In Conversation with - Ramkumar Balasubramaniam Head of Finance Middle East Barclays Bank
Q – Your views on digital transformation in finance?
Finance today has a seat at the decision-making table and can chart the course for the functions’ role in the future. But for that, Finance has to ‘seize the day’ and become a leading pioneer of digitalization for the entire organization or risk being overrun by digitalization and shrinking to a Finance Centre of Excellence providing key subject matter support as and when needed.
Q – How can we advance the accounting and finance industry in the UAE and Middle East region?
If Finance and Accounting professionals can participate in Finance events, meetings and networks, sharing their knowledge, experiences, and best practices with peers, it will go a long way in enriching the profession and the industry.
Q - What are the top trends to watch out for in the accounting and finance industry of the region?
Finance Modernization and Digitalization are the key trends. There will pressure to expand service offering while reducing the cost of function.
Q - What is the biggest challenge in the F&A industry in the UAE and the Middle East at the moment?
The key challenge is the Corporate Culture- without a culture that embraces data and information-driven decision making, there is no point in embarking on a Data or digitalization journey!
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