In this forward-looking episode of "Asking Good Questions," host Edward Roske explores the technological revolution reshaping finance with Robert Dika, Chief Financial Officer of the Primex Group of Companies.

As Primex undertakes a comprehensive ERP system selection to replace their highly customized Microsoft Navision platform, Robert shares invaluable insights on evaluating technology partners in the age of artificial intelligence. The conversation reveals how modern finance leaders are navigating the integration of AI capabilities into their ERP implementations, ensuring their systems remain future-proof while addressing industry-specific challenges.

Robert provides a compelling perspective on automation's accelerating role in finance operations, particularly in response to the accounting talent shortage. He details how AI will transform routine accounting processes—from three-way matching purchase orders, invoices, and bills of lading to handling month-end reconciliations and journal entries—freeing finance professionals to focus on higher-value strategic activities.

The discussion extends beyond the finance department to examine how robotics and automation are revolutionizing agricultural operations. Robert explains how Primex and other California agricultural enterprises are leveraging robotics for harvesting and field operations, helping them maintain global competitiveness despite regulatory and cost pressures.

For finance leaders evaluating their technology roadmaps, Robert offers practical wisdom on:

• Selecting ERP systems that incorporate AI capabilities responsibly
• Balancing automation opportunities with human oversight
• Using technology to enhance productivity amid talent shortages
• Maintaining accounting principles like conservatism in increasingly automated environments

This episode provides essential listening for finance professionals, technology decision-makers, and business leaders seeking to understand how ERP systems, AI, automation, and robotics are transforming financial management across traditional industries.

Takeaways

• Accountants must prioritize ethical considerations in their work.
• A passion for numbers can start from a young age.
• Technology has transformed the finance industry significantly.
• Career paths can be non-linear and filled with unexpected opportunities.
• Agriculture presents unique financial risks due to external factors.
• Tariffs can complicate the food industry landscape.
• CFOs must adapt to rapidly changing financial environments.
• AI is becoming essential in finance and accounting roles.
• Communication skills are vital for finance professionals.
• The accounting profession needs to attract more talent.

Chapters
00:00 The Role of Accountants in Business Ethics
03:09 Journey into Accounting and Finance
06:00 The Evolution of Technology in Finance
08:49 Career Path: From Entertainment to Agriculture
12:01 Managing Financial Risk in Agriculture
15:13 The Impact of Tariffs on Agriculture
18:02 CFO Insights: Navigating Financial Challenges
20:49 The Future of AI in Finance
23:57 Operational Efficiencies in Agribusiness
27:09 Key Metrics for Success in Agriculture
30:06 The Role of Communication in Finance
32:55 AI's Role in Transforming Finance
35:50 The Future of Work in Accounting
39:02 Final Thoughts on the Accounting Profession

This episode of Asking Good Questions is brought to you by Caprus.Ai.

Check how we empower the office of the CFO to harness the transformative potential of artificial intelligence (AI) and revolutionize their operations.