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Experience with which types of corporate finance technologies key to career advancement these days?

I'm beginning to think about a transition and am considering how what I am familiar with may or may not match employer demand in the marketplace.

Answers

Bryan Frey
Title: VP Finance/Corp Controller
Company:
(VP Finance/Corp Controller, ) |

Beyond the usual (hint: it rhymes with "expel"), I have found my experience with Business Objects to be very helpful across companies. BO (terrible acronym) is a BI (Business Intelligence) platform which helps you manipulate and report on massive data sets, far beyond what Excel can do. In a world of "big data", I think having some BI chops is very helpful.

As a controller, having experience with "close & consolidation" automation platforms will be useful. These provide automation and workflow for periodic close. They are massive time-savers and risk-reducers, although they are not free. Folks like SAP and Host Analytics have these, but there are others.

A/R and A/P automation platforms that speed collections and control and report on payments are also very helpful. Ariba is an example of the latter, but there are others (Coupa is another).

Then there is the question of "system of record". Have you used SAP, Oracle, NetSuite, MS Dynamics (any flavor), QuickBooks, etc.? Having a core in more than one of these is great b/c you can easily adapt to others.

What these have in common is they allow you and the company to scale. I think scalable accounting/finance tech is critical in your skill toolkit these days. I'm sure there are others, but this is top of mind list.

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Good choices Bryan.

With today's craziness in the hiring marketplace, if you are going to job hunt in an industry specific area, pick up knowledge of both accounting systems in use, but operational systems

It may pay to get certified in some operational area (which one and by whom is a crap-shoot)

Graham W. Hulme
Title: Director, Product Management
Company: SOFTRAX
(Director, Product Management, SOFTRAX) |

One area to consider in tandem with the above question goes beyond expertise with specific technologies. Having experience and knowledge of the general business issues, processes, and solution steps these applications aim to address can be just as important for advancement goals.

For example, knowing about various SFA, CRM, ERP, and BI tools certainly holds value. With that said, possessing a solid ability to identify, synthesize, and match the business issues/processes/requirements driving need for such applications can be just as important to sell yourself and increase your value in an organization.

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