As the GDP, it inspires us to understand our Economic Growth Story. Large corporates and companies that are changing the economy have the best of the leaders and rainmakers who are spearheading this economic growth. To understand how these leaders are impacting this change, BizIntegration successful concluded the India CFO Summit 4th Edition on 22nd February at Radission Blu GRT Chennai. Top CFOs across the nation brainstormed the evolving role of CFOs and solutions to top the challenges faced in their Business.
Over the past few years, the responsibility of the CFO has evolved extensively. CFOs are now expected to build strategic judgments on critical decisions on the outsourcing of back office functions and transformative projects. To deal with this, high-performing Chief Financial Officers (CFOs) have to play a more active role within the organization. They will have the responsibility of strategic personnel planning and continuous forecasting. They have to think beyond the stipulated perception of planning a workforce with respect to headcount budget.
CFOs are known to bring with them their expertise and analysis, and combine external and internal data in a way that helps the business strike the right equilibrium in building, obtaining and deploying talent to support the corporate strategy. This summit addressed all the challenges facing a modern CFO and the opportunities they have to lead their organizations.
The day started with Welcome note by Nabomita Mazumdar , Founder Nabomita.com followed by a keynote by Kannan R Head, Corporate Performance Monitoring & Research, Hinduja Group
Pranay Ramkrishnan,Country Head – Indian Subcontinent, Kyriba delivered a speech on The World’s #1 Cloud Platform for Finance and Treasury . He said, “Most corporate treasury departments know when the time is right to implement a treasury management solution (TMS), and it’s no longer feasible to rely on spreadsheets as their primary treasury tool. After all, experts and analysts agree that a TMS provides significant benefits by improving overall efficiency, timesavings and control. However, the challenge lies in building the case internally to prove the benefits of adopting a TMS, and this often requires hard dollar figures in terms of either savings made or incremental added value achieved.”
Pranay further reflected, “If you need help understanding the specific ROI that a TMS can deliver, you can sign up for a free online business case with us.”
Swapnesh Patel, CEO & Co-founder, Omniscient Software Pvt. Ltd addressed the Automating Working Capital & Liquidity Management, approach taken by CFO’s of Top 40 Indian Corporates.
This was followed by a Panel Discussion on the ‘Evolving Role Of The CFOs’
Moderated by Nabomita Mazumdar, Founder Nabomita.com. The panel hosted R Kannan, Head, Corporate Performance Monitoring & Research, Hinduja Group , Jayaprakash Kalappan, Chief Financial Officer, Panasonic Appliances India Company Limited , Ganesh S, CFO , Parry Sugars Refinery India Private Limited, S Kathir Kamanathan ,Chief Financial Officer ,Lanco Tanjore Power Co. Ltd.
ALD Automotive spruced up with an interesting streak of launching cars including Toyota Yarris .Big wheels and budget-friendly plans to own them got every delegate thinking about their existing Car Leasing Plans at their organizations.
And a Tailorman added the glam quotient with their presence !
Finance Function Transformation – CFO’s Lens in the Digital Era was discussed on the second panel by Giridhar Janardana, Partner, BlueRidge Consulting Services Aparna Gopalakrishnan, Director Finance at Automation Excellence Pvt Ltd , V G Suchindra, CFO, Veritas Finance , Pranay Ramkrishnan, Country Head – Indian Subcontinent, Kyriba, Sripathi Chakkravarthi, Regional Sales Head – SAP Concur, Sangeeta Sumesh, High-Performance Coach (Credentialed from ICF) | ED & CFO, Independent Director, Board Adviso, Author,Speaker, Prashant Ganti, Head of Global Accounting, Compliance and Payroll Solutions, Zoho.
The day concluded with a heartwarming speech on ‘A Story of a Successful Entrepreneur’ by CK Kumaravel,Co-founder of Groom India Salon & Spa Pvt. Ltd.
His words on echoed in the minds of the delegate as he shared, “Entrepreneur is not someone who has a lot of money or great power, it’s anyone who can see a problem and solve it with using minimum resource.” He shared how his dad created Velvets Shampoo Sachets to what led him to create Groom India Salon.