CORPORATE PRESENTATION Corporate presentation.pdf · CORPORATE PRESENTATION DECEMBER 2016 . 2 Owena...
Transcript of CORPORATE PRESENTATION Corporate presentation.pdf · CORPORATE PRESENTATION DECEMBER 2016 . 2 Owena...
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CORPORATE PRESENTATION
DECEMBER 2016
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Why ? Our Approach
Identify all uncertainties that
can affect the expected outcome
on activities and projects.
Risk control initiatives refer to
loss prevention measures or risk
mitigation strategies.
Optimize a blend of risk retention and
risk transfer techniques
(including, but not limited to insurance).
RESPONSE
Control Assess
Assess the materiality of each
uncertainty (likelihood of
occurrence) and their impact
Internal and External Communication
ANALYSIS
A COST-EFFECTIVE RISK RESPONSE
Only one weak link can make the whole chain VULNERABLE.
Consistency & Transparency
Integrity & Fair Dealing
Proactivity & Passion
Rigorous Methodology
Independent Advisors
Commitment
How ?
Finance Identify
Constant Improvement
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Owena A UNIQUE RISK MANAGEMENT TOOL
A Sound Internal Control Environment
A Continual risk Assessment
An Optimized Reporting Process
Specific Training Programs
A Personalized Recruitment Approach
INTERNAL CONTROL
Internal audit
Delivering Shareholde
rs results
INTERNAL AUDIT
OPTIMIZED REPORTING
TRAINING
RECRUITMENT
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Internal Process
Closing File
Transition to IFRS
Training and Tutorship
Personalized Recruitment
Fast Close
Management Account
Budget and Forecast
Risk Mapping
Internal Questionnaire
Finance Manual
OUR SOLUTIONS
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INTERNAL CONTROL
INTERNAL AUDIT
TRAINING RECRUITING
OPTIMIZED REPORTING
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Owena A SOUND INTERNAL CONTROL ENVIRONMENT
We create or reinforce your internal control through a risk optimization against reward by designing mapping, questionnaire and specific procedures.
This process assumes an ability to communicate with stakeholders about the nature of risk, develop a sound internal tool so that the company can respond effectively to the occurrence of unexpected events.
Our Ambition
Your Objectives Our Approach
Your Risk Assessment
Get a risk mapping to clarify roles and responsibilities and to ease the root cause analysis.
Implement a financial manual describing accounting, reporting, organizational and internal control principles.
Provide transparency to your board of directors, your shareholder and your auditors.
Existing documentation
Risk assessment
Key controls
Scorecard by activity
Weighted key controls
Standardized template
Procedures & policies
Visual process flow
Accounting rules
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Risk Mapping
Internal Questionnaire
Finance Manual
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Owena A CONTINUAL RISK ASSESSMENT
We assess the quality of your internal control framework through audit on your process, your closing files and your financial statements.
We standardize and optimize your closing file by converting it to an interactive tool.
This process implies a hands-on, proactive and factual expertise using your own business particularities and constraints.
Our Ambition
Your Objectives Our Approach
Your Risk Assessment
Assess the governance process, the respect of financial procedures along with the compliance with local laws and regulations.
Ensure financial statements are reliable and closing files properly documented.
Implement IFRS consolidated accounts.
Performance audit
Diagrams
Synthetic presentations
Accounting manual
Training booklet
Transparency
Remote control view
Interactive tool
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Closing File
Transition to IFRS
Internal Process
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Owena AN OPTIMIZED REPORTING PROCESS
We standardize financial reporting to make it easily understood, to decrease the restatement risk and to shorten the time to release it.
We assist in system implementation by designing key rules and by providing an independent view to select the tool and integrator.
This process improves data quality and reliability.
Our Ambition
Your Objectives Our Approach
Your Risk Assessment
Define a standard chart of account and investigate how to shorten the closing process.
Leverage technology to enable process efficiencies, eliminate spreadsheets and replace disparate systems.
Implement key performance indicators to monitor cost saving plan and closing process.
A standard chart of account
An integrated reporting system
Tool global design
Workshops & interviews
Independent view
Scoping & planning
Monitoring
Key performance indicators
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Fast Close
Management Reporting
Budget and Forecast
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Owena TRAINING PROGRAMS
We create and develop training solutions for non-finance team by introducing finance, valuation and internal control topics.
We leverage finance team technical skills by delivering customized training or tutorship programs.
This process is defined to assess training needs, then map it and ensure it is run efficiently.
Promote risk management, internal control, cash management and key ratios across all departments.
Deliver best practices and training for finance team.
Assess the existing finance training program.
Forecasting and Budget
Cash Flow
Key Ratios
Accounting Standards
Internal Control
Business game design
Tutorship program
Hands-on training program
Training and Tutorship
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Our Ambition Your Risk Assessment
Your Objectives Our Approach
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Owena PERSONALIZED RECRUITMENT
Accountant
Internal Auditor
Finance Manager
Project Coordinator
Financial Controller
Commitment and leadership
Technical expertise
Business partner relationship
Independent advisors
The Right team at the Right place at the Right time
We assist in the identification of the right finance team member by challenging their technical skills.
We conduct personalized performance interview to develop your finance team.
This process is defined to build up a talent pipeline around the world.
Ensure the valuable candidates to be recruited have sufficient technical skills and expertise.
Get an independent view on your recruitment choice.
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Our Ambition Your Risk Assessment
Your Objectives Our Approach
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APPENDIX
DECEMBER 2016
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Owena RISK MAPPING
Step Process Modeling Cross-Function Mapping Tool
Roles and responsibilities
Project scope and deadline
Rules and actors
CONTROL IMPROVE ANALYSE MEASURE DEFINE
Data collection
Diagrams
Brainstorming exercises
Root cause
Cause and effect diagram
Roles, tasks and transactions
Key controls
Recommendations
Corrections taken into account to fit reality
Audit and control
Project management
Final validation
Roles Better Defined
Who needs to be consulted before decision ?
Who decides ?
Who executes ?
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Our Solution
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Owena SELF-CONTROL QUESTIONNAIRE
Provide a reasonable assurance on the achievements of operations effectiveness and reliability of financial statements, compliance with applicable laws and regulations, safeguarding of resources and fraud prevention.
Ensure the internal control covers all group entities (subsidiaries, branches, joint venture and head office).
Your Objectives Scorecard Sheet
Effective Internal Control Tool
The internal control questionnaire is used to report internal control deficiencies and corrective actions.
The scorecard is weighted since some key controls are considered more important than others.
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Owena FINANCIAL MANUAL
Table of content, list of procedures and reviewers
Project scope, deadline, action plan, task allocation
Key rules for every topics
MONITOR DESIGN DEFINE
Procedure content
Pilot procedure writing
Final validation
Procedures Dispatched
Roles and responsibilities
Key controls
Accounting entries
Connection with different process
Methodology
Benchmarking with best practices
Quality review
Business process
Transactions
Tasks
Process 10.2.2 Process payroll
Process 10.5
Manage the tax
function
Calculate tax
withholding
Calculate premiums
for government
welfare programs
Calculate premiums
for company benefit
programs
Record employee
compensation data
Monitor time and
attendance
Remit deductions to
appropriate agencies
Disburse pay
Calculate gross pay
Update employee
earnings record
Process 8.3.2
Recruit, select,
and hire
employees
Calculate net pay
Calculate
garnishments and
other deductions
Shapes
A connection to a different process
An input to an activity or an outcome of an activity
An activity or a task
An evaluation, decision, or inspection point
A connection with another activity or decision point within the process
Teamwork approach
Weekly project status
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Our Solution
Manual Modeling Cross-Function Modeling Tool
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Owena INTERNAL PROCESS
Our Solution
Our Objectives Our Assignments
Problem definition
Activity constraints
Key actors to be interviewed
DISPATCH EXECUTE ASSESS UNDERSTAND
Diagrams
Discrepancies analyzed
Findings discussed and validated
Appropriate recommendations
Action plan
Visual process flow
Communication and presentation
Final validation
High-decision points
Action plan follow-up
Additional assignments
Methodology
Practical Reports
Independent advisors
Factual approach
Consult prior to final validation
MONITOR
Transactions illustrated
Interviews
Information system identified
Papers and electronic evidence preserved
Compliance audit
Performance audit
M&A audit
Audit Committee
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Owena CLOSING FILE
Our Solution
Closing Tasks Advancement Status
Closing calendar
Closing process description
Capture entries
MONITOR ASSESS UNDERSTAND
Accounting rules
Documentation
Approval process
Closing deadline
Audit track and cross-references
Weekly project status
Key controls
Electronic evidence
Analytical review
More Transparency
Better communication
Remote control
Interactive tool
STANDARDIZE
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Owena TRANSITION TO IFRS
Our Solution
Best Practices Chart Of Account
Project scope
Deadline
Chart of accounts
APPROVE EXECUTE ANALYSE UNDERSTAND
First estimate diagnosis
Benchmarking on best practices
Disclosure
Accounting manual
Training booklet
Instruction
Restatement analysis
Final validation
Disclosure
Action plan
IFRS forum
Alert about update
Process Formalized
Accounting manual
Training booklet
Instruction
MONITOR
Disclosure by activity
Checklists
Memorandums and norms
IFRS Gaap analysis vs. local accounts
Simplified chart of account
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Owena FAST CLOSE
Our Solution
Project scope
Key rules
Key actors and approvers
MONITOR APPROVE ANALYSE MEASURE DEFINE
Data collection
Closing process
Information system
Issues and bottlenecks
Root cause classification
Prioritization of recommendations
Presentation and final validation
New policies
Closing calendar and tasks
Corrective action
Project advancement
Closing Time Reduced
Information simplified and standardized
Risk of restatement reduced
Timely and consistent information
A closing procedure and a monthly schedule on key dates and interdependent tasks
Inconsistent chart of account
No formal closing procedure
Closing process too slow
System not integrated
One standard and simplified chart of account with each account carefully defined with a logic numbering structure
A reduction of manual journal entries and an investigation on the opportunity to perform some closing activities before month-end
One integrated system implemented to collect and consolidate financial information
Common Issues Action Plan
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Owena MANAGEMENT ACCOUNT
Our Solution
Stakeholders
Project scope
Activity constraints
MONITOR IMPLEMENT SELECT DESIGN DEFINE
Process description
Reporting rules
Specifications
Request for proposal
Cost analysis
Solution functionalities
Technical design
Template modeling
Historical data retrieval
Detailed closing calendar
Work in progress status
Team constraints
Real-Time Decision
Standardized reporting templates
Higher ability to make real-time decisions
Project Planning
Forecast & budget cycles
Chart of account
Key controls mapping
Historical data retrieval
User training
Security and workflows
Workshops
General design
Tool selection
Technical design
User acceptance
Historical data retrieval
Training
Application set up
Project Management
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Owena BUDGET AND FORECAST
Our Solution
Instruction
Reporting rules
Accounts coding and cost allocation
MONITOR SIMPLIFY STANDARDIZE UNDERSTAND
Key performance indicators
Template modeling
Quality control
Advancement status
Benchmarking with best practices
Deadline compliance status
Less Uncertainties
Key performance indicators set up
Cost saving plan monitored
Cost Saving Identification
Key dates
Activity guidance
Workshops and interviews
DEFINE CHALLENGE MONITOR
Risks and opportunities
Materiality Threshold
Key actors
Collect and synthetize
Consistency with targets
Site interviews
Action plan
Standardized method
Team allocation
Action plan
Contract management
Activity, geography and project review
Benchmarking vs. peers
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Owena TRAINING AND TUTORSHIP 10
Business Game Simulation - Learning Objectives
SWOT and current-year financial analysis.
Mid-term vision and ambition (business model, milestones and goals).
Marketing strategy (product, price, place, promotion).
An operational, sales, HR and investment plan.
A social responsibility plan (environment, quality and safety).
Forecasted financial statement, ratio and metrics.
Financial Controller Courses - Learning Objectives
A business partner role (educator and communicator).
Accounting principles (French and IFRS).
Financial statement building.
Ratio and metrics.
Generating cash from project.
Management accounts and forecasting.
Treasury and tax management.
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Owena THE RIGHT TEAM AT THE RIGHT PLACE
Skills Development
Define skills needed
Assess technical skills
Performance culture
Happiness environment
Talent Pipeline
Our technical finance expertise will assist you:
Either at job application drafting
Or at shortlisting
Or for final selection
Key Talent Identification
Technical expertise and skills
Full flexibility at any stage
Self-assessment skills
Evaluate achievements and progress
Skills development and tutorship
Prioritize development
needs
DEFINE IMPLEMENT MONITOR
Performance review
Customized training program
DEFINE IMPLEMENT MONITOR
Job description
Level of experience
Profile of candidates
Technical interview
Finance expertise
Joint know-how
Feedback
Independent advisors
Commitment
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Personal Development
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Our Team
Mr. Brasseur has nearly 20 years’ experience of audit, finance, controlling and M&A in oil services, mining, construction and aerospace industries. Prior to creating Owena Consulting, he served as a Group Controller for Desmet Ballestra from 2011 to 2012 and since 2013 as a Finance Director for La Mancha. He started his career as an auditor and consultant at PWC, then held several finance management positions at Safran, Geoservices and Schlumberger covering Europe, Africa and South Asia. Mr. Brasseur is graduated from Skema Business School. He is able to speak French, English, Spanish and Indonesian.
Oil and Mining
Manufacturing Agri-Business
OUR KNOW-HOW
Construction
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THANKS
About Owena Consulting Owena Consulting is a French privately held consulting firm with a share capital of 10,000 euros. For more information, please visit www.owena.fr