{"id":2709,"date":"2017-09-19T11:31:04","date_gmt":"2017-09-19T11:31:04","guid":{"rendered":"https:\/\/www.walkme.com\/blog\/?p=2709"},"modified":"2017-09-19T11:31:04","modified_gmt":"2017-09-19T11:31:04","slug":"introducing-walkme-day-in-the-life-david","status":"publish","type":"post","link":"https:\/\/www.walkme.com\/blog\/introducing-walkme-day-in-the-life-david\/","title":{"rendered":"Bitcoin, Financial Disruption and the Modern CFO"},"content":{"rendered":"<a href=\"https:\/\/www.walkme.com\/blog\/fintech-financial-services\/\" target=\"_blank\" rel=\"noopener\">FinTech<\/a>, Bitcoin, Blockchain, ICO, Mobile transfers \u2014 it seems like everyday there is new technology on the market. It can be difficult to keep up. To get some guidance, we turned to our very own VP Finance, David Sussely. We wanted to know how WalkMe is keeping up with FinTech trends \u2014 and better yet \u2014 \u00a0paving the way for an even brighter financial future.\n<h4><b>WalkMe<\/b><em><b>: Tell us a bit about yourself and your role at WalkMe.<\/b><\/em><\/h4>\n<strong>David:<\/strong> I joined WalkMe 1 year ago to head the finance department after working 8 years abroad. It seemed like a challenging enough reason to come back, which proved a perfect decision as the company is on an amazing path of growth and success.\n<h4><b>WalkMe: <em>What professional resources do you read? Favorite blogs\/websites\/magazines?<\/em><\/b><\/h4>\n<span style=\"font-weight: 400;\"><strong>David:<\/strong> Naturally, I read daily finance and economic news to stay updated on global trends.<\/span>\n\n<span style=\"font-weight: 400;\">I also like listening to podcasts on management and reading specific SaaS related subjects such as:<\/span>\n<ul>\n \t<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.manager-tools.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Manager Tools<\/span><\/a><\/li>\n \t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">HBR Podcasts<\/span><\/li>\n \t<li style=\"font-weight: 400;\"><a href=\"https:\/\/soundcloud.com\/saascribe-media\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The SaaS Revolution Show <\/span><\/a><\/li>\n \t<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.saastr.com\/category\/format\/podcast\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SaaStr Podcasts <\/span><\/a><\/li>\n<\/ul>\n<h4><b>WalkMe:\u00a0<\/b><em><b>Where do you see the future of finance heading? Should we start expecting payments in Bitcoin?<\/b><\/em><\/h4>\n<span style=\"font-weight: 400;\"><strong>David:\u00a0<\/strong>I would say that the future, and even the role of modern CFOs will need to be much more IT centered and skill based. The focus will be on utilizing and relying on <a href=\"https:\/\/www.walkme.com\/digital-adoption-platform\/\">digital adoption tools <\/a>to simplify and create efficiency, but also to make sure we are secure. With everything moving to the cloud and online technology, new measures will need to be taken to ensure organizations\u2019 security.<\/span>\n<blockquote>\n<h2><span style=\"font-weight: 400;\">\u201cThe future will be in utilizing and relying on digital adoption tools to simplify and create efficiency.\u201d<\/span><\/h2>\n<\/blockquote>\n<span style=\"font-weight: 400;\">As far as Bitcoin, I\u2019m not so sure we will see a large adoption in the near future. I believe the psychological and symbolic aspects to a nation\u2019s currency are underestimated. Currency is a reflection of the economic power of a region.\n<\/span>\n\n<span style=\"font-weight: 400;\">However, Bitcoin is leading the way for a unification and simpler means of transferring currency. I see currencies like Bitcoin having a future in online transactions, especially as companies expand and go global. Every day we see more technology created to transfer even small amounts of money. Some countries are even choosing to adopt no cash policies.<\/span>\n<h4><b>WalkMe:\u00a0<\/b><em><b>Which tasks do you predict will be automated in the next 5 years?<\/b><\/em><\/h4>\n<span style=\"font-weight: 400;\"><strong>David:\u00a0<\/strong>Main processes where I\u2019d like to see much more automation are: procurement, employee reimbursements, fixed assets control, analytics, employee onboarding, and any banking transactions. All of these changes will result in a better experience for the user, and as a result, a more secure and efficient process for the company. <\/span>\n<h4><b>WalkMe:\u00a0<\/b><em><b>Reducing costs and consolidating the company&#8217;s finances must be high on your agenda. What software are you using to boost employee productivity and consolidate data in order to reduce costs?<\/b><\/em><\/h4>\n<span style=\"font-weight: 400;\"><strong>David:\u00a0<\/strong>When I first joined WalkMe, we used several different applications to perform each financial task. Unsurprisingly, it was not a very efficient process. Now we\u2019ve adopted a central ERP system serving all of our legal entities and are working on automated interfaces to other applications to minimize manual work and increase efficiency. All of these new technologies ease tasks for our global offices as well. For example, an employee in our San Francisco office can submit an expense for an approval in Australia with just a click of a button, no need for excel sheets and snail mail.<\/span>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.walkme.com\/pages\/erp-user-experience\/?eco=erp&amp;adin=introducing-walkme-day-in-the-life-david-ll01&amp;land=erp-user-experience&amp;pitch=Employee-Productivity\" target=\"_blank\" rel=\"noopener\"><em><strong>Maximize your ERP efficiency with WalkMe today.<\/strong><\/em><\/a><\/p>\n\n<h4><b><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-12206\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2017\/09\/download.png?w=300&#038;h=146&#038;crop=1\" alt=\"financial disruption\" width=\"300\" height=\"146\" srcset=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2017\/09\/download.png 1200w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2017\/09\/download.png?resize=300,146 300w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2017\/09\/download.png?resize=1024,497 1024w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2017\/09\/download.png?resize=740,360 740w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/b><\/h4>\n<h4><b>WalkMe:\u00a0<\/b><b><em>What do you think are the main reasons for the explosion in FinTech and <a href=\"https:\/\/www.walkme.com\/blog\/everything-digital-adoption\/\" target=\"_blank\" rel=\"noopener\">digital adoption<\/a> in banking and finance sector?<\/em> <\/b><\/h4>\n<span style=\"font-weight: 400;\"><strong>David:\u00a0<\/strong>I think it stems from two main pain points:<\/span>\n<ol>\n \t<li><b> Security<\/b><span style=\"font-weight: 400;\">: The biggest pain-point in financial transactions is the security of financial property and ensuring a successful transaction from A to B. Since the financial crisis of 2008 we have seen a big emphasis and expectation from big banks and financial institutions to abide by new regulations and kick security up a notch. The public demands it. <\/span><\/li>\n \t<li><b> <\/b><b>Simplicity and Visibility<\/b><b>: <\/b><span style=\"font-weight: 400;\">This includes simplifying and ensuring visibility of transactions and following the trail of transfers. \u00a0New financial technologies are being created and adopted just for these needs. <\/span><\/li>\n<\/ol>\n<h4><b>WalkMe:\u00a0<\/b><em><b>Looking back on your years of experience, what advice would you give to other CFOs?<\/b><\/em><\/h4>\n<span style=\"font-weight: 400;\"><strong>David:\u00a0<\/strong>I am a firm believer in investing in the training of your employees and increasing efficiency. Employees need to see the broader function of their role in a company to perform at their best, and open sessions, KPIs and most importantly, visibility, \u00a0are ways to encourage this. \u00a0Especially in finance, there are many different segments \u2014 payroll, booking, FPMA, legal \u2014 everybody has a piece of the picture. One way we have achieved this efficiency ourselves is through the <\/span><a href=\"https:\/\/www.walkme.com\/solutions\/industries\/banking\/\"><span style=\"font-weight: 400;\">implementation of WalkMe<\/span><\/a><span style=\"font-weight: 400;\">.<\/span>\n<blockquote>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400;\">\u201cBottom line \u2014 I think any CFO should take a strong look at their employees\u2019 daily tasks and ask: <em>How can I significantly simplify processes, tasks, and team structure<\/em>.\u201d<\/span><\/h2>\n<\/blockquote>\n<span style=\"font-weight: 400;\">Another tip is to save money by implementing adaptive insights for budgeting and for upper management to track costs through BI applications, things that today would be very time consuming in a program like excel. Bottom line I think any CFO should take a strong look at their employees\u2019 daily tasks and ask: How can I significantly simplify processes, tasks, and team structure. <\/span>","protected":false},"excerpt":{"rendered":"FinTech, Bitcoin, Blockchain, ICO, Mobile transfers \u2014 it seems like everyday there is new technology on the market. 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