CFOs – Driving the Digital Transformation

Club de la Transformation Digitale 28/12/16 1

CFO – Driving the Digital Transformation Agenda

�  New roles and new objectives for the CFO

�  The 3 steps of the CFO Digital journey

�  What are the main reasons for CFO’s to embrace Digital transformation?

�  Key end to end business processes to benefit from Digital transformation

�  CFOs driving Digital performance management

�  Big data & analytics technology

�  CFOs roadmap on their Digital journey

�  Highlights

�  Sources

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CFO – Driving the Digital Transformation The role of the CFO continues to evolve

�  The evolution of digital assets, software and services is an opportunity for CFOs to accept and exploit the digital revolution, given their unique position at the intersection of finance, technology and strategy.

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CFO – Driving the Digital Transformation New role and new objectives for the CFO

�  CFOs to evolve to Chief Value Architects ->

�  Delivering growth and managing complexity

�  Accurate & predictive vision on company’s performance & ROI analysis.

�  Data production and communication process

�  Data security and risks, compliance management

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CFO – Driving the Digital Transformation New role and new objectives for the CFOs

�  5 major imperatives:

�  Aligning the strategy across the entreprise (to

transform the strategy into execution)

�  Transforming the operating models �  Managing business performance and find the right

measures to do so (KPIs) �  Build digital technology strategy and digitizing the

finance function

�  Developing advanced finance capabilities

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CFO – Driving the Digital Transformation The three steps of the CFO Digital journey

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CFO – Driving the Digital Transformation What are the main reasons for CFOs to embrace

digital transformation? �  Communication & collaboration:

�  One key success factor is the way this information is provided to business in order to speed up and ease decision-making process

�  New digital performance management tools easy to use, flexible and efficient provide capacity of performing data analyzis for decisions making and monitor decisions through key performance indicators on a real time basis.

�  Collaborative tools giving real time access from anywhere and customized by users.

�  Managing tremendous and increasing volumes of structured and unstructed data to better predict future business trends

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CFO – Driving the Digital Transformation of Finance Key End to end Business processes to benefit from

digital technologies

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CFO – Driving the Digital Transformation of Finance Key End to end Business processes to benefit from

digital technologies

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CFO – Driving the Digital Transformation of Finance CFOs driving digital performance management

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CFO – Driving the Digital Transformation of Finance CFO Digital Master leverages on Big Data and

Analytics capabilities to support predictive analysis

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CFO – Driving the Digital Transformation of Finance Big Data & Analytics technologies allow the evolution

from simple reporting based on historical data to forecasting & predictive modeling capabilities

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CFO – Driving the Digital Transformation of Finance CFO’s roadmap on their Digital journey

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CFO – Driving the Digital Transformation of Finance CFO’s roadmap on their Digital journey

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CFO – Driving the Digital Transformation of Finance Highlights

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CFO – Driving the Digital Transformation of Finance Conclusion

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�  Quelques axes de réflexions ou de discussion:

�  Croire que l’on peut transformer le « front office » sans transformer en amont le « back office » -> les interactions et les transactions augmentent ainsi que les risques de dysfonctionnement. (processus, technologies, compétences)

�  Croire que l’on peut faire l’économie d’un nouveau modèle financier -> la transformation implique un investissement et donc potentiellement une croissance limitée ou une baisse du résultat pendant une période plus ou moins courte et demande une stratégie financière adhoc.

�  Croire que l’on peut déléguer la transformation -> il n’y a pas de stratégie digitale mais une stratégie pour un monde digital et donc la DG doit penser digital au plus haut niveau

�  Croire qu’il suffit de copier les modèles qui fonctionnent pour réussir -> il faut s’inspirer et copier la méthode et pas le résultat pour prendre en compte chaque contexte

CFO – Driving the Digital Transformation of Finance Sources

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�  Accenture

�  Cap Gemini consulting

�  EY

�  PwC