Thomson Reuters' Hari Kumar astounded that many organisations still rely on Excel
Enterprise proposition lead Hari Kumar talks about the good and bad when it comes to technology.
On 16 October, Thomson Reuters’ enterprise proposition lead Hari Ganesh Kumar will be speaking at Finance Indaba.
His session, titled “Thriving in an age of technology disruption within your finance teams”, will take place in Boardroom 2 of the Sandton Convention Centre at 10am.
“Technology is disrupting all industries and functions within an organisation,” Hari explains, saying that tax and finance teams are no exception.
“With increased focus by regulatory authorities and greater demands for transparency, teams need to review traditional models when complying with government regulations and reporting,” he says.
Having more than 15 years’ industry experience with tax and accounting software in a variety of roles ranging from implementer, solution consultant, team lead and product manager, across multiple regions, Hari has a great understanding of the good and bad when it comes to technology solutions.
Hari says the most important takeaway from his session will be:
“There is always a learning curve when adopting and implementing technology. We need to look at it beyond the short term. In addition, technology requires more than a ‘set it and forget it’ mindset, it requires individuals to establish a continuous improvement methodology.”
“I am still astounded that many organisations still rely on Excel, which fundamentally hasn’t changed since launching in 1987!” Hari says. “While Excel addresses a clear need for most, a new generation of technology now delivers greater efficiency, faster insights, with less formula error. This is especially important when we consider the scale and complexity of the data and calculations when it comes to global tax and accounting compliance.”
Hari looks after proposition for Thomson Reuters ONESOURCE solutions across Asia-Pacific, India, MENA and Africa. As enterprise proposition lead, he works with large organisations propelling their adoption of technology to meet their global tax and accounting compliance reporting requirements.