VP Global Process Solutions
Luxury Products Brand
1:30 PM Is Blockchain Ready to Handle our Financial Processes? A Luxury Brand's Proof-of-Concept to Intercompany Accounting
We’ve all heard that blockchain is going to revolutionize the way we run our finance and supply chain processes. So, is the revolution here?….or will we be settling in for a long wait? Our Luxury Products company conducted a proof-of-concept to determine if the benefits of electronic contracts and immutable history would rise above the capabilities of seemingly simpler automation that has been around for years? We used the Intercompany Accounting process as our test case to learn more about blockchain technology and determine if we should invest now, or wait a while for the maturity curve to develop. This session will explore the benefits and challenges of applying blockchain technology to real financial processes, and review the lessons we learned along the way.