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summits
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4-6 November 2010
Red Rock Casino • Resort • Spa, Las Vegas, NV, USA |
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Alain Nadeau News Release
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Chief Financial Officers may be cutting costs across the organization, but according to Alain Nadeau, President and Chief Executive Officer at Dynacom, they do not necessary realize that they may be spending more by not upgrading their current Enterprise Resource Planning (ERP) systems. “CFOs are seeing IT as a cost center, whereas they should be looking at it as a profit center,” he adds. From a solution provider company attending the marcus evans CFO Summit XXI Fall 2010 taking place in Las Vegas, November 4-6, Nadeau discusses how ERP systems can increase organizational efficiency and the optimum way of upgrading current systems. How can CFOs utilize ERP systems to increase efficiency and productivity, and ensure the investment pays off? Alain Nadeau: CFOs might be concerned with the overall cost of upgrading their ERP systems, but what they do not realize is that they are spending a lot more money on pumping their data into their larger system and on retyping the data before closing each quarter to make sure all data entries are up-to-date in all international divisions. CFOs can reach the cost difference without losing market share, by implementing a new upgraded ERP system. They should consider implementing a one or two tier system, to be able to pump all their data into the larger system using the same information. Many companies have several ERP systems in place, and one of the main challenges for CFOs right now is cutting IT staffing costs. Depending on the number of worldwide locations, this could have been avoided if the organization had fewer systems in place. What is the best way of making this technological modification? Alain Nadeau: CFOs should try to implement system changes first on a test site under a lower plan, rather than an organization-wide system change from the start. Once they make sure the system is running as they want, they can evaluate the right formula to implement at a larger site, at the lowest cost possible. What are some of the upcoming developments that CFOs should get prepared for? Alain Nadeau: Outsourcing is the newest development. Before, companies were trying to do everything by themselves, however, they are now making use of clouds and spending less on their computer systems. Security is still a concern when it comes to cloud computing, but it is just a matter of how it is implemented and controlled. Even the security inside their own organization is a treat; the only solution is to keep the financial data in the organization and outsource all of the other data. What long term strategies would you recommend to CFOs? Alain Nadeau: Right now, CFOs are seeing IT as a cost center, whereas they should be looking at it as a profit center. They need to think of every dollar put into IT as something which will generate returns. CFOs need to regard their Intellectual Property as a way of increase productivity, by putting a small ERP system in their divisions. They can cut costs by separating everything into smaller sections.
This unique forum will take place at the Red Rock Casino Resort & Spa, Las Vegas, Nevada, November 4-6, 2010. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The summit includes presentations on building financial strength, implementing enterprise risk management and positioning the organization for long term success. For more information please send an email to info@marcusevanscy.com or visit the event website at www.cfosummits.com Please note that the summit is a closed business event and the number of participants strictly limited. About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to press@marcusevanscy.com About Dynacom Founded in Canada in 1990, Dynacom puts its knowledge and experience to develop innovative ERP solutions that can be easily customized to meet the needs of any large company subsidiaries or divisions regardless of the location, language or currency. Dynacom is actively pursuing its international growth, relying on its network of resellers serving the needs of 250,000 businesses from all around the world. For more information, please visit www.dynacom.com |
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