Kevin Appleby and Bill Genovese discussed the convergence of digital technologies between the CFO and CEO/IO roles, emphasizing the importance of collaboration between these two roles. Kevin Appleby and Bill Genovese later discussed the importance of cost avoidance, cybersecurity, and cultural change in navigating digital transformation, highlighting the need for organizations to adapt to new technologies and ways of thinking. Both conversations emphasized the value of collaboration and sharing experiences to better navigate the complexities of digital transformation.
Key topics covered include:
An overview of Bill Genovese’s background in financial services and technology consultingThe concept of digital convergence and how technologies overlap to solve business problemsExamples of how ERP systems evolved to integrate finance functionsThe CFO-CIO partnership in regulatory compliance projects like Basel IIOpportunities for cost avoidance and cloud strategies through legacy modernizationCybersecurity considerations like the zero-trust architectureEmerging technologies like quantum computing and associated risksWhen a company should consider hiring a dedicated CIO/CTO roleThe importance of culture and mindset for successful digital transformation https://www.youtube.com/watch?v=a8ABQhD9miI&t=10s
Links
Bill Genovese on LinkedInKevin Appleby on LinkedInGrowCFO MentoringTimestamps
0:00:11 Introduction and welcome0:00:48 Bill Genovese introduction0:00:51 Bill discusses his background0:03:49 Kevin shares experience at IBM0:04:04 Continued discussion of Bill’s background at IBM0:05:01 Kevin recalls experience leaving IBM0:05:28 Bill defines digital convergence using an overlapping circles diagram0:07:05 Discussion of technology convergence e.g. smartphones0:07:20 Bill shares he still has an original Palm Pilot0:07:31 Kevin agrees about going back to old technologies0:09:39 Kevin discusses finance systems integrating from other systems0:11:36 Bill discusses ERP implementations in the early 2000s0:12:36 Kevin discusses ongoing issues with budgeting/forecasting0:13:21 Discussion of better budgeting solutions from the early 2000s0:14:38 Kevin introduces discussing CFO-CIO partnerships0:14:46 Bill discusses regulatory compliance projects0:17:50 Kevin agrees to spend money intelligently 0:18:10 Bill discusses his relationship with CFOs0:19:56 Discussion of multi-cloud strategies and related risks0:20:50 Kevin raises security concerns about multi-cloud0:24:48 Bill discusses zero trust architecture and quantum risks0:25:14 Bill’s view on when a company needs a CTO role0:26:11 Discussion of Bill’s CFO Tech Outlook article0:26:50 Bill discusses other publications and viewpoints0:28:51 Discussion of Bill’s experience in China0:30:09 Kevin thanks Bill for the discussion Find out more about GrowCFO
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