【正文】 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 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. People Process Technology 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 15 A 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 2020. 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 2020, “The new CFO of the Future” KPMG 169。 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 17 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 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。 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst amp。 2020 Cap Gemini Ernst am