Developing a Data Driven Culture

and Business Partnership at DCP

Chris Stevenson, Senior Product Marketing

Manager, Financial Solutions, Anaplan

Alex Vidal, Digital Transformation and Strategy

Lead, Strategic Projects, DCP Midstream

State of the Organization

Guiding Principles

Author of Book: Ori Brafman

Presented at AFP FinNext 2018

Creating the Vision

Creating our Moonshot

Finance Moonshot

ONE SYSTEM

WEONE TRUTH

EXECUTEONE CUSTOMER EXPERIENCE

REAL-TIME ONE TEAM

ONE SYSTEM

A digital leap into the future

• Automated data entry

• Real-time processing

• End-to-end integration

ONE CUSTOMER EXPERIENCE

Always delight our customers

• Consistent, positive experience

• Easy, responsive point of contact

• Strategic relationships

ONE TRUTH

Instant access to reliable data

• Real-time data

• Connected analytics

• Self-service access

ONE TEAM

Best place to work

• Collaboration

• Opportunities to grow

• Recognition at all levels

• Positive employee experience

PROCESS

Process Mapping

• FP&A and Revenue Accounting Focus

• Identified monthly processes and when

employees were busy

• Identified gap of responsibilities that were

filled with “busy work”

• FP&A was busy early in the month

• Revenue accounting was busy late in month

• Combining the functional groups in area

Background

Resulted in...

Process Taxonomy

TECHNOLOGY

Connected Planning Vision

Business Objective of a connected

financial platform:

• Continuous and collaborative

• Incorporate all sources, tech and

methods that enhance planning

accuracy, agility and action

• Leverage insights and analytics from

related efforts across company

• Leverage cloud based software for

self service reporting

• Real-time / Single source of truth for

financial data Drive one version of the truth for financial data in DCP… move from excel to cloud

based platform to drive analysis over process

Current Planning Processes

Future State of Processes

• One System / One Data Source

• Finance focused, companywide

impact

• Data Integrity / Data Clean-up

• It’s one process – we’re

integrating teams

• Move fast! Get to quick wins and

learn along the way

Key Themes:

1 version of truth

90% analysis,

10% aggregation

Technology Timeline

February

2018

FinNext

Conference

Initial Product

Demonstrations

Selection of

two vendors

for Proof of

Concept

Proof of

Concept:

Week long

hackathon

Build three

models

Software

selection

95% of 25

employees

selected

Anaplan

DCP Leadership

Anaplan Visit

DCP Leadership visits

Anaplan prior to

signing

December

2018

Proof of Concept Hack-a-thonObjective: Create models for margin and opex, incorporating supply chain and human capital management

Technology Timeline

February

2018

FinNext

Conference

Initial Product

Demonstrations

Selection of

two vendors

for Proof of

Concept

Proof of

Concept:

Week long

hackathon

Build three

models

Software

selection

95% of 25

employees

selected

Anaplan

DCP Leadership

Anaplan Visit

DCP Leadership visits

Anaplan prior to

signing

December

2018

PEOPLE

People

Results of Innovation

NEXT STEPS

What comes next?

ESTABLISHED FOUNDATION

IN ANAPLAN

Prioritized Use Cases

Lessons Learned and Key Takeaways

• Developing an organizational change requires a village –

need to get key stakeholders involved

• Organizational buy-in is key

• Understand your organizations key pain points and processes –

not just yours

• To transform your finance organization to become a business

partner, you need one version of the truth!!