WEBVTT X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:0 1 00:04.180 --> 00:23.230 Hajra, Sujoy: Hello, my name is Sujoy Hyjra and I help finance leaders prepare for future by designing their digital finance platforms and creating value from there. Move to Oracle Cloud with efficiency gained from standardization automation enhanced reporting and financial analytics. 2 00:24.340 --> 00:32.650 Hajra, Sujoy: I'm going to talk about how our clients can sustain their virtual finance operations using an end to end Oracle Cloud Platform. 3 00:33.550 --> 00:42.850 Hajra, Sujoy: For many finance departments, the global pandemic has introduced virtual work to a function that traditionally required all hands on deck. 4 00:43.420 --> 00:56.560 Hajra, Sujoy: For CFOs and finance leaders. This new dimension created new leadership challenges, ranging from need to adapt decision making to a virtual environment to clarifying performance expectation 5 00:57.580 --> 01:07.690 Hajra, Sujoy: Over the past many months, we learned that this is not a once in a lifetime experience, it is clear that the move to virtual may have a permanent effect. 6 01:08.110 --> 01:23.020 Hajra, Sujoy: On where finance works and perhaps more importantly how it works. In fact, in our CFO signal survey three fourths of respondents expect more of their total workforce to work remotely going forward. 7 01:24.700 --> 01:32.620 Hajra, Sujoy: Now as CFO brace for their virtual future and looking forward to how they can sustain virtual finance operations. 8 01:33.100 --> 01:41.620 Hajra, Sujoy: Let us talk about how CFOs and finance leaders will need to understand and build a business case for finance in the virtual world. 9 01:41.980 --> 01:54.880 Hajra, Sujoy: Specific to their organizational needs how they should think about integrating geographies platforms processes and, more importantly, how to build a culture of resiliency and agility for employees. 10 01:55.570 --> 02:04.060 Hajra, Sujoy: Let us discuss how we are rethinking the work of finance, as it relates to technology teamwork performance and leadership. 11 02:05.710 --> 02:17.590 Hajra, Sujoy: As finance leaders can build your finance platforms to future proof your business and Oracle Cloud can provide a foundation for agility and innovation. 12 02:18.010 --> 02:27.280 Hajra, Sujoy: Which is critical when something as foundational shift as virtual finance operation prompts a traumatic real time shift in your operation. 13 02:28.180 --> 02:36.340 Hajra, Sujoy: The foundational shift is how finance works and not where matters the most following these five foundational shifts. 14 02:37.270 --> 02:50.290 Hajra, Sujoy: You can rethink your virtual finance operation from the ground up to empower teams work from anywhere collaborate in real time and minimize tedious and manual processes. 15 02:51.160 --> 03:02.260 Hajra, Sujoy: Number one aggressively shift to the cloud, given that cloud based services can be accessed from anywhere, anytime and from almost any device. 16 03:02.890 --> 03:15.190 Hajra, Sujoy: They have become go to solution for many companies with continuous innovation, no in house data center operating system or platform to maintain the vendor manages the product. Not IT. 17 03:16.480 --> 03:21.550 Hajra, Sujoy: Two, plan for software defined network architecture and virtual data centers. 18 03:22.180 --> 03:33.640 Hajra, Sujoy: In a new environment CFOs have also had to work with CIOs to plan for Networks that can sustain new patterns of traffic and support more remote work. 19 03:34.300 --> 03:40.390 Hajra, Sujoy: Going forward, a software defined network may be required to provide a strong foundation for virtualization. 20 03:41.290 --> 03:51.460 Hajra, Sujoy: Number three, embrace agile principles Agile is a way of working that focuses on people over processes, with emphasis on iterative planning. 21 03:51.850 --> 04:01.780 Hajra, Sujoy: an incremental delivery of work, it aims to meet business objectives and deliver value by focusing on gradual changes and proactive communication. 22 04:02.650 --> 04:11.830 Hajra, Sujoy: Number four, intelligent automation process automation solution using AI machine learning across all areas of finance. 23 04:12.160 --> 04:30.280 Hajra, Sujoy: can decrease a finance organization and close time effort by 20 to 40% by improving process efficiency, creating capacity and savings and driving improved internal control and risk management and five make work portable and secure 24 04:31.480 --> 04:39.010 Hajra, Sujoy: Technology isn't just about providing the infrastructure for remote work it is also about enabling the very future of work itself. 25 04:39.640 --> 05:00.760 Hajra, Sujoy: In order to achieve the scalability and consistency necessary for operating remotely. This will need further reduce manual processes with much of the workforce homebound. It is critical to have a playbook for professionals to conduct remote work offering tools to be effective and secure. 26 05:02.290 --> 05:15.340 Hajra, Sujoy: Moving to virtual finance operation is transformational the journey to optimize your processes and acquire new digital capabilities is required for your finance operation we work virtual or not. 27 05:15.970 --> 05:31.660 Hajra, Sujoy: keep investing in ways to work efficiently be better business partner determine how finance can learn more produce more and influence more and as you consider your options you will want to take a look at Oracle Cloud. Thank you.