【正文】 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst amp。 Young All rights reserved CGEY Hong Kong / 3 August 2020 – Corporate Finance– M. Bunge / page 18 General Electric is able to track all its global businesses in realtime. Full digitisation of GE’s back office: GE is currently working to pletely digitize its back office so that almost 100% of employees can focus on “front office” activities RealTime tracking of all GE businesses in real time: GE is currently leveraging technology in order to be able to monitor all GE businesses at any time Seamless connection with customers: GE is creating a seamless demand chain by exploiting the full potential of its eexchange hubs and clear understanding of customers needs Source: GE, CGEamp。 Young All rights reserved CGEY Hong Kong / 3 August 2020 – Corporate Finance– M. Bunge / page 16 Finance 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 2020, “The new CFO of the Future” KPMG 169。 Young All rights reserved CGEY Hong Kong / 3 August 2020 – Corporate Finance– M. Bunge / page 14 Index. Finance transformation since the 1990’s. Finance control over global operations. Case studies. 169。 Young All rights reserved CGEY Hong Kong / 3 August 2020 – Corporate Finance– M. Bunge / page 12 Finance therefore bees a proactive unit in the firm.. Proactive Agenda ? High fixed cost business model ? FTE cost reductions ? Matrix anization ? Transactional processing consolidation ? Semiintegrated technology platforms ? Large reporting packages ? Renewed shareholder value focus ? Financial transparency and integrity ? Data quality ? Streamlined anizational accountability ? Variable cost of infrastructure and workforce ? Productivity ? Organizational adaptability ? Technology as an enabler Operational excellence Reactive Agenda 1990’s 21st Century 169。 Young All rights reserved CGEY Hong Kong / 3 August 2020 – Corporate Finance– M. Bunge / page 10 All financial processes are coordinated around a mon goal of improving shareholder value. Shareholder Value Enterprise value maximization Transactional processing Management insight How 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。 Young All rights reserved CGEY Hong Kong / 3 August 2020 – Corporate Finance– M. Bunge / page 8 . . . from transaction processing to valueadded decision support. Number Cruncher 21st Century Finance Partner Decision Supporter Number Manipulator 1990’s 21st Century ? Transactions Minimized ? Provider of Significant Strategic value ? Realigned to operate like a business ? Significant Efficiencies Obtained ? Implementing Analytical Solutions ? Reducing Cost of Finance ? Building Effectiveness Foundation ? Non Value Added Function Legend Decision support Control Reporting Transaction Processing Shared services or outsourced financial transaction processing Core finance functions 30%40%10%20% 20%25%35%20%20%35%30%15%10%20%50%20%169。 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst amp。A 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 informati