Why Technology Isn't Optional for SMEs, with Ayman Kaouri
We are thrilled to bring you the latest episode of our podcast series, FinTalk, where we dive deep into the world of financial technology. In this episode, our Co-Founder and CEO, Ivan Jesus, engages in an insightful conversation with Ayman Kaouri, Co-Founder & Chief Tech Habibi of Scope Solutions, to explore why embracing technology is no longer optional for businesses aiming to stay ahead.
Key Highlights:
The Evolution of Technology in Finance
Ayman shares his journey from early exposure to tech as a child to becoming a leading figure in financial technology. He highlights how cloud-based solutions have transformed the finance function, making them essential for any business that aims to stay competitive in today’s fast-paced environment.
The Risks of Delaying Tech Adoption
One of the central themes of this episode is the cost of falling behind. Ayman discusses the risks businesses face when they delay adopting new technology, from losing market share to increased inefficiencies. He stresses that staying ahead of competitors requires early adoption of tech solutions that streamline processes and improve decision-making.
Automating Financial Processes for Efficiency
Automation is a game-changer for modern finance teams. Ayman explains how businesses can significantly reduce manual tasks through automation, freeing up valuable time to focus on strategic initiatives. He also shares real-life examples of companies that have successfully transitioned to tech-driven finance functions, improving both productivity and profitability.
Turning Technology from a Cost to a Profit Driver
A standout moment in the podcast is Ayman’s discussion on shifting the mindset around technology investments. He explains how tech can be a profit driver rather than just a cost, by increasing efficiency, reducing errors, and enabling teams to scale their operations. Businesses that invest in the right technology not only save money but also position themselves for long-term growth.
Upskilling Your Team to Embrace Technology
Ayman highlights the importance of upskilling finance teams to fully leverage the technology available. By retraining staff to use new tools and platforms, businesses can ensure they are getting the maximum return on their technology investments. Upskilling also helps retain top talent by providing employees with growth opportunities and making their roles more strategic.
Why People Still Matter in the Tech-Driven Finance Function
While technology plays a significant role in modern finance, Ayman emphasises that people remain critical to success. Human insight is needed to interpret data, make informed decisions, and maintain a strong relationship with clients. Technology enhances, but does not replace, the need for skilled finance professionals.
The Future of Financial Technology
Looking forward, Ayman predicts that technologies like AI and machine learning will continue to revolutionise the finance sector. These tools will enable businesses to make more informed, proactive decisions, further blurring the line between finance and strategy.
Practical Steps for Implementing Technology
Ayman provides practical advice for businesses looking to embark on their technology journey. His key recommendation: start small and scale. By focusing on one area at a time—whether it’s automating accounts payable or improving cash flow forecasting—businesses can gradually build a tech-driven finance function without overwhelming their teams.
Tune In Now!
Our discussion with Ayman Kaouri offers a wealth of knowledge on how technology can transform the finance function. From understanding the risks of delaying tech adoption to practical steps for implementation, this episode is packed with actionable insights. Whether you're a tech novice or a seasoned professional, Ayman's advice will help you future-proof your business.
Listen to the podcast on Spotify and YouTube. Stay tuned for more expert discussions as we explore the latest trends in the world of finance.
