Many CFOs need to realize that they need to make a technological leap, because they are expected to present up to date and complex information to the boards of their companies. “We still see a huge amount of spreadsheets being used,” said Steve Killick, partner at the Johannesburg-office of PwC. “Even the firms with ERP systems often use a junior controller to put the information back into a spreadsheet to manipulate it before a presentation.”
On Wednesday night Killick met with CFO South Africa over a nice dinner at Pigalle restaurant in Sandton to discuss the latest trends in shared services in Africa, change management for finance teams and the modernization drive that each CFO should be part of. "Boards are asking for more insight these days," Killick said. "They want one version of the truth and they want to be able to drill down into the numbers, which is often impossible if there are various legacy systems in place."
Look out for the full dinner interview with Killick, which will appear on this website within the next month.
In the picture from left to right: Melle Eijckelhoff (CFO South Africa) Killick (middle) and Alex van Groningen (CFO South Africa).
If you also would like to share your ideas with the CFO community, please get in touch with us to arrange an interview with you. Please contact Jurriën Morsch on [email protected].
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