JAKARTA (Yosefardi) – As the global economy might be hard to grow, or slowing down, business sector and companies need to adopt the transforming finance model to supporting the growth.
PT Delloite Consulting Indonesia put its major concern on the transforming finance issue, then it encourages Indonesian companies and business sector to fuel the business innovation with effective business strategies.
At recent annual seminar, held on May 20-21, 2015 in Jakarta, Edward Manurung, CFO of coal miner PT Indo Tambangraya Tbk (ITMG), presented the benefit of technology applied to supporting the companies’ growth as it would help reducing operational costs while creating a more effective performance of the finance department.
Technology, Edward explained, could manage all data under one single database, has a systematic document management system, could reduce distribution time of withholding tax slip, reduce the manual work of developing and implementing automatic payment through e-banking systems.
Technology also could manage all invoices & supporting documents under one system and standardize the payment process across the related functions, and is set to standardize and automate purchase process and improve budget checking process.
In addition, Yudishthira Rusli, CFO of PT Unilever Indonesia Tbk (UNVR), introduced a solution, called Business Continuity Management (BCM), which would make the enterprise’ risk management implemented well.
BCM is broadly defined as a strategic and tactical capability of the organization to plan for and respond to incidents and business disruptions in order to continue business operations at an acceptable pre-defined level, Rusli explained. (rully@yosefardi.biz)