【正文】 Ufsoft ERP forum HangzhouGroup management of global operations Finance management in the 21st century169。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 2Introduction.1. General accounting. 2. Tax.3. Accounts receivable.4. Accounts payable.5. Payroll.6. Employee Expenses.7. Inventory.8. Fixed assets.9. Project / job tracking10. Internal cost distribution. 11. Financial forecasting.12. Cash management. 13. Foreign exchange.14. Insurance / risk management.15. Investment / borrowing.169。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 3Achieving “excellence” will entail new practices across all finance functional areas.Functional Areas“Common Practice”“Good Practice”“Finance Excellence”? Setting targets based on accounting measures:– EPS/ROE/ROI? Performing basic capital/portfolio analysis? Performing initial MA appraisals? Managing risk against rigid rules? Conducting treasury operations? Building tax plan? Developing funding plan? Compiling business plans? Independently approving or developing capital and operational budgets? Processing transactions? Completing basic accounting/general ledger functions? Monitoring past financial performance against budgets? Reporting financial information against a schedule? Identifying financial impact of business strategy? Understanding drivers of value creation? Analysing background and source data for:– Drivers and trends– Accuracy– Certainty? Developing alternatives for capital/portfolio structure? Developing options and remendations around funding, tax and treasury? Evaluating financial and business risks in context of business objectives? Standardising and streamlining budget process? Using activitybased metrics to identify budget priorities? Automating transaction processing? Developing bestinclass operations against:– Cost– Speed– Quality? Managing improvements of operational processes? Establishing value based measures? Integrating measures to ensure alignment and consistency ? Developing streamlined reporting? Producing realtime data? Adapting output to needs? Responding to investor queries? Contributing to development of business vision? Identifying and modelling likely scenarios? Planning and leading longterm value creation? Proactively identifying external and internal capital allocation options? Evaluating strategic alliances and opportunities? Empowering operational staff to control risks? Managing risk against business principles? Positively managing risks as potential opportunities? Developing budgeting process that:– Is rapid and reacts to opportunities– Includes contingency plans? Facilitating budget as the process which matches planned activities against the strategy? Outsourcing of noncore activities? Combining a balanced set of financial and nonfinancial measures? Aligning measures with business strategy and tactical goals throughout anisation? Communicating strategy through choice of measures? Introducing predictive perspective to reports? Managing investor relationships and expectationsPerformance ManagementCommunicationFinancial OperationsCost Planning and BudgetingFunding, Tax and TreasuryInvestment ManagementFinancial Strategy169。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 4Finance as a powerful tool to run a corporation. ? Frequent parisons of Corporate reporting activities with statutory regulations? Minimal number of Corporate accounts with cost justification of increases? Limited number of reporting entities? Unit accounting operates within Corporate policies and procedures but maintain a separate ledger(s) with a flexible chart of accounts? Common Chart of Accounts? Automated consolidation upload from units? Originator responsible for quality (zeroerror tolerance) ? Automatic interface between General Ledger and subsystems? Transactions are coded with sufficient information for multiple reporting requirements? General Ledger contains only summary data of subsystem activity? Automated account reconciliation? Standard general ledger packages? Multicurrency and multilingual accounting packages? Financial database for analysis r