Why jump at the chance to manage an automation project
Have you ever thought that your automation tools could help you advance in your career? 54% of CFOs say promoting an automation project has helped their career advancement. It’s a good boost for business leaders to think about how finance automation, and automation in general, can help both their progress and that of their employees.
So how can an automation project help career progression?
Regardless of the department in which the project is implemented or the tool chosen, leading an automation project develops important negotiation and management skills.
There are various stages involved in setting up a new system, from initial research and information calls with vendors to ensuring its long-term success; and all of these steps require unique skill sets.
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Choose the right tool
DiviPay recently surveyed over 500 CFOs and asked them what was the biggest challenge when trying to automate an area of finance. The number one answer was being able to find the right technology to meet their needs.
This highlights the challenges associated with sourcing technology and gives an edge to professionals who have already executed automation projects. Having contacts in the tech industry and knowing who to turn to when a need for automation arises can give an employee an edge over other candidates when looking for opportunities for advancement.
Negotiating a good deal and business membership
Being able to present cost-effective solutions for automation challenges shouldn’t just be a financial concern, it should be a consideration for anyone in a business looking to implement a new tool. But some people are more comfortable with negotiations than others. Working with suppliers to get the best possible package builds important skills that employees can apply in other areas of their job.
Negotiation skills may also be needed for internal discussions. 20% of CFOs surveyed by DiviPay said their C-suite colleagues disagree with them on finance automation. This underscores that anyone wishing to champion an automation project must hone their persuasive skills and be prepared to present an airtight business case for a new technology.
Implementation project management
Most small and medium-sized business employees don’t have the luxury of having a project management team ready to lead the implementation of a new technology tool. This will fall to the manager who championed the software and their team. Seen with the right attitude, this situation is actually a great opportunity.
Developing project management skills, and perhaps even pursuing formal qualifications in this area, increases an employee’s intrinsic value to an organization. Their project is more likely to be a success if it is well planned and executed, and they will also be able to advise on other projects. Project management skills are never lost.
The technology market and software implementation projects are growing exponentially. For business leaders struggling to find the time and resources to manage automation projects, the opportunity to develop skills and pave the way for career progression should not be minimized. For more on how to overcome automation challenges, read: ‘Finance Automation: Victories, Challenges, and What’s Next‘
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