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What technology mastery do you think is particularly sought-after and more prized by senior corporate finance hiring decision-makers?

Matt Treat's Profile

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Topic Expert
Keith Perry
Title: Consulting CFO and Business Operations A..
Company: Growth Accelerator
(Consulting CFO and Business Operations Advisor, Growth Accelerator) |

Matt,

I'm still seeing tons of Oracle and Hyperion, which makes me think there is a lot of legacy-systems demand. I get the feeling that this is not going away.

I've seen a lesser but significant amount of Dynamics GP (not NAV), SAP and similar platforms. These will become more competitive as they get credibility in the cloud.

I see quite a bit of rev-rec / accounting knowledge, but oddly not a systems perspective, which I find confusing enough to note. If you've attempted to migrate software rev rec in excel, you'll know that the packages are worth it (and don't even get me started on mobile/gaming). Same deal with packages like Xactly...the software sells, but I haven't seen people staff specifically for that like they do for Hyperion.

I'm also seeing very little explicit "cloud" experience; probably from the standpoint that that's really an IT problem.

Cheers,

KP

Sarah Jackson
Title: Associate Editor
Company: Proformative
(Associate Editor, Proformative) |

Good insight, Keith.

Matt, you might also be interested in this webinar video from Proformative. It has a lot of good ideas on this exact subject:

The Evolving Role Of Finance Leaders; Owning Technology

I think it will give you some great ideas on technology skills that propel corporate finance careers.

Enjoy!

Best... Sarah

Mark Richards
Title: VP of Finance & Operations
Company: RBA Consulting
(VP of Finance & Operations, RBA Consulting) |

Matt,

As Keith started it is really having a sense of the broader set of options - as the technology solution (depending on the size and internal skill set of company) could be a mix of on-premise and cloud based technology. Then being able to judge what applications are best suited to handle a specific process vs a core function and what type of integration is needed between the product set (whether functional or data).

That said, it's really have a combined view of business, CIO and finance when it comes to technology - as the answer lies somewhere in the middle.

From a finance point of view, the technology is a tool in your toolkit. Back to the prior statement, the better the sense of the business you have, it makes the task of what information is needed for both accounting and business easier.

For your staff, the technology (whether single application or combined solution) needs to provide you access to or ability to utilize transactional information in different methods (e.g. accounting close and product profitability) - otherwise, it's difficult for the technology to give you any scale.

The partnership with the CIO is important to create a technology landscape that does not require you or your team to perform data reconciliation each month - so you can spend more time on delivering solid accounting or business information. When you use the 'data recon' filter, many solutions will get weeded out quickly - no matter how cool - if they don't allow for easy integration of data.

Probably the best way to learn is to sit down with different IT and software colleagues to understand both what a technology does and how the technology works.

Hope this helps give you some starter ideas.

Regards,

Mark

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