For a special CFO edition of their magazine, BDO, an international network of public accounting, tax and advisory firms, spoke with Angelique Rooijmans, Vice President Business Analysis & Control at Wolters Kluwer, on how the digitalization of the finance function contributes to the work of the finance professional and its customer.
Angelique Rooijmans leads the Business Analysis & Control department, part of the corporate finance team. She explains: “Our main goal is to understand how our results relate to our corporate strategy and objectives, and where we need to make adjustments. We analyze all our financial results and report back to the board.”
In 2018, 91 percent of Wolters Kluwer total revenues came from digital & services, which increased 6 percent organically. The company’s digital transformation has allowed it to become a market leader, providing platforms and analytical tools to clinicians, nurses, accountants, lawyers, and professional in the tax, finance, audit, risk, compliance, and regulatory sectors.
More digitalization in the finance department
Angelique believes it is time to implement more digitalization in the finance department of the business itself. “We are working on further digitalizing the finance function because we want to operate more effectively and efficiently, with a focus on the customer,” she says. “My customers are the Wolters Kluwer business units worldwide. The better we set up our processes and provide business-related insights, the better they can create value for their final customers.”
The digitalization of the finance department means it is starting to take on a new role: “We are now more of a business partner that advises all departments strategically,” Angelique explains. “That requires different skills.”