Scientrix & The role of the CFO

The Role of the CFO

© 2005-2011 Scientrix All Rights Reserved

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This document is the property of Scientrix Holdings Limited (“Scientrix”). It contains confidential and proprietary information and is not be disclosed outside your organization. Any use or reproduction of this document, in whole or in part, other than for evaluation purposes, is strictly prohibited without a written declaration of consent by Scientrix. The information contained in the document does not constitute a consulting service.

Confidentiality

The role of CFO has changed in today’s business

environment. The CFO is now more of a business partner to

the CEO, and is closely involved in designing and

overseeing strategy, operations, and performance, while

he faces an increasingly complex regulatory environment.

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Strategic Directions are defined to orientate the Finance

Function toward the creation of shareholder value and

compliance with regulatory requirements

How to create a culture of cost

awareness

How to support growth initiatives ?

How to ensure regulatory compliance ?

How to monitor and manage risk ?

How to master simplicity and speed ?

How to partner with the organization ?

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Shareholder Value is maximized over time through a focus

on Profitability, Liquidity, Growth and Customer Loyalty.

The organization aligns and balances these four

objectives. Shareholder value is also influenced through

Legal, Statutory, Risk and Social responsibility

requirements.

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Let’s see how the CFO supports the organization in

balancing these objectives using the innovative Scientrix

XYZ-matrix based approach.

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The CFO defines the Finance Department’s objectives in

line with organization’ objectives and obligations with the

aim to create sustainable value for the organization. He

then structures and aligns all his responsibility areas to

deliver on these objectives.

An extract of a Finance Matrix

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Every functional manager in Finance defines a contribution

“What to do”, “What to achieve” and “How to achieve”.

Measurements are agreed to track results that derive from

the efforts invested in his or her area.

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Click on “Drive Cash Flow Optimization” if you would like to

view the cause effect relationships that influence the

outcome of this strategy.


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The Treasury Management identifies three tasks: Cash

Management, Account Receivable and Accounts Payable.

He defines critical success factors that will ensure the

successful execution of his responsibilities.


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He identifies tactics for each task that will contribute

towards the achievement of the Critical Success Factors .

The status of the tactics is tracked through performance

measurements.


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“Reduce Credit Risk” breaks up into Process Steps. Each

Process Step is a knowledge repository that contains a list

of best practices, internal controls, flowcharts,

suggestions, and all other documentation. required for its

successful implementation


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The Process Step contains controls that will ensure that

the process step is carried out with quality. You can

monitor compliance with controls through self assessment

or internal audit review.


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Each process step is linked to a Business Process Cycle

that provides its location in a workflow.


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SCIENTRIX supports strategy formulation and aligns

strategies with structure, performance, knowledge,

processes, internal controls and risks, with one single

effort.

Business Strategies Defined

Business Structure Defined

Balanced Scorecard Implemented

Knowledge Management Implemented

Business Process Designed

Internal Controls Implemented

Risk Management Implemented


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Social Collaboration is key to success today. The Scientrix

platform is a web2.0 -based platform that provides each

individual with creative space and a set of management

tools. It always allows them to connect with others, discuss

problems and share information and knowledge


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Scientrix™ is an XYZ matrix-based concept conceived by Rentia Muell in 2004. The concept embeds the key principles of integrative, design and systems thinking.

It provides a way to master the complex, multi-faceted and multi-directional relationships between key variables in complex problems.

It helps to create order in chaos, thought clarity, coordination and perfect alignment. It enhances creativity and knowledge creation, while still remaining logical and sustainable.

The concept is supported with a fully integrated web 2.0 management platform.

Matrix Matrix-in-a-Matrix


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Where can I find our more about Scientrix?

www.scientrix.com

[email protected]

http://www.scientrix.com/

Scientrix & The role of the CFO

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