agile finance · agile finance – the new operating model for modern finance moderator : steve cox...

Agile Finance – The New Operating Model for Modern Finance Moderator: Steve Cox Group Vice President, ERP and EPM Product Marketing John Mageropoulos Vice President Cloud ERP, GE Digital Steven Stalley Senior Director of Finance, Oracle

GENERAL SESSION

Moderator: Steve Cox Group Vice President, ERP and EPM Product Marketing

John Mageropoulos Vice President Cloud ERP, GE Digital

Steven Stalley Senior Director of Finance, Oracle

Agile Finance – The New Operating Model for Modern Finance GENERAL SESSION

Copyright © 2017, Oracle and/or its affiliates. All rights reserved

time spent on transaction processing by the average Finance function 49%

17% Control

20% Decision Support

13% Management Activities


The Global Talent Shortage

The Rise of the Robots

The Accelerating Disappearance

of Jobs

Exponentially Increasing Customer

Expectations

Business Model Volatility

Digitally enabled approaches helped GE generate more

than $800m+ in incremental income in 2013

70% of Finance leaders say human capital is of

concern

Wider robotics adoption boosts manufacturing productivity

30%

5.1 million jobs lost to disruptive labour market

changes by 2020

47% of US consumers expect a response to a

routine query within an hour

Five Catalysts for Digital

Transformation


Discontinuous Change Rules

Ability to Respond

The New Pace of Change

Processes Resources Infrastructure

Competition

Innovation

Regulations

EU Referendum Jun ‘16

US Election Nov ’16

Customer Expectations

457 Visa Announcement Apr ‘17

Australian IT Spend Nears

$87 Billion Gartner, April 2017

Enterprise Software +7.1%

The IT Performance Gap


And its operating model

Finance Must Rethink its Mission

OPERATIONAL EFFICIENCY

Cost & Quality Command & Control

Process & Transactional

OPERATIONAL AGILITY Growth & Speed Learning & Adaptive Collaborative & Analytical

BALANCING EFFICIENCY WITH AGILITY

Steven Stalley Senior Director of Finance

John Mageropoulos Vice President, Cloud ERP

Imagination At Work

A Transformational Journey Step 1: Consolidate 200 ERPs to 40

Step 2: Use data-driven processes in IoT automation Step 3: Activate data-driven predictive maintenance processes

Step 4: Using a unified global business core

“…Dream With Us”


Saved $1+ Billion USD Per Year Through Operating Efficiencies

Oracle’s Transformational Journey

Simplify

Standardise Automate

Plan: One Best Process Result: Less Risk, Better Visibility

Plan: Same Way Everywhere Result: Faster Time to Value

Centralise Plan: Use Centers of Excellence Result: Greater Efficiency

Plan: Minimise Manual Activities Result: Higher Productivity


The new operating model for modern finance

Agile Finance Revealed

THROUGH RELENTLESS AUTOMATION

Greater Efficiency

TO PREDICT THE FUTURE

Better Information

TO DRIVE BUSINESS OUTCOMES

More Influence


T R A I T S O F A G I L E F I N A N C E L E A D E R S

Through relentless automation

Greater Efficiency

Brett Sweet CFO Vanderbilt University

For us, machine learning, robotic process systems, and automation are critical and really tied to our business processes. They give us the discipline we need to not make everything an exception.” “

End-to-end processes are being streamlined, automated and

centralised

Robotic process automation (RPA) is being applied to high-volume,

repetitive tasks

Machine learning & embedded controls to improve process efficiency

and strengthen the management of risk & compliance


T R A I T S O F A G I L E F I N A N C E L E A D E R S

Centralised centers of excellence for reporting, M&A,

finance talent

Self-service analytics widely available across the enterprise

Use of predictive analytics &

artificial intelligence to generate new

insights

Use of non-financial KPIs in conjunction with financial KPIs

Tracking KPIs to support improvements in FP&A and

business partnering

To predict the future

Better Information


Business leaders want finance professionals to interpret data within their unique business context. They are asking us to come with recommendations tailored to their business issues, so it’s critical that business partners understand the strategy of the business, what metrics are most significant, what the competitive landscape looks like, and then advise leaders accordingly.” “ Ivgen Guner

Senior Vice President, Global Business Finance, Oracle

• Created Global Business Finance Training Academy

• FP&A certifications

• Rotations and succession planning

• Products and systems training

• Targeted Development for High Potential Talent

More Influence

GBF TRAINING ACADEMY

Be Your Best

On-Demand Professional Development Training

GBF Overview (Oracle Products and Systems)

Mandatory Training

NEW HIRE TRAINING

GBF ACADEMIES

MANAGEMENT TRAINING

All employees: your first 6

months in GBF

Role-based training for COE, business partner support,

and business partners

Ongoing career development for

new and experienced

managers


Transform Your Business with Oracle

Enable rapid innovation to scale

Adopt standardisation

Keep pace with change

agile finance · agile finance – the new operating model for modern finance moderator : steve cox...

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