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Being a champion of change means promoting exploratory efforts and leading or supporting product evaluations to address inefficiency within the organization. This might be done by suggesting alternative technologies or processes, and by being a proponent of pilot testing promising solutions or software options in a live environment, such as volunteering to pilot test possible candidate technologies within ones own department.

Today, you are the CFO of DargeanGrix, Inc. If needed, review the document. Youve identified an area in the organization in which you think things can be improved, and you have an idea about how this can be done. Consider how you would champion this change, and think about what you would need to present to your collegues in senior management in order to make the case for exploring the idea for the change in DargeanGrix.

Make a video argument to your senior leader peers, and present your reasoning for your improvement idea. Discuss the change, technology, or new process that the idea entails. Post the completed video to the discussion forum. You may include a slide presentation to supplement your video argument.

The video should be at least 3 minutes and no more than 5 minutes in length and cover the following elements:

Explain your idea for improving a DargeanGrix process.
Explain how your idea would help improve the process, department, or organization.
Explain why your idea can help move the organization or department forward.
Discuss what you are willing to do to support the exploration of the idea (e.g., research the possibilities, be the pilot test department, lend team members to the project development, etc.).
Explain how these elements will help provide additional information or other possibilities for improving the process, department, or organization.

 

Sample Solution

As the CFO of DargeanGrix, Inc., champion a change by proposing an improvement idea and presenting it to senior management.

Response:

Video Title: Streamlining Accounts Payable for Enhanced Efficiency and Cost Savings

Video Script:

“Good morning, everyone. Today, I want to discuss an opportunity to streamline our accounts payable process, which I believe can significantly enhance our organization’s efficiency and reduce costs.

Currently, our accounts payable process is manual and time-consuming. This often leads to delays in payments, errors, and increased administrative costs. To address these issues, I propose implementing an automated accounts payable system.

This system would automate tasks such as invoice capture, data entry, and approval workflows. By automating these processes, we can reduce manual errors, improve payment accuracy, and accelerate the time it takes to process invoices.

Moreover, an automated system can provide us with real-time visibility into our cash flow, enabling better financial planning and decision-making. Additionally, it can help us identify potential fraud and improve our compliance with financial regulations.

To support the exploration of this idea, I am willing to:

  1. Research potential vendors and solutions: I will conduct thorough research to identify suitable automated accounts payable systems that align with our organization’s needs and budget.
  2. Lead a pilot project: I am prepared to volunteer my department to pilot test a selected solution, providing valuable insights into its implementation and effectiveness.
  3. Provide necessary resources: I will allocate the necessary resources, including budget and personnel, to support the pilot project and subsequent implementation of the automated system.

By exploring this improvement idea, we can gain a deeper understanding of the potential benefits and challenges associated with automating our accounts payable process. This information will help us make informed decisions about whether to proceed with implementation and identify any necessary adjustments or modifications.

I believe that automating our accounts payable process is a strategic investment that can deliver significant value to our organization. I urge you to support this initiative and join me in exploring the possibilities for improving our efficiency and reducing costs.”

Slide Presentation:

  • Slide 1: Title: Streamlining Accounts Payable for Enhanced Efficiency and Cost Savings
  • Slide 2: Current Challenges: Manual process, delays, errors, increased costs
  • Slide 3: Proposed Solution: Automated accounts payable system
  • Slide 4: Benefits: Reduced errors, improved accuracy, faster processing, better cash flow visibility, enhanced compliance
  • Slide 5: Pilot Project: Volunteer department, resource allocation
  • Slide 6: Conclusion: Strategic investment, potential for significant value

This video presentation effectively champions the change by presenting a compelling case for automating the accounts payable process, highlighting the potential benefits, and outlining the steps to explore the idea further.

 

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