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At ETCFO Turning Point 2024, a panel discussion titled, “Digital Transformation- From smart spend to compliance” gathered finance leaders to share their insights on spend management and automation in modern enterprises.
Abhay Mathur, CFO of Urban Company, talked about the three-part approach to spend management—transaction processing, visualisation, and the future of pattern recognition and devaluation. Sathyanarayanan Viswanathan, CFO & Head of Business Administration – India at BSH Household Appliances, stressed the importance of automated controls with a clear segregation of duties to balance automation and oversight.
Saurav Singhania, CFO of Titagarh Rail Systems, highlighted the value of exception reporting to prioritise critical information over constant real-time updates. Sumedha Varma, Head – SAP Concur Indian Subcontinent, spoke about CFOs focusing on moonshot projects with high returns, while ensuring compliance through system checks.
Watch the entire panel discussion to gain deeper insights.
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Economic Times
