It need not be too cumbersome though if you ask Claus. For Finance it means that new capabilities must be developed in those that have the ambition to become a CFO. What will be the consequences of the change?įor companies, the benefit will be that a different type of CFO can boost value creation. This frees up time and resources to bring in different capabilities to the CFO role and enables the paradigm shift which is coming at us at great speed.
#Big beancounter software#
Now they can choose a best-of-breed approach and choose purpose-made software for solving most accounting tasks” “The cloud has enabled companies like Konsolidator to build solutions that enable smaller companies to do what was reserved for larger companies in the past. In many ways, the cloud is changing this according to Claus.
To be sure to comply with rules and regulations and ensure safe and stable operations they have typically gone with a beancounter CFO. They simply cannot afford to have someone who knows both Accounting and business. To be fair the change has already happened in most large companies but in SMEs not so much. To avid readers of this blog, this is no surprise but still, we must wonder why we are yet to see the massive exodus of the once CPA CFOs. “There is a paradigm shift on the way, and it is telling us that the beancounter CFO is on the way out!” I asked Claus where he sees the biggest potential to disrupt the finance function. The interview is part of my series where I speak to Danish startup founders in AccountTech.Ĭlaus is the most hardcore finance professional I have spoken to as part of this interview series and perhaps that is also why it took a different turn.
This frees up time in your schedule to use the numbers rather than producing them. Konsolidator digitalize, automate, and streamline consolidation and financial reporting processes. Konsolidator provides cloud consolidation tools to SMEs who are not in scope for the large consolidation tools such as Hyperion Financial Management or OneStream.