A Recap of CFO.Org NY Conference: CFOs Need to Lead the Charge to Modernize the Back Office

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New York, NY (December 13, 2018) The CFO.Org Conference organized by CXOsync was held last week in New York's Westin Times Square on Thursday, Dec. 13th.

Auxis and UiPath, the leading RPA software provider, co-sponsored the event that gathered over 100 CFOs from enterprise and mid-market organizations in the Northeast (e.g. Pearson Education, Sony Music Entertainment, New York Life Insurance, etc).

As part of the program, Raul Vega the CEO of Auxis facilitated a keynote presentation where he shared his perspective on how traditional back office models are not going to cut it in today’s hyper-change business environment and why CFO’s need to lead the charge to Modernize

With almost 30 years of multi-national, business transformation experience, Raul shared key trends and best practices that leading companies are leveraging to modernize their Finance Departments into true enablers of business value.  Some of the specific trends discussed included Robotics Process Automation, Nearshore Outsourcing, Shared Services and BI.

Here’s a summarized recap of Raul’s presentation:

  • One of today’s main challenges for any CFO is to execute on day-to-day demands while delivering greater business value.  The typical back office operation is dealing with these issues:

 The typical back office

  • CFO’s need to lead the charge to Modernize the Back Office by leveraging 4 key building blocks:

Modernize the Back Office

  • Shared Services & Outsourcing models continue to be a growing trend, and midmarket CFOs will need to increasingly leverage these strategies in order to compete and stay relevant in today’s disruptive business environment
    • On average, organizations are managing 83% of their F&A function under a Shared Services Model (45%) or Outsourcing (38%) - 2017 KPMG SSC & Outsourcing Report
    • 59% of organizations are looking to increase its reliance on BPO - 2017 KPMG SSC & Outsourcing Report
    • Latin America represents 24% of the Top 100 Global Outsourcing Destinations Tholons
  •  Low licensing costs coupled with quick implementation timelines and ease of development have made RPA accessible to all industries and company sizes
    • The RPA software market expected to grow by 41% YOY to 2020 – Gartner
    • MIT to launch a new college dedicated to AI backed by $1 Billion
    •  UiPath, one of the top 3 leading RPA platforms in the market, is the fastest growing software company in history – from $1M to $100M+ in less than 21 months!
    • F&A is the top RPA penetrated function (79%) and over 70% of organizations recover their RPA investment in less than 12 months – Auxis 2018 RPA Survey Report
  • Business Intelligence is also a key vehicle in the evolution of the finance department towards a true business value partner that can provide more insights and predictive analytics

    • The Global Business Intelligence (BI) market is expected to grow from $15.6 B in 2016 to reach $29B by 2022 with a CAGR of 11.1%

To get a copy of the full presentation from Raul’s keynote, you can download it here.

If you are interested in attending future CFO.org conferences, below is a calendar of the 2019 CFO events:

2019 CFO events

UPCOMING EVENTS 

Redesigning Compensation Plans
Wed, March 6, 2019, 8-10AM

hosted by The CFO Leadership Council NYC
Offices of Goodwin | NY Times Building
620 8th Avenue, 
26th Floor
New York City, NY  10018

Shared Services & Outsourcing Week
March 11-14, 2019
Disney's Coronado Spring Resort, Orlando FL

CFO CHICAGO 
Sponsor/Presenter
Thurs. March 21, 2019 | 
9:30AM-5:30PM
Chicago venue-TBD

Law School for the CFO 
Wed. April 10, 2019 
Time TBD
Boston venue TBD

Connect CFO Leadership Summit
April 14-16, 2019.

The Red Rock Casino Resort & Spa, Las Vegas 

WEBINAR: 
Creating Value with Finance Nearshore Outsourcing:
Why CFOS Should Take a Closer Look

April 17, 2019 12-1pm EST.
Hosted by Auxis & The CFO Leadership Council

The CFO Leadership Conference 
May 13-14, 2019 
Boston Seaport District

CIO Visions Summit
June 2-4, 2019
Las Vegas, Nevada

Term Sheet Wars
Wed, June 12, 2019 

hosted by The CFO Leadership Council NYC
Time & Venue TBD

Intelligent Automation Week
July 29-Aug 1, 2019
Venue TBD

CFO New York 
Sponsor/Presenter
Thurs. Aug 15, 2019 | 
9:30AM-5:30PM
NYC venue-TBD

PAST EVENTS

Cyber Security: Practical Protection for the Modern Age
hosted by NYC CFO Leadership Council
Wed, January 23, 2019

Business Opportunities in Costa Rica - Breakfast Seminar
January 18, 2019
Fairleigh Dickinson University
Teaneck, NJ 07666

CFO New York
Sponsor/Presenter
December 13, 2018, NY

Future of Digital Production Teams 
Featured Panelist: Raul Vega, Auxis CEO
December 4, 2018, New York City 

Webinar: Where Are We With RPA
VIEW ON-DEMAND RPA webinar

Get exclusive insights on the current state of RPA based on results of our 2018 RPA Study
Presented by: Eric Liebross, Sr VP Back Office Optimization, Auxis 

Midmarket CIO Forum San Antonio, TX
Sponsor & Presenter, The Economics of IT
Sept 30-Oct 2, 2018

Operating Partners Forum - New York
Presenting: Modernizing Back Office Operations in PE Backed Organizations
Oct 17-18, 2018



CFO Chicago
Sponsor & Host of Roundtable Discussions, "The Modern Back Office"
Aug 16, 2018

 

Intelligent Automation Week Chicago
Panel Discussion Where Are We With RPA?  
Presented key findings of our 2018 RPA Study-Download here
Moderated by: Eric Liebross, Sr VP Back Office Optimization, Auxis 
July 30-Aug 2, 2018

Camscat Shared Services LATAM Conference - Costa Rica 
Co-Sponsored with UiPath
Presented: Where Are We With RPA? Auxis 2018 RPA Survey Report-Download here 
July 11-12, 2018 

"The Tech-Savvy CFO: Leveraging Emerging Technologies" 
Hosted by CFO Leadership Council Event

Featured Panelist: Eric Liebross, Sr VP Back Office Optimization, Auxis 
May 15th 

Midsize Enterprise Summit - Orlando, FL
SPONSOR & Boardroom presenter: Robotics Process Automation
Presenter: Alvaro Prieto, Auxis Sr. Managing Director, Founder & Technology Leader
April 29-May 1, 2018

CIO Mid Market Summit - Savannah, GA
Sponsor & Boardroom session presenter: Robotics Process Automation
Presenter: Alvaro Prieto, Auxis Sr. Managing Director, Founder & Technology Leader
April 8-10, 2018

Shared Services & Outsourcing Week - Orlando, FL
Interactive Discussion: The New Location Paradox 

HOSTED BY: Eric Liebross, Sr VP Back Office Optimization, Auxis 
March 19-22, 2018


WEBINAR SERIES: ROBOTICS PROCESS AUTOMATION

Host – Eric Liebross, Sr VP Back Office Optimization at Auxis

PART 1 - RPA 101: Getting Your Feet Wet
OCTOBER 4, 2017 – 1:00 - 2:00 PM EST

PART 2 - Diving into RPA
NOVEMBER 9, 2017 – 1:00 - 2:00 PM EST

WEBINAR SERIES: CHECKLIST FOR EMBARKING ON THE F&A BPO OUTSOURCING JOURNEY!
OCTOBER 11, 2017 – 1:00 - 2:00 PM EST
Hosted by Nearshore Americas & Trinidad & Tobago IFC
Guest Speaker: Auxis CEO, Raul Vega

11th ANNUAL SHARED SERVICES & OUTSOURCING WEEK LATAM
AUGUST 23-25, 2017 – The Ritz-Carlton Coconut Grove, Miami, FL
Chair Sponsor – Raul Vega, Auxis CEO
Booth #1


21st SHARED SERVICES & OUTSOURCING WEEK - SSOW 2017
March 06 – 09th 2017 - Loews Royal Pacific, Orlando, FL
Booth# 423

10th ANNUAL SHARED SERVICES & OUTSOURCING WEEK LATAM 
August 22 - 24, 2016 Ritz-Carlton Coconut Grove, Miami, FL
Chair Sponsor – Raul Vega, Auxis CEO

9th ANNUAL SHARED SERVICES & OUTSOURCING WEEK LATAM 
October 26-29, 2015 - Alexander Resort Miami, FL
Chair Sponsor – Raul Vega, Auxis CEO

AWS re:Invent  
October 6th – 9th 2015 - Las Vegas,NV