【正文】 ure for productivity and “value” added Finance? Speed and transparency? Advances in technology? Changes in the the way business is done? Distribution of skills across the anization? GlobalisationChanging expectations? Value added finance ? Accessible and visible business intelligence performance measures? Greater speed, flexibility, responsiveness and cost efficiency? Self service / better service? Collaboration and connected munities? Multiskilled employees1990’s 21st Century169。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 6Index.Finance transformation since the 1990’s. Finance control over global operations.Case studies.169。 FTE cost reductions167。 Streamlined anizational accountability167。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 16Finance helps large groups develop strategies. ? Three core aspects to change in business is creating a new role for CFO’s.? Globalisation? New techniques and concepts? Technology? Major challenge for CFO’ is to formulate and municate strategy, both internally and externally. Once strategies are formulated, then these have to be translated into action plans and finance plays a key role in implementing and driving the strategy. Source: Factiva 2023, “The new CFO of the Future” KPMG169。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 24THANK YOU !169。 1故人江海 別 ，幾度隔山川。 三月 217:16 下午 三月 2119:16March 11, 2023 19:16:5619:16:5619:163/11/2023 7:16:56 PM 11 三月 20237:16:56 下午 19:16:56三月 21 楊 柳散和 風(fēng) ，青山澹吾 慮 。 1知人者智，自知者明。 2023/3/11 19:16:5619:16:5611 March 2023 11 三月 20237:16:56 下午 19:16:56三月 21 1越是沒有本 領(lǐng) 的就越加自命不凡。 1少年十五二十 時(shí) ，步行 奪 得胡 馬騎 。 19:16:5619:16:5619:16Thursday, March 11, 2023 7:16:56 下午 7:16 下午 19:16:56三月 21 1他 鄉(xiāng) 生白 發(fā) ，舊國 見 青山。 雨中黃葉 樹 ，燈下白 頭 人。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 20Financial reengineering was one ingredient in Nissan’s recovery after 10 years of losses. ? Nissan implemented consistent financial measures and a database for business analysis. The system allows Nissan to have:? A mon chartered account.? A single reporting and consulting system.? A mon consolidation system with Renault.? Now all 315 Nissan panies will report to the same chartered account and adhere to the name accounting rules and principals. The system will report on the Japanese GAP, the US GAP and European international accounting standards. ? With this database, it is now possible to extract the reports according to:? Company.? Business function.? Market.? Product. Source: CGEY169。 Technology as an enablerOperational excellence Reactive Agenda1990’s 21st Century169。 Large reporting packages167。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 10All financial processes are coordinated around a mon goal of improving shareholder value.Shareholder ValueEnterprise value maximizationTransactional processingManagement insight Coordinated transformationHow does finance optimize, grow, downsize, and invest in order to drive shareholder perception?How does finance synthesize and analyze data to provide true business intelligence supporting critical decisions?How does finance significantly improve or even get out of the traditional finance transaction business?169。 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 da