WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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The telltale signs of successful Digital M&A often relies on #technology due diligence according to @McKinsey - I agree and that's one of my raison d'être...

The telltale signs of successful Digital M&A often relies on #technology due diligence according to @McKinsey - I agree and that's one of my raison d'être... | WHY IT MATTERS: Digital Transformation | Scoop.it

In our experience, technical due diligence is the single biggest differentiator of deals done well—or poorly. What’s more, technical due-diligence failures can usually be avoided. Almost always, the disappointed acquirer insufficiently vets the technology and discovers too late that it fails to work as advertised. Or the technology does work, but only in constrained environments, and won’t scale. In other cases, crucial parts of the IP turn out not to be owned by the seller.

Farid Mheir's insight:

WHY IT MATTERS: organizations spend considerable time and effort for financial due diligence but relatively little on technology due diligence. Often this is due to lack of knowledge at the executive or even at the CIO level - especially when acquiring a new tech or in a new field. In the past, I've come to develop an approach where I perform a 360 degree technology audit that not only dives into the capabilities of the solution (the software code) but also on other essential elements of success (software engineering best practice and processes, design and requirements, etc.).

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Digital transformation in Finance: Continuous Accounting is the Future of #Accounting and Modern #Finance

Digital transformation in Finance: Continuous Accounting is the Future of #Accounting and Modern #Finance | WHY IT MATTERS: Digital Transformation | Scoop.it

BlackLine automates complex, manual & repetitive accounting processes & enables companies to move beyond the legacy record-to-report process.

Farid Mheir's insight:

WHY IT MATTERS: finance and accounting remain manual and paper-driven. However, there are advances with robotic process automation and solutions that aim to make accounting a continuous process, not a once a month struggle. Sure looks to me like something we have done in software engineering years ago with continuous integration and deployment.

Vezta & Co.'s curator insight, August 31, 2018 1:36 PM

WHY IT MATTERS: finance and accounting remain manual and paper-driven. However, there are advances with robotic process automation and solutions that aim to make accounting a continuous process, not a once a month struggle. Sure looks to me like something we have done in software engineering years ago with continuous integration and deployment.

aanselmo.pina@gmail.com's curator insight, September 1, 2018 10:16 AM
pRUEBA
Marie Torossian, CPA, CGMA's curator insight, September 1, 2018 10:52 AM
How automated is your accounting process? I'm always looking for better integration of software to free up time for my staff to perform more analytics. Here's a nice read on Digital transformation in Finance and Accounting
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