SlideShare a Scribd company logo
1 of 51
Download to read offline
Automating finance
Why data is the
CFO’s most
valuable asset
Why data is the
CFO’s most
valuable asset
Henri Taipale
CEO and founder
Qvalia
QVALIA
Nordic leader
650 enterprise customers
EUR 240 billion analysed 2019
Stockholm, Helsinki, Copenhagen, Oslo
Founded 2007
Vision
Value
Business
Process
Design
Data
Analog data
Is digital
better?
Digital data
–
Doesn’t mean your
process is digital
4 causes to errors
in finance
processes
1. Not machine-
readable
Cna oyu raed this?
2. Organized in silos
3. Same data stored in
multiple places
4. Manual work tasks
70%
fail
Source: McKinsey
Learnings from
successful digital
transformation
projects
1. Synchronized data
2. Scalability
3. Transparency
4. User friendly
5. Cleansed data
1. Synchronized data
2. Scalability
3. Transparency
4. User-friendly
5. Cleansed data
92% repetitive work in accounting
Data categorization
All line-items
are
categorized.
Globe Technologies AB
We receive all
invoices.
Your invoices
are digitized.
Erroneus invoices
are bounced
back.
Your supplier registry is
updated and monitored.
Invoices are
approved
with a click.
The
information
is uploaded
to your ERP.
Questions?
henri.taipale@qvalia.com
+46 70-497 79 88
Automating finance

More Related Content

Similar to Data is the CFO's most valuable asset

Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)
Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)
Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)
Executive Leaders Network
 

Similar to Data is the CFO's most valuable asset (20)

Webinar: Microsoft & OpusCapita: becoming a digital business - how to succeed!
Webinar: Microsoft & OpusCapita: becoming a digital business - how to succeed!Webinar: Microsoft & OpusCapita: becoming a digital business - how to succeed!
Webinar: Microsoft & OpusCapita: becoming a digital business - how to succeed!
 
TMANE Conference 2014: "Cloud Innovation - How CFOs and Treasurers can profit"
TMANE Conference 2014: "Cloud Innovation - How CFOs and Treasurers can profit"TMANE Conference 2014: "Cloud Innovation - How CFOs and Treasurers can profit"
TMANE Conference 2014: "Cloud Innovation - How CFOs and Treasurers can profit"
 
Porsche Holding Digital Finance
Porsche Holding Digital FinancePorsche Holding Digital Finance
Porsche Holding Digital Finance
 
Dsp informatie logistiek mei2010 av sv01
Dsp informatie logistiek mei2010 av sv01Dsp informatie logistiek mei2010 av sv01
Dsp informatie logistiek mei2010 av sv01
 
Emerging Trends in Accounting (1).pptx
 Emerging Trends in Accounting (1).pptx Emerging Trends in Accounting (1).pptx
Emerging Trends in Accounting (1).pptx
 
Accounts Payable Automation - man vs machine
Accounts Payable Automation - man vs machineAccounts Payable Automation - man vs machine
Accounts Payable Automation - man vs machine
 
Digitisation - Systems and Certainty
Digitisation - Systems and CertaintyDigitisation - Systems and Certainty
Digitisation - Systems and Certainty
 
Webinar: 5 steps to successful invoice automation
Webinar: 5 steps to successful invoice automationWebinar: 5 steps to successful invoice automation
Webinar: 5 steps to successful invoice automation
 
Dataliva Company Brief 2024
Dataliva Company Brief 2024Dataliva Company Brief 2024
Dataliva Company Brief 2024
 
opensky Data System's Navigate case study, transforming the global budgeting ...
opensky Data System's Navigate case study, transforming the global budgeting ...opensky Data System's Navigate case study, transforming the global budgeting ...
opensky Data System's Navigate case study, transforming the global budgeting ...
 
Why should enterprises go digital?
Why should enterprises go digital?Why should enterprises go digital?
Why should enterprises go digital?
 
Digital Finance Strategies for Utilities
Digital Finance Strategies for UtilitiesDigital Finance Strategies for Utilities
Digital Finance Strategies for Utilities
 
Digital transformation at the Regional Innovation Board, October 2015
Digital transformation at the Regional Innovation Board, October 2015Digital transformation at the Regional Innovation Board, October 2015
Digital transformation at the Regional Innovation Board, October 2015
 
Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)
Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)
Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)
 
Grinex Czech Republic workshop at GGI World Conference Vienna 2017
Grinex Czech Republic workshop at GGI World Conference Vienna 2017Grinex Czech Republic workshop at GGI World Conference Vienna 2017
Grinex Czech Republic workshop at GGI World Conference Vienna 2017
 
Coupa Analytics: Actionable Insights to Optimize Your Spend
Coupa Analytics: Actionable Insights to Optimize Your Spend Coupa Analytics: Actionable Insights to Optimize Your Spend
Coupa Analytics: Actionable Insights to Optimize Your Spend
 
PartnerHub Ltd. presents: "CharlieIndia"
PartnerHub Ltd. presents: "CharlieIndia"PartnerHub Ltd. presents: "CharlieIndia"
PartnerHub Ltd. presents: "CharlieIndia"
 
George Schindler CGI Value Creation CGI Ratkaisu19
George Schindler CGI Value Creation CGI Ratkaisu19George Schindler CGI Value Creation CGI Ratkaisu19
George Schindler CGI Value Creation CGI Ratkaisu19
 
Digital Customer Experience strategy & Marketing Automation for Philips Healt...
Digital Customer Experience strategy & Marketing Automation for Philips Healt...Digital Customer Experience strategy & Marketing Automation for Philips Healt...
Digital Customer Experience strategy & Marketing Automation for Philips Healt...
 
Understanding Lean IT
Understanding Lean IT Understanding Lean IT
Understanding Lean IT
 

Recently uploaded

Contact +971581248768 for 100% original and safe abortion pills available for...
Contact +971581248768 for 100% original and safe abortion pills available for...Contact +971581248768 for 100% original and safe abortion pills available for...
Contact +971581248768 for 100% original and safe abortion pills available for...
DUBAI (+971)581248768 BUY ABORTION PILLS IN ABU dhabi...Qatar
 
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
yulianti213969
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
vineshkumarsajnani12
 

Recently uploaded (20)

Contact +971581248768 for 100% original and safe abortion pills available for...
Contact +971581248768 for 100% original and safe abortion pills available for...Contact +971581248768 for 100% original and safe abortion pills available for...
Contact +971581248768 for 100% original and safe abortion pills available for...
 
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
The Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and UncertaintyThe Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and Uncertainty
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024
 
10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf
10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf
10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf
 
Top Quality adbb 5cl-a-d-b Best precursor raw material
Top Quality adbb 5cl-a-d-b Best precursor raw materialTop Quality adbb 5cl-a-d-b Best precursor raw material
Top Quality adbb 5cl-a-d-b Best precursor raw material
 
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptxGoal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
How does a bike-share company navigate speedy success? - Cyclistic
How does a bike-share company navigate speedy success? - CyclisticHow does a bike-share company navigate speedy success? - Cyclistic
How does a bike-share company navigate speedy success? - Cyclistic
 
WheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond InsightsWheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond Insights
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON ESCORTS SERVICE PROVIDE
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON  ESCORTS SERVICE PROVIDEGURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON  ESCORTS SERVICE PROVIDE
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON ESCORTS SERVICE PROVIDE
 

Data is the CFO's most valuable asset