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Ask, Share, Learn – Within the Largest Community of Corporate Finance Prof Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Aligning HR & Finance: How ReddyIce Transformed to Market Leader

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Effectively managing resources is challenging for any company, and a lack of visibility into information on operational factors that impact margins and drive demand makes it nearly impossible. Despite the fact that companies dedicate 36 percent of revenues to human capital, many accept having less than 20/20 vision into the return they’re getting from this huge investment. How are companies leveraging technology to enable systems across the enterprise (from HR to Finance) to communicate with each other to deliver the real-time information company leaders need to optimize company investments, and the consumption of company resources. Join us as Elliott Lester, VP of IT at ReddyIce shares how his company was able to leverage enterprise-wide visibility to break down operational silos, transform processes, improve product margins, and develop actionable metrics to drive the allocation of key company resources to transform from a company on the brink of extinction to a market leader with sustainable competitive advantage. Manish Patel, Global Vice President of Collaborative Solutions, will join Elliott in sharing actionable advice for companies to leverage

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Page 1: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals

Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Page 2: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

• Understand the technology and techniques that allow disparate business systems to communicate with each other effectively to give companies enterprise-wide visibility into key data

• How to identify opportunities to improve the allocation of key company resources

• Identify the data your company needs to more effectively forecast factors that impact your company’s margins and product demand and how it’s done

Learning Objectives

After attending this event you will be able to:

Page 3: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Welcome to Proformative

Proformative is the leading educational resource for corporate finance professionals.

A resource where corporate finance and related professionals advance in their careers through:

• Uniquely valuable, online peer network

• On demand courses taught by peers and SMEs

• Valuable Features and Resources

Check it out at www.proformative.com

Page 4: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals

Aligning HR & Finance: How ReddyIce Transformed to Market LeaderManish Patel, Global Vice President, Collaborative Solutions

Page 5: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

About Manish Patel Global Vice President at Collaborative Solutions

• Manish is a Global Executive with over 20 years of experience working with Fortune 1000 companies to drive change. He is currently responsible for revenue at Collaborative Solutions, one of the top Workday Consulting Partners.

• Client experiences include Bank of America, DLJ, Charles Schwab, SAP and others. Manish has helped these organizations expand their capacity to delivery technology projects and ensure long term adoption of the new solutions. He has worked with teams over 100 people to successfully deploy global systems and retire legacy applications, resulting in large-scale benefits for organizations.

Page 6: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

• Key Business Metrics

• What To Measure

• Unstructured Data When and Why

• Financial Planning and HR

• ReddyIce Case Study

• Q&A

Discussion Agenda

Page 7: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

What kind of information is worth the cost of collecting it?

Courtesy of www.garycokins.com

“Without interpretation, data is just numbers”

Page 8: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Key Business Metrics

• KPIs are the beginning not the goal always ask Why

• Leveraging Big Data to find causal relationships from unstructured data

• KPIs are not just a single department they are interconnected

• Understand the impacts of influences outside your group, company, region, country impact one another

• E.g. A strike at a factory in Philippines, impacts orders for your clients which could impact their ability to consume product

Page 9: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

What to MeasureHR• Market Comparison• Employee flight risk• Where does our best talent come from • Who are our best managers

Financial• Competitive Position • Sales Performance Revenue Pulse  • Customer Profitability  • Supplier Buying power 

Page 10: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Unstructured Data When and Why

• When should you leverage unstructured data– True product satisfaction

• Linking forums for customer feedback, to linkedin group discussions, twitter tags, know how your customer demographic interacts with one another

– Employee flight risk• Understand past vs current patterns, social media interaction,

networking patterns

– Supply chain risk• Weather patterns, political news, economic factors

– Student Recruiting• High schools, post graduation success rates, college participation

Page 11: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

“In the long history of humankind(and animal kind, too)

those who learned to collaborate and improvise most effectively

have prevailed.”

Charles Darwin

Page 12: Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Thank you for your interest in this presentation. View the on-demand webinar or download the full

presentation at:www.Proformative.com

Aligning HR & Finance: How Reddyice Transformed to Market Leader