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19.04.23 | Slide 1
e-controllingAdapting traditional controlling methods
19.04.23 | Slide 2
e-controllingAdapting traditional controlling methods
Anja
Wolfgang
Manja
Ximena
Niklas
Gisela
19.04.23 | Slide 3
e-controllingAdapting traditional controlling methods
E-CONTROLLING
Innovation strives strategy…
19.04.23 | Slide 4
e-controllingAdapting traditional controlling methods
The core of the business stays the same…
19.04.23 | Slide 5
e-controllingAdapting traditional controlling methods
Goals
Research on financial accounting and management Overview current controlling tools in business Evaluate the impact of the e-wave on controlling Organizational changes Get familiar with the inherent innovations made possible
through the electronical possibilities Get to know worldwide intercultural experience with
friends from Austria, Colombia and Denmark
19.04.23 | Slide 6
e-controllingAdapting traditional controlling methods
Table of content
e-controlling, innovations strive strategy Case Study Organizational changes Major problems when implementing Innovations to implement Inquiry
19.04.23 | Slide 7
e-controllingAdapting traditional controlling methods
Profound transformation of all industries
Broadband Internet connections grow more than 50 % a year
E-commerce retail sales grow 2.5 times faster than total retail sales
The New Economy…
…is here to stay!
19.04.23 | Slide 8
e-controllingAdapting traditional controlling methods
New Economy – New Technology
voice recognition expert systems smart cards e-books cheap storage devices new display devices and video software intelligent transportation systems "third generation" wireless communication devices robots
19.04.23 | Slide 9
e-controllingAdapting traditional controlling methods
The Hype Cycle
© Gartner Research, 2005
Maturity
Visibility
19.04.23 | Slide 10
e-controllingAdapting traditional controlling methods
E-CONTROLLING
To e or not to e
19.04.23 | Slide 11
e-controllingAdapting traditional controlling methods
What is controlling?
supporting managers and processes to show how goals can be set, achieved or improved upon
two main areas of responsibility creating and regularly evaluating planning, control and
regulatory systems, kind of internal consultancy analyse a company and its environment, to identify weaknesses,
develop suggestions to improve the company’s efficiency and ability to make and take decisions
© Reichmann, 2001
19.04.23 | Slide 12
e-controllingAdapting traditional controlling methods
What is e-business?
Characteristics: extremely high dynamic of the market, new instruments, new dimensions (real time), a virtual environment, new processes, which prolong on more than one company, new products and product ideas and new organisational structures
A copy of common management and controlling is not possible
© Friedag, 2005
19.04.23 | Slide 13
e-controllingAdapting traditional controlling methods
What is e-controlling?
Controlling of e-business activities and processes
For the controlling, e-business means changes in targets, changes in supervision objects and changes in measurements
requires a faster and more flexible controlling
19.04.23 | Slide 14
e-controllingAdapting traditional controlling methods
executive controller
objectiveWhat do we want to
achieve?
moderationHow does the planning
take place?
Controlling-Cycle
© Tschandl, 2005
19.04.23 | Slide 15
e-controllingAdapting traditional controlling methods
planWhat did we decide
for?
executive controller
objectiveWhat do we want to
achieve?
moderationHow does the planning
take place?
1.
2.
Controlling-Cycle
© Tschandl, 2005
19.04.23 | Slide 16
e-controllingAdapting traditional controlling methods
actionsWhat has to happen
to achieve ourgoals?
planWhat did we decide
for?
executive controller
objectiveWhat do we want to
achieve?
moderationHow does the planning
take place?
1.
2.
3.
Controlling-Cycle
© Tschandl, 2005
19.04.23 | Slide 17
e-controllingAdapting traditional controlling methods
actionsWhat has to happen
to achieve ourgoals?
planWhat did we decide
for?
executive controller
objectiveWhat do we want to
achieve?
moderationHow does the planning
take place?
deviation-analysis
What kind of deviationsexist?
to beWhat did we want to
achieve?
as isWhat did we achieve?
1.
2.
3.
4.
Controlling-Cycle
© Tschandl, 2005
19.04.23 | Slide 18
e-controllingAdapting traditional controlling methods
actionsWhat has to happen
to achieve ourgoals?
steering-measures
What do we have to do, to still achieve our goals?
planWhat did we decide
for?
executive controller
objectiveWhat do we want to
achieve?
moderationHow does the planning
take place?
deviation-analysis
What kind of deviationsexist?
to beWhat did we want to
achieve?
as isWhat did we achieve?
1.
2.
3.
4.
5.
Controlling-Cycle
© Tschandl, 2005
19.04.23 | Slide 19
e-controllingAdapting traditional controlling methods
actionsWhat has to happen
to achieve ourgoals?
steering-measures
What do we have to do, to still achieve our goals?
planWhat did we decide
for?
executive controller
objectiveWhat do we want to
achieve?
moderationHow does the planning
take place?
deviation-analysis
What kind of deviationsexist?
to beWhat did we want to
achieve?
as isWhat did we achieve?
1.
2.
3.
4.
5.
Controlling-Cycle
© Tschandl, 2005
19.04.23 | Slide 20
e-controllingAdapting traditional controlling methods
Current controlling instruments
© Losbichler, 2003
19.04.23 | Slide 21
e-controllingAdapting traditional controlling methods
CASE STUDY
19.04.23 | Slide 22
e-controllingAdapting traditional controlling methods
Take 2 minutes time and think together with your neighbour(s) of your e-
controlling experience at your country?
19.04.23 | Slide 23
e-controllingAdapting traditional controlling methods
19.04.23 | Slide 24
e-controllingAdapting traditional controlling methods
E-Controlling
Organizational changes
19.04.23 | Slide 25
e-controllingAdapting traditional controlling methods
Organizational changes
company culture and structure
organizational change management
separate area IT
retraining of staff
economic aspects of changes
© Schmidt, 2005
Bakka, 2004
19.04.23 | Slide 26
e-controllingAdapting traditional controlling methods
Organizational changes
company culture and
structure
organizational change
management
separate area IT
retraining of staff
economic aspects of
changes
- re-evaluating
- changing job functions
- effecting the external organization
- impact on the internal organization
19.04.23 | Slide 27
e-controllingAdapting traditional controlling methods
Organizational changes
company culture and
structure
organizational change
management
separate area IT
retaining of staff
economic aspects of
changes
- management communication and care for interested parties
- involving users and other affected early
- role models and driving force
- approval from above and below
19.04.23 | Slide 28
e-controllingAdapting traditional controlling methods
Organizational changes
company culture and
structure
organizational change
management
separate area IT
retraining of staff
economic aspects of
changes
- new responsibility distribution
- internal or external staff
- what can this do the workforce
- completing the implementation
- impact of company size and knowledge
19.04.23 | Slide 29
e-controllingAdapting traditional controlling methods
Organizational changes
company culture and
structure
organizational change
management
separate area IT
retraining of staff
economic aspects of
changes
- preparation is the key to success
- maintaining efficiency
19.04.23 | Slide 30
e-controllingAdapting traditional controlling methods
Organizational changes
company culture and
structure
organizational change
management
separate area IT
retraining of staff
economic aspects of
changes
- development of IT
- the difficult future cost savings
- business standard and partners
19.04.23 | Slide 31
e-controllingAdapting traditional controlling methods
Organizational changes
Technologicalchange
Organizational change
Behavioral change
© Jörgensen, 2003
19.04.23 | Slide 32
e-controllingAdapting traditional controlling methods
E-CONTROLLING
challenges to consider when implementing
19.04.23 | Slide 33
e-controllingAdapting traditional controlling methods
General Problems
risk electronic transactions backdoors problems related to each software validity of electronic information credibility of electronic data codes ignorance of data extraction techniques different interpretations of data data harmonization changes and interferences
19.04.23 | Slide 34
e-controllingAdapting traditional controlling methods
E-CONTROLLING
INNOVATIONS TO IMPLEMENT
19.04.23 | Slide 35
e-controllingAdapting traditional controlling methods
How to implement e-controlling
The best way to implement e-controlling is through specialized software in financial and accountable auditing, thus the companies must adapt its electronic infrastructure and approach their goals to fulfill its operations successfully.
© Valbuena, 2006
19.04.23 | Slide 36
e-controllingAdapting traditional controlling methods
Software
CAAT – Computer Assisted Audit Tools XML – Extensible Markup Language XFRML – Extensible Financial Reporting Markup Language IDEA – Interactive Data Extraction and Analysis ACL ERP – Enterprise Resource Planning CRM – Customer Relationship Management WizRule SAP Financing
19.04.23 | Slide 37
e-controllingAdapting traditional controlling methods
E-CONTROLLING
e-business or no business
19.04.23 | Slide 38
e-controllingAdapting traditional controlling methods
19.04.23 | Slide 39
e-controllingAdapting traditional controlling methods
INQUIRY
19.04.23 | Slide 40
e-controllingAdapting traditional controlling methods
Do you know e-bay?
24
5
0
10
20
30
Yes No
51
10
0
10
20
30
40
50
60
Yes No
16 %
82 %
17 %
83 %
professors students
19.04.23 | Slide 41
e-controllingAdapting traditional controlling methods
Do you know Amazon?
51
11
0
10
20
30
40
50
60
Yes No
82 %
18 %
25
4
0
10
20
30
Yes No
86 %
14 %
professors students
19.04.23 | Slide 42
e-controllingAdapting traditional controlling methods
Have you ever bought something on the Internet?
3 4
7
15
0
10
20
never up to 5times
up to10times
morethan 10times
14 %10 %
24 %
82 %
professors
5
31
19
7
0
10
20
30
40
never up to 5times
up to10times
morethan 10times
8 %
31 %
11 %
50 %
students
19.04.23 | Slide 43
e-controllingAdapting traditional controlling methods
Have you ever send something back?
34
28
0
10
20
30
40
Yes No
55 %
45 %
7
22
0
10
20
30
Yes No
24 %
76 %
professors students
19.04.23 | Slide 44
e-controllingAdapting traditional controlling methods
Why do you prefer e-business?
1318
22
12
0
10
20
30
easier moreoffers
takeslesstime
able todo itfromhome
62 %45 %
76 %
41 %
professors
27
41
22 23
0
10
20
30
40
50
easier moreoffers
takeslesstime
able todo itfromhome
66 %
44 %35 % 37 %
students
19.04.23 | Slide 45
e-controllingAdapting traditional controlling methods
Do you use e-banking?
37
25
0
10
20
30
40
Yes No
60 %
40 %
25
4
0
10
20
30
Yes No
86 %
14 %
professors students
19.04.23 | Slide 46
e-controllingAdapting traditional controlling methods
Do you worry about data mining?
20
9
0
10
20
30
Yes No
69 %
31 %
professors
9
51
0
10
20
30
40
50
60
Yes No
15 %
82%
students
19.04.23 | Slide 47
e-controllingAdapting traditional controlling methods
Gets a computer even closer?
55
7
0
10
20
30
40
50
60
Yes No
89 %
11 %
23
6
0
10
20
30
Yes No
80 %
20 %
professors students
19.04.23 | Slide 48
e-controllingAdapting traditional controlling methods
How many hours to you spend in front of your computer?
02
15
12
0
10
20
none up to 2 up to 5 up to 10
7 %
52 %
41 %
professors
2
41
18
10
10
20
30
40
50
none up to 2 up to 5 up to 10
66 %
3 % 29 % 2 %
students
19.04.23 | Slide 49
e-controllingAdapting traditional controlling methods
19.04.23 | Slide 50
e-controllingAdapting traditional controlling methods
The hype continues…