EDITOR’S LETTER
The job of the finance function has seen tremendous transformations in the last five years. From a keeper of books, it has more evolved towards being a business partner, delivering insights and driving key strategic decisions. The immensely changing regulatory requirements make this function even more challenging, what with the finance function being torch bearers for good governance and incorporate financial discipline.
The skill sets and capabilities required to run the finance organization have also consequently changed. More routine processes are completely automated in mature finance organizations leaving more opportunities open for increasing the skill base towards creative roles, analytical and decision-making skills.
In keeping with our overall plan to cover various aspects of operational efficiencies and process agility within enterprises, the cover story for this edition features process improvement opportunities in finance processes. The interview from Mr. Madhava Rao, CIO of Lulu Group International is interesting, as he shares some insights and his experiences on this topic.
From the entire team at Avaali and Illuminar, a very happy Dussehra holidays to our Indian friends. We wish you much happiness, success and prosperity.
Have a lovely day!
Best regards,
Srividya Kannan
Editor.
