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Bridging the Gap: Why Enterprise Architects Need Financial Acumen In today’s volatile economic environment, enterprise architects must expand their skillsets beyond technical expertise to include financial acumen. Understanding key metrics like EBITDA, gross margin, and net margin is essential for ensuring that architectural decisions drive profitability and align with business objectives. Net margin, in particular, is a crucial profitability metric. It indicates how much profit a company retains as a percentage of revenue after accounting for all expenses, including taxes and interest. For IT services companies like Wipro, TCS, and Infosys, a healthy net margin often ranges between 15-25%, reflecting their efficient cost structures and value-driven delivery models. Recent financial trends emphasize the importance of financial literacy in strategic planning: • The IMF projects 2025 global growth at 3.3%, with U.S. growth expected to reach 2.7%. • However, potential inflationary pressures and fluctuating interest rates could impact margins across industries, including IT services. For enterprise architects, this highlights the need to factor financial metrics into architectural decisions. By designing systems that improve efficiency and reduce costs, architects can directly influence margins and help their organizations remain competitive. To explore how financial acumen empowers architects to bridge the gap between technology and business strategy, read my latest article: Bridging the Gap: Why Enterprise Architects Need Financial Acumen—A Deep Dive into Profitability Metrics. https://lnkd.in/gh9DQ49D #EnterpriseArchitecture #FinancialAcumen #ProfitabilityMetrics #NetMargin #EBITDA #ITIndustry #StrategicPlanning #BusinessStrategy #TechLeadership

I remember my last project at Deloitte Japan was to detect unmatched account receivables using SQL. Director Deloitte promised to the client with saying that "Data & Analytics can magically and masivelly proceed account receivable reconciliation", and I came into the project, needed to explain that it is not true to the client back in 2018. But in 2024 it should be possible using Machine Learning. I am no longer working on account receivable nor any time of Finance operation, but it should be possible to reconcile account receivable and payment receipt by looking into parameters like customer name, address, date etc, calculate similarity score, put threshold and filter out only those which are not similar enough. It seems like those functions are already available in the market and this should drastically improve time consuming manual works millions of people in the world is doing everyday even now.

#hiring Senior IT Architect - Finance, Amsterdam, Netherlands, fulltime #jobs #jobseekers #careers #Amsterdamjobs #Noord-Hollandjobs #ITCommunications Apply: https://lnkd.in/dJ37wadx Who We Are Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact. To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures-and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive. BCG Platinion As a seamlessly integrated part of the BCG network, we provide consulting services focused on the development and implementation of business-critical IT architecture and digital solutions. We create technology platforms and deliver exceptionally customized solutions of the future for our clients, from data strategies to next-generation customer journey solutions and transformational business models. We solve the most daunting challenges that companies face today and envision for tomorrow. Our style is entrepreneurial - nimble and innovative, with multifaceted, cross-functional teams and completely vendor-independent. Our unique selling proposition is technology expertise and delivery excellence. Platinion was founded in 2000. Since then, we have grown continuously and successfully. Today we have offices in Europe, North and South America, Asia Pacific and Africa. Practice Area Profile IT Architecture - FI/FS or banking industry. What You'll Do At BCG Platinion we're keen to engage with experienced, passionate and creative IT Architects who will help us unlock our client's digital potential and ignite change. Meaningful work is at the core of everything we do. We build unique solutions to the complexities our clients face, while providing our people with opportunities to explore and grow. A community of leading experts, BCG Platinion team members have a natural springboard for professional growth and deeper opportunities to excel.- As a Senior IT Architect, you will work alongside a bold, energetic and collaborative team. You will evaluate and coach our clients' technology teams, define technology strategies, architecture solutions and help us design the future. You will develop and grow by being exposed to new and complex challenges daily. Together with our clients, you will

#hiring Senior IT Architect - Finance, Amsterdam, Netherlands, fulltime #jobs #jobseekers #careers #Amsterdamjobs #Noord-Hollandjobs #ITCommunications Apply: https://lnkd.in/dJ37wadx Who We Are Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact. To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures-and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive. BCG Platinion As a seamlessly integrated part of the BCG network, we provide consulting services focused on the development and implementation of business-critical IT architecture and digital solutions. We create technology platforms and deliver exceptionally customized solutions of the future for our clients, from data strategies to next-generation customer journey solutions and transformational business models. We solve the most daunting challenges that companies face today and envision for tomorrow. Our style is entrepreneurial - nimble and innovative, with multifaceted, cross-functional teams and completely vendor-independent. Our unique selling proposition is technology expertise and delivery excellence. Platinion was founded in 2000. Since then, we have grown continuously and successfully. Today we have offices in Europe, North and South America, Asia Pacific and Africa. Practice Area Profile IT Architecture - FI/FS or banking industry. What You'll Do At BCG Platinion we're keen to engage with experienced, passionate and creative IT Architects who will help us unlock our client's digital potential and ignite change. Meaningful work is at the core of everything we do. We build unique solutions to the complexities our clients face, while providing our people with opportunities to explore and grow. A community of leading experts, BCG Platinion team members have a natural springboard for professional growth and deeper opportunities to excel.- As a Senior IT Architect, you will work alongside a bold, energetic and collaborative team. You will evaluate and coach our clients' technology teams, define technology strategies, architecture solutions and help us design the future. You will develop and grow by being exposed to new and complex challenges daily. Together with our clients, you will

REQUIRED KNOWHOW FOR FITMENT OF DIGITAL TRANSFORMATION PROCESS EXCELLENCE & CONTINUAL IMPROVEMENT-REALITY BEHIND THE MYTH: Interconnected but distinct story: 1. Digital Transformation-Decision to adopt different bolt on solutions,digital levers,new gen & conventional technologies,sharp edge Digitalisation of the data & also driving meaningful insight from the complex set of data using advanced analytics.Platform/Solution/Infrastructure,Cloud as a service-act as complimentary elements to enhance efficiency & transformation of the existing F&A flow. Real accounting problem & mapping grey areas-Intelligent automation can be done using technology as a service,can transform the process to desired extent 2. Process Optimization/ Excellence-Adoption & execution of best accounting principles basis accounting principles,conventions,accounting equation & regulatory norms for creation of financial reporting. Hence FAO account SLA/ KPIs become primary source of evaluation for this method where basis shape & status of books of accounts,final accounts status,GL balances & updates per TB+Cash Flow are treated-benchmark & minimum acceptance criteria are defined before the handover of accounts from clients. Creation of detailed Process documentation as SOP, COPIS format process flow,process exception tracker,process flow diagrams along with account description forms for recons added with standard templates,macro enabled files for reporting & basis shape of accounts,clean up with accounting treatments to match balances with books with minimal chances of any pending open items & unfavorable balances-could be referred as Process Optimization/ Excellence ensuring the continuous accounting flow 3. Continual Improvement using Lean Six Sigma-Here we need to be very cautious before committing false commitments to the clients-their processes can be transformed using Lean Six Sigma framework,as LSS methodology is not applicable & required at all stages of any process enablement and should be executed for very selective category of issues. In case we want to decrease the process wastes, control 3Ms(Muda, Mura & Muri),want to decrease unnecessary inventories,decrease Cycle & Takt time & apply Kaizen to maximize process flow,should go for Lean. On other side,if we want to decrease process deviations from set benchmark,decrease defects in data sample & reduce number of defective by statistically measuring & analyzing the data to carve out best fit improvement & ascertain sustainability-Six Sigma comes into play In order to get maximum benefits from a sentient F&A process,follow: 1. Apply Process standardization, templatization & best accounting practices-Process Optimization 2. Apply Lean & Six Sigma if required-wastes & deviation/defects reduction 3. Apply Digital Transformation using technology levers-bring hyper automation leading to auto pilot mode of process without need of manual controls Infosys BPM Genpact Accenture in India EY Exela FAO WNS Wipro Deloitte IBM

We are grateful for the opportunity to help Singapore Post move finances to the cloud with #Oracle ERP. Learn more about the business outcomes and scalability unlocked by this cloud transformation. With Queenie Eng Jason Sue Daniel Bell Jade Dellios Scott Bailey Alexis Hall Stephen Anderson and more.

Stay ahead in the world of governance and compliance with #SAP by exploring the benefits of automation with insights from NTT DATA, Inc. experts. #NTTDATAInsights #ComplianceAutomation

Accenture has determined that almost 80 percent of finance-related tasks can easily be automated with the right backend infrastructure, saving a company’s financial management employees an estimated 60 to 70 percent of their time! Some of the other benefits to financial management automation include: - Up to a 50 percent reduction in operating costs. - A 10-30 percent reduction in days sales outstanding (DSO). - A 35-40 percent decrease in period close times. - A 25 percent improvement in financial report delivery times. - A 20-30 percent increase in cash collection. - Capital availability forecasting with accuracy between 85 and 95 percent. - A reduction of balance sheet issues to just 5 percent older than 60 days. - 100 percent control and compliance around financial management tasks. Learn more: https://lnkd.in/e3GAEa69 Navigator Business Solutions #industrialmanufacturing #manufacturing #wholesaledistribution #professionalservices

10 Initiatives for Finance We hear about Finance Transformation since more than 10 years. PS. Get my list of Top 100 GPTs for free here: https://lnkd.in/dscQM2Rs Now, we are soon in 2025. Instead of planning the next 10 years, start executing one of these 10 initiatives in the next 3 months. Then move forward to the next one. Focus on shorter project that you can get done now. It will start a virtuous cycle and will convince your teams that Finance Transformation is not a theoritical BS word. 1️⃣ Cloud-Based Financial Systems 1. Identify a suitable cloud service provider like QBO or Xero if you are a SME. 3. Gradually transfer data to the new system. 2️⃣ Data Analytics Tools 1. Choose a reliable analytics platform such as Tableau or PowerBI. 2. Organize training sessions for staff to use these tools. 3. Integrate these tools with your existing systems. 3️⃣ Process Automation 1. Choose Robotic Process Automation tools like UiPath or Automation Anywhere. 2. Determine which processes are most suitable for automation. 3. Train your team on how to use the automation tools. 4️⃣ Data Quality Management 1. Implement a data quality tool, like Informatica or Talend. 2. Conduct training for your team to use the tool. 3. Regularly monitor and assess data quality to ensure accuracy and consistency. 5️⃣ Productivity Enhancement with ChatGPT 1. Deploy ChatGPT to automate routine tasks and answer common queries. 2. Train your team to interact with and use ChatGPT effectively (reach out to me to train your team or take my course if you are an individual) 3. Monitor the performance and utility of ChatGPT, making necessary adjustments to maximize its benefits. 6️⃣ Risk Management Systems 1. Choose a risk management tool such as SAP or IBM. 2. Train your team on the application and benefits of this system. 3. Monitor the system regularly to ensure compliance. 7️⃣ Sustainable Finance 1. Conduct an audit of current projects for their environmental impact. 2. Identify sustainable initiatives to invest in. 3. Promote your sustainable projects to stakeholders. 8️⃣ Shared Service Centers 1. Determine which functions could be transferred to a Shared Service Center. 2. Find a cost-effective location to set up the center. 3. Ensure smooth transition and regular communication with the center. 9️⃣ Visual Storytelling in Financial Reporting 1. Identify visualization tools like Tableau or PowerBI that can help illustrate your financial data. 2. Train your team on how to use this software to create compelling financial visualizations. 3. Regularly review and update your financial reports to ensure they tell an accurate and understandable story of your financial situation. 🔟 Staff Development 1. Develop a learning program focused on new technologies and strategies. 2. Encourage staff participation in the program. 3. Continually update the program based on industry trends and staff feedback.

Digital finance is evolving rapidly—here are 10 key initiatives to drive efficiency and innovation in your organization. ☁️ Cloud-Based Financial Systems: Embrace the cloud for secure, real-time financial access and data storage. 📊 Data Analytics Tools: Leverage analytics to gain insights for improved decision-making and strategic planning. 🤖 Process Automation: Streamline operations with automation, optimizing tasks like payroll and approvals. 📋 Data Quality Management: Maintain accuracy with robust data quality controls to support reporting and compliance. 🚀 Productivity Enhancement: Boost efficiency with AI tools like ChatGPT for automating responses and repetitive tasks. 🔐 Risk Management Systems: Implement systems to monitor and mitigate financial risks, ensuring regulatory compliance. 🌱 Sustainable Finance: Invest in financial strategies that promote long-term sustainability and social responsibility. 🤝 Shared Service Centers: Centralize financial operations to reduce costs and enhance service delivery. 👁️ Visual Storytelling in Reporting: Use visuals to simplify complex financial data, improving stakeholder understanding. 🎯 Staff Development: Train and empower teams with the latest financial strategies and technologies to stay competitive. #DigitalFinance #FinancialInnovation #AIinFinance 🌐 Choose a reliable cloud service provider and gradually migrate financial data for smoother transitions. ⚙️ Automate processes with AI tools like ChatGPT to improve productivity and reduce manual workloads. 🌍 Focus on sustainability by aligning financial goals with environmental and social responsibility. 👩💻 Train staff in financial storytelling and data visualization tools to communicate insights more effectively. ♻️ Repost if you enjoyed this post, and follow me César Beltrán Miralles for more curated content about leadership!