How Technology can Put CFOs in a Better Position - Maureen Mitchell, OptiDoc


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Maureen Mitchell from OptiDoc, a solution provider company at the marcus evans CFO Summit XXVI Spring 2013, on how business software solutions can improve financial processes.
Interview with: Maureen Mitchell, Chief Executive Officer, OptiDoc

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How Technology can Put CFOs in a Better Position - Maureen Mitchell, OptiDoc

  1. 1. Interview with: Maureen Mitchell,Chief Executive Officer, OptiDocChief Financial Officers (CFOs) canhave all their records at the click of abutton and save time for improving thebottom line, advises Maureen Mitchell,Chief Executive Officer, OptiDoc.“Software solutions can also help CFOssave money by looking at return oninvestments and pinpointing where thecompany can expect to see the mostcost benefits,” she goes on to say.From a solution provider company atthe marcus evans CFO Summit XXVISpring 2013, in Mashantucket,Connecticut, May 19-21, Mitchell sharesher thoughts on the implementation ofsoftware to protect vital documents.How can CFOs improve theirbusiness processes?In today’s market, every company isexpected to do more with fewerresources. The use of technology canhelp this to be achieved as it focuses onhow companies are currently carryingout their workflows and businessprocesses. Procedures that are takingup a lot of precious time can be re-designed to improve the bottom line.What are the benefits of businesssoftware solutions?With solutions like document manage-ment, any government regulations thatcompanies must abide by are inherent.In this way, compliance is ensured andheavy fines will be avoided whileavoiding the possibility of not meetingregulatory rulings. A complete audit trailis also created so that any foul play canbe investigated. Auditors can easilyaccess any necessary records, withouthaving the financial team search forpapers.A full disaster recovery program can beput in place to protect all online records.A backup is made on the database andtaken off premises.Software solutions can help CFOs savemoney by looking at return oninvestments and pinpointing where thecompany can expect to see the mostcost benefits. Customer service is anarea that can also be greatly enhanced.Representatives will have all theinformation they need at the click of abutton. While talking to customers theycan simply find information or senddetails by email if requested.How does a report server reduceprinting and storage costs?This server enables a company to takeany records, such as invoices comingfrom either a mainframe or a printstream, and place it directly intoa database. An overlay is created sothat the data is viewed exactly as apaper invoice. Information can beelectronically captured and put incategories, so the user can access thepage where the desired data is located.Documents do not have to be printedand stored, thus saving paper and officespace.Is there anything else you wouldlike to add?CFOs should rely on their technical teamto suggest new and exciting tech-nological advances that could help thembecome more productive. Technologycan enable all data to be available andfree up time to be used in planning forthe future.Softwaresolutionscan helpCFOssavemoneyHow Technology can Put CFOsin a Better Position
  2. 2. About OptiDocOptiDoc is a full suite of Document Management Modules built for small to enterprise wide businesses. OptiDoc was developed byAdvanced Technology Services (ATS) in 1991 and is installed at such clients as Blue Cross Blue Shield of Alabama, University ofAlabama and MARS Candy. Since ATS is the manufacturer of OptiDoc, we have the distinct ability to customize and modify OptiDocto suit any existing or future business needs. In addition, OptiDoc has developed an integration module, which allows us tointegrate with any third party windows application. The OptiDoc AppIT module sits on top of the application and therefore does notrequire an API. OptiDoc has integrated with many ERP Applications, including PeopleSoft, SAP, Oracle and EPICOR. OptiDoc isknown for it’s ease of use, while still incorporating very sophisticated back-end technology.www.optidoc.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsCFO Summit (Australia) - www.cfo-anz.comTax Officers Summit - www.taxofficerssummit.comTo view the web version of this interview, please click here: Finance Network - marcusevans Summits group deliverspeer-to-peer information onstrategic matters, professionalt r e n d s a n d b r e a k t h r o u g hinnovations.Please note that the Summit is aclosed business event and thenumber of participants strictlylimited.About the CFO Summit XXVI Spring 2013This unique forum will take place at the MGM Grand at Foxwoods Resort and Casino,Mashantucket, Connecticut, May 19-21, 2013. Offering much more than anyconference, exhibition or trade show, this exclusive meeting will bring togetheresteemed industry thought leaders and solution providers to a highly focused andinteractive networking event. The Summit includes presentations on bringing morefocus to balance sheet health, helping companies to find profitability growth andmotivating top finance performance.www.cfosummits.comContactMaria Gregoriou, Journalist, marcus evans, Summits DivisionTel: + 357 22 849 400Email: press@marcusevanscy.comFor more information please send an email to info@marcusevanscy.comAll rights reserved. The above content may be republished or reproduced. Kindlyinform us by sending an email to