【正文】 rmation since the 1990’s. Finance control over global operations. Case studies.169。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 15A global group can only start to control if it has the right finance function.? One of the first steps is to realise that the board’s top responsibility is to the shareholders. Only then are changes possible leading to board reshuffles and the creation of a global CFO.? Many Asian MNC’s have only recently hired a CFO. Sony did so 3 years ago. Fujitsu hired its first global CFO in March 2023. Why this change ?? It is global petition and global requirement to publish transparent accounting that has pushed panies to improve their finance department. And a proper finance department in turn then assists management in building the right structure to manage a business such that it bees petitive. ? CFO’s help top management push through changes that are necessary for a pany’s financial wellbeing, and sometimes survival. CFO’s push through workforce reductions…like at Fujitsu in Japan. ? CFO’s are no longer only focused on numbers. They are being more and more involved in all aspects of the business. It is not unmon that large MNC’s ask the CFO to take over the CEO job. 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 13. .to possess the key characteristics of the 21st century.? Valueadded customer service delivery model.? Highly skilled finance decision support resources.? Financial skillsets “embedded” in key business areas.? Enhanced alignment of strategy and operations.? Integrated budgeting, forecasting, measurement, analysis.? Optimized transactional efficiencies through outsourcing and shared services. ? Integrated processes across the financial supplychain of trading partners.? Advanced webenabled selfservice and productivity enabling tools.? Integrated, corporate portals with secure links to applications.? Integrated projection and analysis tool suites.PeopleProcessTechnology169。 Organizational adaptability167。 Variable cost of infrastructure and workforce167。 Data quality167。 Renewed shareholder value focus167。 Semiintegrated technology platforms167。 Matrix anization 167。 High fixed cost business model167。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 11Quantitative and qualitative benefits of a 21st century finance anization.? Improved shareholder value due to an ability to understand and influence the true drivers that impact it.? Reduced costs due to elimination of shadow finance anizations in the business units. ? Reduced costs due to optimization of transaction processing spend.? Reduced costs due to the elimination of disconnected, financerelated technology purchases.Quantitative Qualitative? Accurate information to react/recover more quickly when the economy changes.? Understanding of how to bine cost cutting efforts with effectiveness improvement efforts to move along the transformation path.? Evolution to a business partnering model between finance and revenue generators. ? Finance savvy enterprise/culture.169。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 9Few panies consider finance to be achieving its maximum efficiency and effectiveness potential.According to CGEY’s RapidFx Benchmark Study ? Only 18% of panies utilize a Group/Sector/Corporate data warehouse.? Only 46% of panies have implemented shared services as a key part of the pany’s business strategy.? Of those that do utilize shared services, only 17% have clear performance measures. 67%, however, view this as very important.? Only 37% of panies say technology has been the key enabler for their shared services. However, 79% say technology should be the most important key enabler for shared services.? Few panies have been successful in leveraging statistical analysis software for internal and external reporting needs.? Few panies are succeeding in driving maximum business value from their technology investments by automating and routing transaction processing.169。 2023 Cap Gemini Ernst Young All rights reservedCGEY Hong Kong / 3 August 2023 – Corporate Finance– M. Bunge / page 7The agenda is shifting. . .Recent agenda? Finance