33 min listen
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
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)
213: Building Your Finance Team's Talent Competencies, Ash Noah, CGMA AICPA: Ash Noah, CGMA AICPA by CFO THOUGHT LEADER