As seen on The Star Metro (13 April 2019)
AGOS Asia, a local company specialising in assisting companies to transform their finance, human resources and procurement functions, launched the second leg of its annual Finance Summit: CFO Conference in Kuala Lumpur.
The event, attended by AGOS Asia founder/chief executive officer and AGOS Asia Summit chairman Joon Teoh, was held at Connexion@The Vertical, Bangsar South.
AGOS Asia has been working hard to ensure finance and accounting as the emerging career choice of the future.
Continuing its success from the first summit last year, the two-day summit carried the theme “Don’t Adopt IR 4.0, Ride It!” and featured more than 30 speakers from various industries. They included Alliance Bank Malaysia Bhd group chief executive officer Joel Kornreich, Celcom Axiata Bhd chief executive officer Idham Nawawi and Westports Holdings Bhd director Datuk Ruben Emir Gnanalingam Abdullah.
“AGOS Finance Summit offered attendees the opportunity to tap into the experience of key finance practitioners who have successfully undertaken the journey of automation, Robotics Process Automation (RPA), artificial intelligence (AI) and data analytics in delivering value for their businesses,” said Teoh.
“Well into our second year, we intend for the summit to be an active platform for industry members to discuss how Finance & Finance Shared Services (FSS) can push forward the Fourth Industrial Revolution (IR 4.0) through making RPA, AI, cloud and blockchain as enablers of transformation.”
The summit offered networking opportunities with other fellow finance leaders, and also featured sharing sessions from industry experts, including sharing of insights on the challenges and key success factors in adopting these new technologies for organisations.
Key highlights included digital transformation, process automation, robotics, artificial intelligence and awareness on the possibility of blockchain within finance, procurement and related business processes.
“The IR 4.0 is making waves in the business world, with industries scrambling to adapt to fast-changing technological trends, in order to stay relevant in today’s market. Finance and accounting professionals spend 90% of their time performing transactional work, leaving them very little time for value add, let alone strategic finance,” said Teoh.
“Hence, automating and robotising these repetitive processes, which tend to be voluminous and prone to error, would increase efficiency, effectiveness and stronger governance.”
Aside from knowledge sharing and transfer, the summit also acted as a platform for multinational companies and global shared services to interact with other Malaysian GLCs and SMEs.