Finance Vision 2020 - the future controller
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Transcript of Finance Vision 2020 - the future controller
Capgemini Consulting is the strategyand transformation consulting brandof Capgemini Group
Finance Vision 2020; The Future ControllerGood To Know More
Klaasjan Doeswijk
26 June, 2009
2
Good To Know More; Finance Vision 2020
26 June, 2009
26 June, 2009
Good To Know More; Finance Vision 2020
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Introduction Finance Vision 2020
The finance function is transforming rapidly:
-Emerging global markets;
-Advances in technology;
-Changing socio-political landscape.
Many of these developments will drive the way a CFO works and lives. What is the future role of the CFO in a changing environment? And what will be the role of the controller in the future?
Finance Vision 2020: “It’s not about the money … show me the value”
- CFO CVO
- Controller Business Partner Value Creator
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We foresee 4 megatrends towards 2020
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Say goodbye to blue, here is green
Balancing security and openness
Real and Virtual world
Drive for excellence and talent and stop mediocrity
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0 is about environmentally friendly and the exhausting of natural resources
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1 is about balancing security and openness
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Records Management
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2 is about bringing the real and virtual world more together
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Avoiding the 6- by having a drive for excellence and talent and stopping mediocrity
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Finance Function Master plan 2020 from trends and drivers
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What will your CFO do to commit to the 3 times 20% objective by 2020 meaning 20% less energy consumption, 20% less CO2 and 20% share of renewable energy?
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Finance Function Master plan 2020 from trends and drivers
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What will you do as CFO/ controller to balance our desire for openness and our fears of terrorism, extremism and other threats to our security?
Balancing security and openness
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Finance Function Master plan 2020 from trends and drivers
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How will the ever increasing influence of internet and the introduction of the Virtual Personal Assistant (VPA) that connects the physical with the virtual world impact
on you as CFO or controller?
Bringing the real and virtual world more together
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Finance Function Master plan 2020 from trends and drivers
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Are you as CFO/ is you organization able to attract and retain the most talented, experienced and skilled people in this highly mobile world full of demographic shifts?
Good To Know More; Finance Vision 2020
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How could the Finance Transformation journey towards 2020 look like?
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Welke impact zal de toepassing/ ontwikkeling van informatie technologie op de rol van de Controller anno 2020 hebben?
I don’t have a cristall ball … but let’s discuss the questions raised
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Bent u het eens met de stelling: De volgende drie disciplines moeten continu optimaal samenwerken, volledig afgestemd op de operatie, om zo als een spiegel voor die operatie te zijn: - DE voorwaarde voor profitability & organisational control: Finance, ICT and HRM.
Welke stappen dienen genomen te worden om een CVO unit binnen een detacheringsorganisatie (bijvoorbeeld Yacht) te implementeren om goed voorbereid te zijn op deze nieuwe financiële functie?
Hoe ziet de spreker de gevolgen van de interne druk op "aandeelhoudersvriendelijke" rapportage en de verscherpte aansprakelijkheid bij (vermeend) onrechtmatig handelen door een andere kijk op hetgeen is verantwoord.
Wat is nou echt de trend voor de toekomst voor accounting (boekhouden)/controlling: off shoring, outsourcing of binnen bedrijf houden?
Hoe kijkt de heer Doeswijk aan tegen de plannen die er zijn om IFRS ook voor SME's (MKB) in te gaan voeren?
Good To Know More; Finance Vision 2020
Welke andere of extra competenties moet de controller van 2020 hebben ten opzichte van die van 2009?
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Final thought …
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www.capgemini.com/consulting
Capgemini Consulting is the strategy andtransformation consulting brand of Capgemini Group Copyright © 2009 Capgemini. All rights reserved.
Our next step is to get one level deeper … that’s why we organizing Finance Summit 2009 for coming August 25
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See our advert in the ‘Financiële Telegraaf’ of tomorrow or check www.capgemini.nl/evenementen
Programma:
-10.00-10.30 u Ontvangst
-10.30-12.00 u Plenaire sessie Finance Vision 2020
-12.00-12.45 u Lunch
-12.45-14.15 u Deelsessie Megatrend (1)
-14.15-14.30 u Korte break
-14.30-16.00 u Deelsessie Megatrend (2)
-16.00-17.00 u Plenair en borrel
APPENDIXGood To Know More: The Future Controller
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The future CFO will adapt the financial organization to meet the developments in the changing environment
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CFO organization
Control and Risk OfficeSovereign functions and
risk management
Transformation OfficeInternal driver for change to allow for constant adaptation and
progressive evolution towards high efficiency and effectiveness
Support OfficeOffers “industrialized”
services
Value OfficeIntegrated manager of corporate values in an
holistic way
Str
ate
gic
im
pa
ct
Operational impact
Value Partner
Mandatory function
Transaction factory
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The future CFO will become a value partner covering all dimensions of the company
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CFOperspective
People
IT
Dynamic organization including‒ Value Office‒ Control and Risk Office‒ Support Office‒ Transformation Officein order to pro-actively meet future challenges
Dynamic organization including‒ Value Office‒ Control and Risk Office‒ Support Office‒ Transformation Officein order to pro-actively meet future challenges
“Industrialized” processes will generate the requested internal and external services
“Industrialized” processes will generate the requested internal and external services
The CFO acts asdata & information architectdefining and securing consistent finance-relevant data infrastructure
The CFO acts asdata & information architectdefining and securing consistent finance-relevant data infrastructure
The strategic advantage of the CFO organization in 2020 will be reached through flexible and highly qualified people
The strategic advantage of the CFO organization in 2020 will be reached through flexible and highly qualified people
Data & information
Services&
Processes
Organization
A global and harmonized IT landscape is the backbone for the future organization
A global and harmonized IT landscape is the backbone for the future organization
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The CFO organization offers all its service within a distinct set of roles in order to allow for an optimized interaction with the business
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Ch
arac
ter
of
serv
ice
off
erin
g
Transformation OfficeTransformation Office
Support officeSupport office
• Accounting• Standard controlling services• Intercompany accounting• Cash management / cash
pooling • CO2-accounting
Control and risk officeControl and risk office
• Corporate guideline, standards, methods
• Information architecture• Corporate governance and
legal requirements• Sustainability policy
Value officeValue office
• Group accounting / controlling• Information management• Treasury • Investment / initiative
Controlling• “Green” controlling
Val
ue
par
tner
So
vere
ign
fu
nct
ion
Tra
nsa
ctio
n f
acto
ry
• Risk management on business level‒ Financial risks‒ Business risks‒ Environmental risks
• Financial advisory
• Value management• Forward visibility• Financial advisory• Mergers and acquisitions • Investor management• Ext. stakeholder management
♦ Change management♦ Business case / benefits tracking
♦ Program office♦ Plan / design / build♦ Continuous improvement programs
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The future CFO takes over different roles within the organization
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Global Information Architect & Broker
The CFO ensures full awareness of internal and external perception and information
Chief Value Officer
The CFO acts as CVO - responsible that value is managed and measured at desired levels throughout the company and its network
True Leader
The CFO guides the entire CFO organization according to one conjoint vision
Ambassador of and to Capital Markets
The CFO actively mediates the mutual demands between the capital markets and the company
• Lead finance-relevant aspects inside the whole organization
• Commit the CFO organization to a unifying mission globally and across cultures
• Mediate the financial world and the executive board
• Manage the portfolio of investors• Watch out for business and financial risks
• Act as value officer in various financial and non-financial dimensions
• Drive innovation and performance to foster value for all stakeholders
• Provide world-wide business-tailored information
• Extensive use of IT architecture as backbone of data & information network
CFO
The CFO stands for the financial vision of the company and communicates this inside and outside the CFO organization.
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The relevant HR processes to support the organizational transformation allow for better employee fit, higher job satisfaction & better performance
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Career model Staff development Incentives & retentionRecruiting & staffing
“Accelerating incentive”
“MBA” profile
Cross functional development
programs
Building global leaders
Focused selection
Val
ue
off
ice
Val
ue
off
ice
“Accountant” and/or
“Controller” profile
Standardized contracts
“Training on the job”
Building old-hand experts
“Mass” -recruiting
Su
pp
ort
off
ice
Su
pp
ort
off
ice
Basic profile
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What do CFO’s think of what they will be doing in 2020
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What’s Cool
Decision maker at the forefront, to be perceived as a Chief Value Officer who can contribute to the strategic debate
Focus on people management, value, risks, integrity, growth, innovation and on external challenges
Daily activities include checking the dashboard, ensuring compliance, inspiring and coaching people in the team, judgement and managing external relations with shareholders and investors
The CFO's team consists of diverse people from different nationalities and cultural backgrounds
His KPIs are no longer solely measured in Euros. Other KPIs include reputation and company image, corporate social impact, financial performance and employer value.
What’s not Cool
It is not cool to perform routine tasks; these will be automated.
To work long hours in a fixed working environment.
Excessive travel times
Explaining (new) accounting rules to shareholders
Being overloaded with information.
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The CV of the CFO in 2020
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www.capgemini.com/consulting
Capgemini Consulting is the strategy andtransformation consulting brand of Capgemini Group Copyright © 2009 Capgemini. All rights reserved.