinkedIn Profile
(Enterprise Account Executive, Trintech) |

The best way to find unbiased answers to how finance technology is evolving is to follow research conducted by consulting firms that specialize in this field. These firms include Hackett Group, Gartner, IDC, IQPC, and Aberdeen. There are also frequent research reports issued by accounting/consulting firms such as KPMG, Deloitte, Ernst & Young, Accenture, and Cap Gemini. Another great resource is Financial Systems News which covers this topic as its primary objective. Finally, if you are part of a larger company with Shared Service Centers, Shared Services Online Network (SSON) is a good resource for information as well.

Derek Quackenbush
Title: CFO
Company: Rising Data Solutions
(CFO, Rising Data Solutions) |

Good ideas. Here are two that work for me.

1. Get involved with your local technology start-up incubator--meet/assist local entrepreneurs. They are typically open to sharing their ideas. Give them some time listening to their pitch and helping with their model. In exchange you'll get a crash course on all of the interesting problems people are trying to solve with technology be it cloud, mobile, etc. Be an advisor or sit on the advisory board.

2. Interact with younger people. I'm not old, mind you. But 20-somethings use technology differently. I don't have much use for Twitter, to be honest, but I've learned many things by watching how younger folks consume/use technology. At the least it has better enabled me to manage/mentor the younger folks on my team.

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