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How CFOs Can Meet Profitability Objectives: Interview with: Greg Parkes, Director of Sales, Autopia
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How CFOs Can Meet Profitability Objectives: Interview with: Greg Parkes, Director of Sales, Autopia

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How CFOs Can Meet Profitability Objectives: Interview with: Greg Parkes, Director of Sales, Autopia, a sponsor company at the marcus evans CFO Summit 2013, discusses the advantages of vehicle salary …

How CFOs Can Meet Profitability Objectives: Interview with: Greg Parkes, Director of Sales, Autopia, a sponsor company at the marcus evans CFO Summit 2013, discusses the advantages of vehicle salary packaging programmes.


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  • 1. How CFOs Can Meet Profitability Objectives environment, CFOs need to figure out adoption of the benefit is an easy and how to do more, with less. If possible, relatively risk-free route to increased profit centres should be recession- corporate profitability. proofed , operatio nal eff ic ie nc ies improved, and organisations run as lean What developments should CFOs as possible without compromising the anticipate in the future? quality of products and services. To prepare for this increase in the How can CFOs take advantage of number of novations, CFOs should vehicle salary packaging evaluate the operational capabilities of programmes? their suppliers to make sure that they have the appropriate systems and Between 2011 and 2014 the annual FBT technologies in place to handle theInterview with: Greg Parkes, liability on a typical company car is set volume.Director of Sales, Autopia to almost triple. CFOs can take advantage of vehicle salary packaging programmes by using them to avoid thisChief Financial Officers (CFOs) can increase in tax.increase the organisation’s bottom lineprofitability by implementing vehicle By replacing company cars with carsalary packaging programmes says GregParkes, Director of Sales, Autopia. allowances and novated leasing, CFOs can turn a tax hike, into a tax By replacingA well run novated leasing programme minimisation strategy. company carsdelivers significant tax savings for the The additional benefit is that as ancompany. By implementing efficient employee leaves, their lease is also with carFringe Benefit Tax (FBT) management removed from the balance sheet,systems and supplier processes that areintegrated with the payroll, some CFOs instantly transforming a company fleet into a recession proofed flexible fleet. allowancesreport they are also reducing fleetadministrative overheads by up to 75 Why do novated lease cars make and novatedper cent. This enables the business tofocus on actually increasing the number companies more profitable? leasing,of novated leases, which accelerates Novated leasing enables an organisationcompany tax savings, he adds. to reduce payroll tax and workers’ CFOs can compensation premiums. It does this byFrom a sponsor company at the marcusevans CFO Summit 2013, in the Gold reducing the organisation’s “total Australian wages’” base. turn a tax hike,Coast, Queensland, Australia, 10 - 12March, Parkes discusses how CFOs can Hence the simplest, and most direct into a taxuse novated leasing as a risk-free routeto further accumulating corporate route to generate further financial gain with novated, is to open up the benefit minimisationprofitability. to the entire workforce, increasing the number of novated leases. strategyWhat strategies can be put in placeto overcome the effects of the And now that the risk of unrecoverableglobal financial crisis? FBT liabilities from employees missing kilometres (km) targets is almost aIn order to achieve profitability thing of the past (tiered km bracketsobjectives in a post global financial crisis are being phased out by 2014), mass
  • 2. About the CFO Summit 2013 The F i nan ce N etw o rk – marcus evans Summits group This unique forum will take place at the RACV Royal Pines Golf Resort & Spa, Gold delivers peer-to-peer information Coast, Queensland, Australia, 10 - 12 March 2013. Offering much more than any on strategic matters, professional conference, exhibition or trade show, this exclusive meeting will bring together trends and breakthrough esteemed industry thought leaders and solution providers to a highly focused and innovations. interactive networking event. The Summit includes presentations on ensuring structural consistency, utilising digital and social media to boost financial results and improving the quality and speed of decision making to deliver improved outcomes. www.cfo-anz.com Please note that the Summit is a closed business event and the Contact number of participants strictly Maria Gregoriou, Journalist, marcus evans, Summits Division Tel: + 357 22 849 400 Email: press@marcusevanscy.com For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.comAbout AutopiaAutopia is a vehicle salary packaging company that delivers quantifiable bottom line results to a business. Our unique combinationof vehicle, finance and tax expertise is unequalled in the industry, and it’s these skills that provide our clients with a financial resultno other salary packaging company can match. And unlike our competitors, novated leasing is all we do so our systems have beendeveloped specifically for novated. This results in an increase in operational efficiencies, saving our clients time, and money.www.autopia.com.auAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsCFO Summit (North America) - www.cfosummits.comEnergy CFO Summit (North America) - www.energycfosummit.comTo view the web version of this interview, please click here: www.cfo-anz.com/GregParkes

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