After remaining largely unchanged for decades, the financial close is undergoing a significant evolution from a static to a continuous process. The continuous close is especially prevalent and successful among businesses that combine applications of the latest digital technologies, such as artificial intelligence, with deep process knowledge and design thinking. By maintaining a continuous close, a finance team accelerates a business's access to forward-looking, predictive information, which the finance team can use to guide decisions and establish its role as a strategic partner with the business.
During this Webcast, Victoria Hernandez, Accounting and External Reporting Leader at Mondelēz International, and Vivek Saxena, Senior Vice President, Record to Report service line at Genpact, will share their real-life experiences streamlining the R2R process to support a continuous close. Attend this Webcast to gain insights on:
- Current challenges and bottlenecks that finance teams are encountering with a traditional approach to the financial close
- How digital technologies, such as artificial intelligence and robotic process automation, can make an on-demand financial close a reality
- Why a continuous close requires that finance leaders align applications of technology with effective processes and governance
- How to start your journey from a static to a continuous close
About the Speakers
Victoria Hernandez, Accounting and External Reporting (AER) Lead, Mondelēz International
Victoria Hernandez is the Accounting and External Reporting (AER) lead in the MBS Finance Tower for Mondelēz International. She has been in this role since 2017. This role supports the overall AER agenda, including partnering with the service provider and many internal finance stakeholders across the globe. She also has responsibility for Mondelēz International's global indirect tax team.
Previously she was the Director of Consolidations for Mondelēz from the time of the 2012 Kraft Foods split. She has held various positions with Mondelēz over the years in the areas of category finance, R&D finance, operations finance, and product line reporting. Victoria holds a bachelor's degree in accounting from Rockhurst University and a master's degree in management from Northwestern University. She passed her C.P.A. exam in Illinois.
Vivek Saxena, Senior Vice President, Record to Report service line, Genpact
Vivek Saxena is the Senior Vice President for the Record to Report service line at Genpact. He is responsible for developing domain expertise, designing process solutions, and implementing digital transformation projects. Vivek has more than 20 years of experience in closing, consolidation, process transformation, and software design. He joined Genpact in 2006 from Oracle Corporation, where he led product management for Oracle applications. He has filed two patent applications in the U.S. office for process and robotic maturity models.
About the Moderator
Joe Fleischer, Editorial Director, Finance Channel, Argyle Executive Forum
In his role as finance channel editorial director with Argyle Executive Forum, Joe Fleischer focuses on developing virtual events on topics that reflect the primary concerns and priorities of senior finance executives. He is based in New York.