Digitalization of Finance – Harnessing Digital technology to improve Nasfund member services

 As part of our mission to improve processes to better serve members, the Nasfund recently hosted its 2021 Finance Conference.

With the theme Digitalization of Finance, this conference brought together the Fund’s Finance Team, Board of Directors, and Executive Management, to learn about the efforts made to provide a more efficient finance platform for the Fund.

Team Nasfund Finance who participated in the Finance Conference 2021.
Team Nasfund Finance who participated in the Finance Conference 2021. Photo by Nasfund 

In addressing this conference, CEO Ian Tarutia acknowledged the importance of utilizing current, and emerging technology to enhance services to members.

“Over the last decade, the Fund has moved away from the traditional paper-based record keeping, to an ever-increasing cloud-based record keeping practice.

With the theme digitalization of finance, our Finance Team has taken the lead in utilizing some of the most advanced online platforms now available, to keep track of the Fund’s financial activities, and overall performance.

Given the size of the fund, we believe it is important that our records, and especially our financial Information are recorded on time, and are retrievable at a moment’s notice.

Under the guidance of our Chief Finance Officer Rajeev Sharma, our Finance Team continues to lead the industry in adopting, and using the most efficient programs and applications that are suited to a superannuation fund of our size.

We thank our finance platform partners who continue to provide feedback on how we can improve our performance, and ultimately, our service to our members.”

Similar sentiments were shared by Chairman of the Fund’s Board Audit & Risk Committee, Anthony Yauieb, who encouraged the Finance Team to ensure that the processes in place were being utilized to ensure maximum benefits.

“The efforts of team Finance are critical to the overall success of the Fund.

With the vision of being our members trusted superannuation fund providing quality services and financial security, we are pleased that our Finance team has taken the lead in ensuring that systems are in place that promote greater accountability and efficiency.

This has ensured that we continue to perform well despite the current difficult economic environment.” 

The Finance conference provided an opportunity for a few major vendors to present to the team on emerging developments within the applications that are currently being utilized by the Fund.

These included Green consulting and Trintech technologies from Australia, as well as Deloittes PNG.

The conference also included presentations from two guest speakers – Professor David Kavanamur (Kumul Consolidated Holdings Chairman) who spoke on leadership and emerging markets, and Sundar Ramamurthy (founder of DataCo, and current ncsl Board Director) who presented on utilizing technology to make the member experience more convenient and seamless.

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