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449: How Data is Fueling a Not -For-Profit's Greater Mission | Kote Lomidze, CFO, World Learning

449: How Data is Fueling a Not -For-Profit's Greater Mission | Kote Lomidze, CFO, World Learning

FromCFO THOUGHT LEADER


449: How Data is Fueling a Not -For-Profit's Greater Mission | Kote Lomidze, CFO, World Learning

FromCFO THOUGHT LEADER

ratings:
Length:
47 minutes
Released:
Dec 5, 2018
Format:
Podcast episode

Description

Cloud ERP + Time = Strategic Influence When Kote Lomidze became World Learning’s CFO four years ago, he immediately began enhancing the functionality of a cloud-based ERP platform the global educational non-profit had implemented six months earlier. The work, which Lomidze oversaw in a very hands-on way, generated valuable returns as measured in dollars, time and influence. Thanks to his technological savvy, Lomidze and his team spearheaded the adoption of applications that streamlined timesheets and improved the collection of vendors' banking information among numerous other benefits. In all, Lomidze and his team spearheaded the adoption of 10 applications, which greatly reduced the time the function spends chasing data and closing the books. “We spend more time analyzing the data and translating that data into actionable outcomes,” he says. Less time on reconciliations also translates to more time supporting decision-making that “influences how the organization is run,” adds Lomidze, who discusses all of the tools and knowledge he deploys while operating with a for-profit mindset to help sustain World Learning’s mission well into the future.
Released:
Dec 5, 2018
Format:
Podcast episode

Titles in the series (100)

CFO THOUGHT LEADER is a podcast featuring firsthand accounts of finance leaders who are driving change within their organizations. We share the career journey of our spotlighted CFO guest: What do they struggle with? How do they persevere? What makes them successful CFOs? CFO THOUGHT LEADER is all about inspiring finance professionals to take a leadership leap. We know that by hearing about the successes — (and yes, also the failures) — of others, today’s CFOs can more confidently chart their own leadership paths across the enterprise and take inspired action.