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EY Technical Session - July

Wednesday, Jul 24, 2019, 08:30 am - 10:30 am

EY, Level 18 One Raffles Quay (North Tower) Singapore 048583 Singapore
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Chartered Accountants Australia and New Zealand and EY are pleased to invite you to this upcoming technical session on 24 July 2019.

Value-driven reporting: the route to transparency, trust and long-term value

In this era of disruption and heightened regulatory and stakeholder scrutiny, finance teams must not only be highly competent in technical accounting and finance processes; more importantly, they need to be abreast of and harness technologies that efficiently and effectively enhance their performance and that of the business.

CFOs and finance leaders play a critical role in future-proofing their organization by understanding the challenges and solutions, and transforming the finance function to be a strategic partner in the business.

Ronald Wong, Partner, Asia-Pacific Financial Accounting Advisory Services (FAAS), will discuss the need to challenge the corporate reporting system and develop reporting transparency in a way that builds trust from stakeholders.  To achieve this, organizations have to be able to utilize the volumes of data at their disposal and turn it into a strategic asset. Finance teams should rethink their approach to a range of intelligent technologies and consider talent profile and how skill sets can be changed of their existing workforce.  Some key considerations surrounding utilizing technology and transforming skills and capabilities will be discussed in the session.

Blockchain for finance: Beyond the hype

In this segment, we will focus the industrial applications of blockchain beyond the cryptocurrency hype, and understand the value and limitations of the technology, as well as the key trends in blockchain platforms.

The discussion will focus on some of the use cases on how blockchain could be used within the finance function which could potentially consolidate counting records, then reporting teams can spend less time on cross-checking and aggregation, and more time on analyzing data than can be trusted.

The session will be presented by Jimmy Ong, the Singapore Technology Partner and EY Asia-Pacific Blockchain Leader.

Digitization with Robotic Process Automation (RPA)

In this segment, we will dive in-depth into what RPA can do for your organization beyond the displacement of non-cognitive, routine tasks, and how teams can manage the challenges in implementation.

Survey have shown that the most agile finance and reporting teams are using automation to drive new levels of operational agility where they are advanced in using robotic process automation (RPA) to drive new levels of efficiency. And they are using rules-based robotics technologies to automate high-volume transactional finance processes. Some industry players are already exploring the next frontier in automation — intelligent process automation, which combines RPA with AI such as machine learning. These technologies learn over time as they are exposed to more data, allowing finance teams to target high-value finance responsibilities.

Lee Kok Yong, Partner, the Intelligent Automation Leader will share some of the use cases and discuss on some of the potential challenges in creating a digitally enabled workplace.

 

Date: Wednesday, 24 July 2019

Time: 8.30–10.30am Session starts promptly at 8.45am

Venue: EY, Level 18, One Raffles Quay (North Tower), Singapore 048583

Fees: This seminar is complimentary to all CA ANZ members

CPD: 1.5hr

Register by: 17 July 2019

Penalty Terms: A 'no-show' fee of $20 will apply for members who fail to show up and do not cancel their registration by 22 July.