Collaboration
Is your back office collaborating with your front office?
A financial system should be equipped with tools that provide organizations with agile communication between the front-end and back-end of a workplace. Finance may be focused on getting invoices paid, but often lacks context of the customer relationship. If sales is finalizing a new upsell, finance may jeopardize a big deal by chasing a smaller cost.
Having cross-departmental collaboration features built in to your system of record and molded around functional needs and work patterns is a must for any organization that wants to stay competitive today and in tomorrow’s IoT economy. CFOs need to work with CIOs to ensure that this sort of system is implemented and tailored to an organization’s business processes and strategic needs.