Embed Size (px)
Citation preview
Finance Transformation practice and servicesDriving enterprise value amid disruption
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTED
Six reasons why CFOs seek our help
Major acquisition
Assistance needed with day 1 and post-merger acquisition
Significant business shift
Need to address operating model
and ability to partner with
business
Delayed regulatory filing or restatement
Leadership demand for improved
financial close and underlying processes
and systems
Aging systems and data issues
Business demand cloud migration, ERP upgrades, or
other finance system improvements
Digital journey
Competitive demand to upgrade finance with digital capabilities such as
RPA, cognitive, and in-memory computing,
among others
New CFO
Developing a new vision for finance and capabilities road map
1 2 3 4 5 6
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDHOW WE CAN HELP
Order to Cash
Process
Management Applications
Analytics
Architecture
Org
aniz
atio
n St
ruct
ure
Controls &
Compliance
Service D
elivery Model
Polic
ies Talent & Business
Partnering
Procure to Pay
Close, Consolidate
& Report
Other Operational
Finance
Performance
Managem
ent
Driv
ing
Deci
sion
s
Plan & M
anage
the Business
Man
agem
ent
Info
rmat
ion
& In
sigh
t
Tax
Treasu
ry
Technical
Accounting
External Relations
Risk & Compliance
Organization & People
Process & Policy
Information & Systems
Specialized Finance
Operational Finance
Business Finance
FINANCE VALUE
Financial Strategy
What enables Finance
How Finance delivers value
A plan for driving enterprise valueFinance transformation engages virtually every aspect of the finance organization and the business itself. It requires integrated capabilities—from vision and strategy to organization and talent, and from business processes to supporting technology.
You don’t have to do it alone.
With Deloitte’s Finance Transformation services, you can systematically tackle the critical issues facing your finance organization. A structured strategy can help you leverage short-term gains made possible by digital technologies while laying the groundwork for long-term realignment and value generation.
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDHOW WE CAN HELP
Our solutions for your finance organizationOperational finance.
Reinforce top-line business strategies by energizing core operational processes:
• Order to cash
• Procure to pay
• Fixed assets
• Close, consolidate, and report
• Shared services design and implementation
• Outsourcing design and implementation
Business finance.
Catalyze change across the finance organization and the broader business through:
• Principles of performance management
• Planning, budgeting, and forecasting
• Cost and profitability management
• Management reporting and analysis
• Business partnering
Specialized finance.
Fuel broader transformation efforts by shoring up your specialized capabilities in:
• Accounting
• Treasury
• Tax
• Investor relations
• M&A finance
Process and policy.
Institute a more standardized, controlled environment through improvements in:
• Internal audit
• Controls and compliance
• Delegation of authority
Organization and talent.
Embrace the big changes in the way finance services are delivered through a systematic approach to:
• Talent strategy and deployment
• Service delivery model design
• Shared services/outsourcing advisory
• Organization design
• Leadership assessment and development
• Workforce engagement and development
• Change strategy and analytics
Information and systems.
Build a stronger connection between core business strategies and finance information and systems with:
• Finance data management
• Cloud value assessment
• ERP systems implementation
• Performance management systems implementation
• Ancillary systems implementation
• Analytics
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDHOW WE CAN HELP
Data volumes are exploding. Information is flooding businesses, and up to 2.5 quintillion bytes of data are created every day. API proliferation is driving data standardization, but it’s not enough.
Unstructured data is different. Unstructured data from video, photographs, and text creates analytical challenges that challenge finance departments’ technology and talent.
Finance has no corner on analysis. If finance can’t or won’t partner with the business to provide insights and service, people across the enterprise can access their own analytical tools.
Business cycles are in play. Planning, forecasting, capital allocation, and closing are all up for grabs as finance and the business start operating in real time. Periodic reporting no longer drives operations and decisions.
The talent crunch is real. Talent models for digital finance tilt toward data science and business partnering, but finance organizations may not have the right finance professionals in place. The need to recruit for new skills is taking on new urgency.
The present reality of digital disruptionDigital disruption in finance represents opportunities to explore massive amounts of information, to do it quickly, and to distribute knowledge wherever it needs to go. Several realities that are front and center:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDADDRESSING DIGITAL DISRUPTION IN FINANCE
Process robotics can automate transaction processing and communications across multiple systems, mimicking human actions but with less risk of errors and fatigue.
Visualization tool suites complement business intelligence and analytics platforms with images and interactive technology for exploring large, high-density data sets and offering rich graphics and interactivity.
Cloud computing can deliver the full stack of finance functionality as a service through scalable and elastic public, private, or hybrid clouds.
Advanced analytics, beyond anything finance has had previously, easily expands so business people can comb through big data to see patterns that reveal valuable insights.
Cognitive computing, including machine learning, natural language processing, speech recognition, and computer vision, simulates human thinking, learning, and decision-making.
In-memory computing stores data in main memory, resulting in faster response times, reduced storage requirements, and previously unimaginable speed and access to quantities of data.
Blockchain’s digital distributed ledger verifies and secures transactions on a network of distributed and connected notes, without a governing central authority.
With new digital tools, finance can update existing core systems and capabilities while delivering entirely new capabilities—improving finance performance while serving the business more effectively.
Are you embracing digital technologies to uncover new opportunities?Despite challenges, digital offers opportunities for finance to change decades-old paradigms:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDADDRESSING DIGITAL DISRUPTION IN FINANCE
Leadership, including CFOs who are deliberate about the commitments they make, with a sharp view to the future and a clear roadmap for getting there.
Culture, in which every new hire makes finance more digital through new generations who seek more experimentation, innovation, and progress—and less predictability.
New skills, including a solid knowledge of technology and data science combined with a deep understanding of the business itself.
Engagement, where the finance workforce knows the organization is actively and fully committed, both to them and the business goals, and gives them opportunity to learn, grow, and innovate.
People are digital enablers, as well as users of new digital capabilities. So digital finance transformation is fundamentally human-centric because that’s how new ways of value creation are imagined.
There’s more to digital than the toolsTalent is another vital part of the digital puzzle:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDADDRESSING DIGITAL DISRUPTION IN FINANCE
Vision
• What are our aspirations for finance?
• What are the possibilities?
Work
• What is finance’s core role going forward?
• What capabilities do we need?
Workforce
• Who will do what work? What skills will they need?
• How should we be organized?
Workplace
• Where will finance personnel physically work?
• What technology will we need to excel?
Roadmap
• What are highest priority initiatives?
• How should we mobilize?
Is your finance organization ready?Finance organizations should ask important questions before embarking on digital transformation:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDADDRESSING DIGITAL DISRUPTION IN FINANCE
Our practice in numbers
3,300+Clients served globally in
FY18 with Deloitte’s Finance Transformation services
100+Countries with
Deloitte Finance Transformation practices
10kDeloitte practitioners
globally with Finance Transformation
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDWHY WORK WITH US
Advancing Service Breadth or Depth Neutral Diminishing Service Breadth of Depth
Low HighBreadth of Consulting Capabilities
Low
Hig
hD
epth
of C
onsu
lting
Cap
abili
ties
What others say about Deloitte Deloitte has been recognized as a market leader in finance transformation and digital finance:
Deloitte named a global leader in Digital Consulting to the CFO
DeloitteAccentureCapgemini
ConsultingBearingPoint
PA Consulting
Bain & CompanyAT Kearney
McKinsey & Company
KPMG
The Boston Consulting Group
Wipro
CGI
The Hackett GroupAtos Cosulting & Technology Services
PwCEY
IBM
Source: ALM Intelligence; Digital Consulting to the CFO 2016; ALM Intelligence estimates © 2016 ALM Media Properties, LLC. Reproduced under license.
Deloitte named a global leader in Finance Excellence Consulting
Deloitte
BearingPoint
PA Consulting
FTI Consulting
Horvath & Partners
Alvarez & Marsal
Accenture
Marakon
ProtivitiBain & Company
AT KearneyNorth Highland
AlixPartners
Oliver Wyman
goetzpartnersL.E.K. Consulting
Roland Berger
McKinsey & Company
KPMG
The Boston Consulting Group
The Hackett Group
PwC
EY
IBM
Source: ALM Intelligence; Finance Excellence Consulting 2016; ALM Intelligence estimates © 2016 ALM Media Properties, LLC. Reproduced under license.
Advancing Service Breadth or Depth Neutral Diminishing Service Breadth of Depth
Low HighBreadth of Consulting Capabilities
Low
Hig
hD
epth
of C
onsu
lting
Cap
abili
ties
Deloitte recognized as a global leader in Finance Operations Consulting
Deloitte
Accenture
RSM
PA Consulting
A.T. Kearney
L.E.K. Consulting
CrossCountry Consulting
Oliver Wyman
Fahrenheit Group
Roland Berger
BearingPoint
The Boston Consulting GroupAlixPartners
Protiviti
PwCEY
Source: ALM Intelligence; Finance Operations Consulting 2018; ALM Intelligence estimates © 2018 ALM Media Properties, LLC. Reproduced under license.
NavigantBain & Company
Alvarez & Marsal
McKinsey & Company
Goetzpartners
Horvath & Partners
BearingPoint
KPMG
North Highland
Zolfo Cooper
FTI Consulting
IBM
Low HighBreadth of Consulting Capabilities
Low
Hig
hD
epth
of C
onsu
lting
Cap
abili
ties
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDWHY WORK WITH US
The Four Faces of the CFO framework, offering deep insights on the roles CFOs and finance professionals can play in today’s marketplace. Learn more
Crunch Time, our periodically published reports reflecting points of view from Deloitte Finance Transformation’s topmost leaders, industry experts, and CFO peers on hot topics. Learn more
CFO Insights, our bi-weekly article series that addresses the pressing issues that CFOs and finance executives face today. Learn more
Deloitte’s Wall Street Journal CFO Journal, which features Deloitte leaders’ and third-party company insights. Learn more
Thought leadership drives digital transformation Gain perspective and guidance at each stage of your finance journey through Deloitte’s reports, articles, and thoughtware, including:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDGETTING STARTED
Get there faster
In the span of a single day, Deloitte’s Finance Labs enable you to work through a broad range of experiences carefully designed to spark productive action. First-hand participation in one of our Labs is a fast, tested way to gain command of your most pressing finance issues. Our Finance Labs help CFOs and other finance executives achieve three critical tasks: Explore, Prioritize, Mobilize.
Each lab incorporates research-based content, immersive methods and exercises, relevant subject-matter specialists, seasoned facilitators, and an environment consciously designed to spark creativity.
Our FinVENTA™ platform showcases the art-of-the-possible across operational, business, and specialized finance when digital technologies are employed to reimagine processes and how work gets done.
Exploring finance transformation opportunities Clarity and direction for transformation come from exposure to the latest innovations across industries. Deloitte helps you immerse yourself so the vision for your finance organization’s future will crystallize:
1 2
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDGETTING STARTED
Steven EhrenhaltUS & Global Finance Transformation LeaderDeloitte Consulting [email protected]
Yasushi NobukuniAsia Pacific Regional Finance Transformation LeaderDeloitte Tohmatsu Consulting LLC [email protected]
Frank GeelenEurope, the Middle East, and Africa Regional Finance Transformation LeaderDeloitte MCS Limited [email protected]
Fernando OlivaLatin America Regional Finance Transformation LeaderDeloitte S.C. [email protected]
Ready to take the next step? Let’s talk Reach out to one of our senior Finance Transformation leaders to discuss your organization’s journey:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDGETTING STARTED
Steven EhrenhaltPrincipal, US and Global Finance Transformation LeaderDeloitte Consulting LLP+1 212 618 [email protected]
David E. CarneyPrincipal, US Finance and EnterprisePerformance LeaderDeloitte Consulting LLP+1 212 313 [email protected]
Jean WhitePrincipal, US Finance and EnterprisePerformance – Global Business Services & Operating Models LeaderDeloitte Consulting LLP+1 214 840 7384 [email protected] Tadd MorgantiManaging Director, US Finance and Enterprise Performance – Business Finance & Analytics LeaderDeloitte Consulting LLP+1 704 887 [email protected]
Anton SherPrincipal, US Finance and Enterprise Performance – Finance in a Digital World™ LeaderDeloitte Consulting LLP+1 213 553 [email protected] Matt SoderbergPrincipal, US Finance and EnterprisePerformance – Finance OperationsExcellence LeaderDeloitte Consulting LLP+1 214 840 [email protected]
Darin Buelow Principal, US Finance and EnterprisePerformance – Real Estate & Location StrategyDeloitte Consulting LLP+1 773 294 [email protected]
Adrian TayManaging Director, US Finance and Enterprise Performance LeaderDeloitte Consulting LLP+1 213 688 [email protected]
Ready to take the next step? Let’s talk Reach out to one of our senior Finance Transformation leaders to discuss your organization’s journey:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDGETTING STARTED
Girija KrishnamurthyPrincipal, US Oracle FinanceTransformation LeaderDeloitte Consulting LLP+1 714 241 [email protected]
Kelly HerodPrincipal, US SAP FinanceTransformation LeaderDeloitte Consulting LLP+1 214 840 [email protected] John SteelePrincipal, US SAP FinanceTransformation LeaderDeloitte Consulting LLP+1 404 631 [email protected]
Matt SchwendermanPrincipal, US Finance Technology& Workday Financials LeaderDeloitte Consulting LLP+1 215 246 [email protected]
Mark LazzaroPartner, TaxDeloitte Tax LLP+1 404 220 [email protected]
Emily VanVleetPartner, TaxDeloitte Tax LLP+1 404 631 [email protected]
Robert DicksPrincipal, Human Capital CFO Services LeaderDeloitte Consulting LLP+1 917 721 [email protected]
Jessica L. BierManaging Director, US Human CapitalFinance Transformation LeaderDeloitte Consulting LLP+1 415 783 [email protected]
Anthony WaelterPartner, Risk and Financial AdvisoryDeloitte & Touche LLP+1 312 486 [email protected]
David StahlerPartner, Risk & Financial AdvisoryDeloitte & Touche LLP+1 216 589 [email protected]
Chris RuggeriPrincipal, Risk and Financial AdvisoryDeloitte & Touche LLP+1 718 753 [email protected]
Niklas BergentoftPrincipal, Risk and Financial AdvisoryDeloitte & Touche LLP+1 347 371 [email protected]
Ready to take the next step? Let’s talk:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDGETTING STARTED
Jason BarnesPartner, Risk and Financial AdvisoryDeloitte & Touche LLP+1 859 512 [email protected]
Kyle CheneyPartner, Risk and Financial Advisory Deloitte & Touche LLP+1 330 819 [email protected]
Will BiblePartner, Audit and AssuranceDeloitte & Touche LLP+1 973 602 [email protected]
Scott Szalony Partner, Audit and AssuranceDeloitte & Touche LLP+1 248 345 [email protected]
Paul SforzaManaging Director, US Finance & EnterprisePerformance - Government & Public Service Deloitte Consulting LLP+1 618 222 [email protected]
Ready to take the next step? Let’s talk:
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTEDGETTING STARTED
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see HYPERLINK “www2.deloitte.com/us/en/legal/about-deloitte.html” deloitte.com/about to learn more about our global network of member firms.
This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional adviser. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.
Copyright © 2018 Deloitte Development LLC. All rights reserved.
ADDRESSING DIGITAL DISRUPTION IN FINANCEHOW WE CAN HELP WHY WORK WITH US GETTING STARTED
