siliconindia | | April 20198CHANGING ROLE OF FINANCE IN DIGITAL ERABy Sachin Chitlange, Senior Director - Finance Transformation, CapgeminiSachin is a dynamic professional with over 18 years of experience in the areas of Accounting & Finance, Shared Services Management, Financial Process Management, ERP implementation and Finance transformations. He is a keen strategist and a self starter in managing independent operations & ensuring optimal utilization of resources with reporting to multiple senior stakeholders in matrix structured organizations.Finance as a Role Has Come a Long Way The word finance originates from the French and is sub-sequently adopted by English-speaking regions to refer to the `management of money'. `Finance' today is more than just a word; it has emerged into a highly significant professional & academic discipline. Traditionally, finance itself in any organization aimed to achieve optimal use of the limited financial resources. The scope of finance is mostly confined to the procurement of funds by business houses to address financial needs. This period, i.e., the mid-1950s, is referred to as corporation finance.As the demand for funds continued to increase rap-idly, episodic events, including liquidation, merger, ac-quisition and consolidation have become an integral part of the finance function. Stock Market crash, Great De-pression and Lehman Brothers crash increased emphasis IN MY OPINION
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