Naseba hosts 2nd CFO Strategies India in Mumbai

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Mumbai, September 18: : The second day of Naseba’s 2nd CFO Strategies India started on a high note with a presentation on challenges of being a global company from M D Ranganath, CRO & VP, Infosys Technologies. Ranganath in his presentation discussed the strategies of winning in a flat world by sharing with the CFOS Infosys experiences of dealing in a global economy. During his presentation, Ranganath discussed the different dimesions of the challenges including global workforce, global market penetration, and global compliance.

The next presentation addressed the challenge confronting today’s organization in relation to data explosion. Mr Mukesh Jain, Senior General Manager and Head of Global Business solutions in his presentation from ICICI Bank said, “Today the timely delivery of business, critical for data analysis purposes, is a critical factor for success. We need to fuel analytic applications with comprehensive, timely data in order to drive revenue growth, identify risks, and trends and improve products and services, grow market share and enhance customer loyalty.” Mr. Jain citing the example of ICICI explained to the CFOs on how ICICI is taming data explosion with the help of Sybase solutions. Taking the discussion further Mr Sunil Jose, Managing Director, Sybase India and sub-continent said, “Organizations need to grow by seeking the unfamiliar. More than a decade into internet era, we work in an increasingly unwired enterprise and in an increasingly mobile economy. Enterprises need to focus on solutions to extend enterprise systems to remote wireless device – the forerunner to today’s unwired strategy.

Moving from technology to strategic management, the session also had an interesting panel discussion discussing the value CFO can add to the integration or acquisition process. One of the panelists, Saumen Chakraborty, president, CFO and global chief of IT/Business Process Excellence at Dr Reddy’s Laboratories said that after an acquisition, the CFO has to analyse the financial and cultural fit of the organization. “The most critical part is to appoint managers in each vertical to bridge the gap between the work culture of both the organizations. Mr Sanjay Jain, President and Group CFO, Essel Group echoed the sentiment and added that managers in marketing, operating and financial teams have to be appointed immediately to deliver results in the merged or acquired entity.