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Welcome to the CFO Asia Forum 2011 - Session begins at 5 pm Knowledge Management Solutions
Going Beyond the Numbers:  Enhancing the role of  the CFO as a strategic decision maker with Business Intelligence <ul><li...
An Overview <ul><li>Finance professionals are at the heart of any enterprise and significantly impact the Operational Perf...
Observations <ul><li>Good Data: The CFO’s Ultimate Challenge </li></ul><ul><li>Changed priorities for the CFO – Business I...
Business Analytics Challenges <ul><li>Similar Conditions </li></ul><ul><ul><li>Most have Excel Reporting or Existing Dashb...
Agenda <ul><li>Andy Honess, QlikTech,  Vice President  </li></ul><ul><li>Global Enterprise Accounts </li></ul><ul><li>Appl...
Piecing the Financial Bits Together
About Us <ul><li>Business Intelligence and  Corporate Performance  company in Singapore  since  2004 </li></ul><ul><li>Reg...
Knowledge Management Solutions <ul><li>Company Profile & Experiences </li></ul>
Financial Dashboard Platform - QlikView
Unique Value <ul><li>KMS key differentiating factor is our consulting talent.  </li></ul><ul><li>7 years in supporting dec...
Leveraging Dashboard to Optimize the Role of CFOs - DEMO <ul><li>A Review of the KMS Financial Dashboard KPI Metrics </li>...
KMS Financial Dashboard Analytics:  A  “Fly By Wire” Approach <ul><li>A Demonstration </li></ul>
Financial Dashboard – Global Mobility
Data Visualization
Reading the Financial Statement
Platform Offerings
What is QlikView? <ul><li>Integrated </li></ul><ul><ul><li>Digital Dashboard </li></ul></ul><ul><ul><li>Business Intellige...
A Fundamental Difference <ul><li>Associative </li></ul><ul><li>Thought driven </li></ul><ul><li>Natural </li></ul><ul><li>...
We Make Things Easier Customer Profiling (e.g. DW) Financials Projections (Excel ) Local Intelligence (MS Access) External...
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CFO Asia Forum - July 2011, Singapore

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The challenges and opportunities faced today by CFOs and Finance professionals are echoed across all industries. This presentation will help you make the most of Dynamic Analysis by showing easy-to-interpret, visually powerful KPI's in one dashboard view that includes Revenues, Profitability, Cost of Revenues, Net Revenue, SGA, Operating Income, ROI, Gross Profit %, Current Ratio, Inventory Turn, Leverage and more. All in a single view.

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  • Most finance organizations have invested in performance management applications (budgeting, planning, consolidation etc.) to control financial performance, report financial results and automation of report creation and distribution for decades But financial results are a lagging indicator of an organization’s performance. Traditional finance processes like budgeting and financial reporting alone provide little information about the dynamically changing forces that impact financial performance. These applications have delivered on the goals of improved transaction processing and finance process automation. But CFOs today want more than just process improvement, they want the ability to drive strategic decisions and influence enterprise strategy. To elevate the role of Finance from transaction processing and financial reporting to improving business performance and decision-making, Finance must both automate tactical tasks and use its financial knowledge and business acumen to drive insightful decision-making. To gain maximum insight from their financial information, Finance should take advantage of the recent advances in self service business intelligence and analysis What we at KMS have learnt from our interaction with quite a few finance professionals is that historically Performance management has been the domain of Finance and Business Intelligence (BI) the domain of IT. But with recent BI advancements in ease of use, self-service capabilities and SaaS deployment options Finance is taking the lead in driving business decision-making by incorporating BI into the performance management process.
  • Consistent, correct data. That doesn’t sound too complicated, does it? But actually, one of the most daunting challenges facing CFOs and their staffs today is how to ensure that the financial information they supply to stakeholders, both externally and internally, is consistent and correct. Why do we rely on so much manual reconciliation to audit and trace the data flows across systems each month. Gathering all our data into spreadsheets is not managing data – it’s just masking our problems. Not only do we risk creating incorrect numbers, but it drains our productivity by requiring our skilled and highly paid staff to spend inordinate amounts of time hunting and gathering data. IBM have just released their 2010 study of over 1,900 Chief Financial Officers (CFOs) and senior finance executives from across the globe and the verdict is that  “Cost reduction matters to today&apos;s CFO, but Playing their part in the wider corporate strategy is now the top priority for CFOs who no longer rank cost reduction at the top of their agenda.” As a direct result of the economic crisis of the last 18 months, chief financial officers at midmarket organizations have greater clout and decision-making power than ever before, and yet a dispiriting majority of them say they lack insight and access to the data they need to be effective.  The CFOs cited three main priorities in the year ahead: reducing the enterprise cost base, making faster, more accurate decisions and providing more transparency to external stakeholders.  Achieving these goals necessitates the use of technology. Business intelligence and analytics solutions, financial applications and other sophisticated software tools will be critical to helping CFOs get their job done, while affording solution providers tremendous opportunity to serve this market.
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  • Transcript of "CFO Asia Forum - July 2011, Singapore"

    1. 1. Welcome to the CFO Asia Forum 2011 - Session begins at 5 pm Knowledge Management Solutions
    2. 2. Going Beyond the Numbers: Enhancing the role of the CFO as a strategic decision maker with Business Intelligence <ul><li>Ashim Berry </li></ul>
    3. 3. An Overview <ul><li>Finance professionals are at the heart of any enterprise and significantly impact the Operational Performance, Strategy Planning, Execution & Control. </li></ul><ul><li>Stakeholders are increasingly looking to the CFOs as not only those overseeing the books and dealing with the financials. </li></ul><ul><li>Today, significant amount of time and effort are spent daily in preparing and digesting voluminous spreadsheets that provide a lot of data but limited decision-making capability. </li></ul><ul><li>Since Financial Crisis </li></ul><ul><li>3 Mega Shift in Trends </li></ul><ul><ul><li>Loss of Trust from Customers, Corporations & Government </li></ul></ul><ul><ul><li>Demographics: </li></ul></ul><ul><ul><ul><li>New Emerging Markets (Rise of the East) </li></ul></ul></ul><ul><ul><ul><li>Customer Behaviors : Going Mobile, Electronic Forms, etc. </li></ul></ul></ul>
    4. 4. Observations <ul><li>Good Data: The CFO’s Ultimate Challenge </li></ul><ul><li>Changed priorities for the CFO – Business Intelligence moves to top of the agenda  </li></ul><ul><ul><li>Cut the enterprise cost base </li></ul></ul><ul><ul><li>Make faster decisions </li></ul></ul><ul><ul><li>Provide more transparency   </li></ul></ul><ul><li>Ease of use and self service changes the domain of BI. </li></ul>
    5. 5. Business Analytics Challenges <ul><li>Similar Conditions </li></ul><ul><ul><li>Most have Excel Reporting or Existing Dashboards </li></ul></ul><ul><li>Challenges </li></ul><ul><li>Business Visualization was Poor (i.e. Lack of 360 degrees View) </li></ul><ul><ul><li>Technology cause information to display in Silos or In Summary </li></ul></ul><ul><li>Lack of Business Associativity & Granularity </li></ul><ul><ul><li>Risk vs Revenue vs Assets (Granular at the Business Segment Level) </li></ul></ul><ul><ul><li>Canned Reports lack “Dynamism” </li></ul></ul><ul><li>Changes to business rules / dimensions were slow to implement </li></ul><ul><li>Pressure for Transparency & Accurate Reporting demanded by both Internal Customers & the Financial Community </li></ul><ul><ul><li>Senior Management, Line Managers, Investors, Regulators (MAS), Auditors </li></ul></ul><ul><li>Increase Speed of Financial Reporting (Closing the books) </li></ul><ul><li>What is my exact financial position now & compared to our peers? </li></ul>
    6. 6. Agenda <ul><li>Andy Honess, QlikTech, Vice President </li></ul><ul><li>Global Enterprise Accounts </li></ul><ul><li>Application showcase </li></ul><ul><li>Client session </li></ul><ul><li>Discussion & Networking </li></ul>
    7. 7. Piecing the Financial Bits Together
    8. 8. About Us <ul><li>Business Intelligence and Corporate Performance company in Singapore since 2004 </li></ul><ul><li>Regional focus with 250 customers served </li></ul><ul><li>Regional Presence with offices in Malaysia, Thailand, Hong Kong, and HQ in Singapore </li></ul><ul><li>Specializes in the Large MNCs / Government sector </li></ul>
    9. 9. Knowledge Management Solutions <ul><li>Company Profile & Experiences </li></ul>
    10. 10. Financial Dashboard Platform - QlikView
    11. 11. Unique Value <ul><li>KMS key differentiating factor is our consulting talent. </li></ul><ul><li>7 years in supporting decision making for the CFO function </li></ul><ul><li>Wealth of experience in Large Enterprise Global Projects with Complex Requirements </li></ul><ul><li>Different Verticals Expertise </li></ul><ul><li>Consultants with a deep functionality understanding across business domains (Finance, human resources, risk analysis, manufacturing, supply chain, production, etc.) </li></ul>
    12. 12. Leveraging Dashboard to Optimize the Role of CFOs - DEMO <ul><li>A Review of the KMS Financial Dashboard KPI Metrics </li></ul>
    13. 13. KMS Financial Dashboard Analytics: A “Fly By Wire” Approach <ul><li>A Demonstration </li></ul>
    14. 14. Financial Dashboard – Global Mobility
    15. 15. Data Visualization
    16. 16. Reading the Financial Statement
    17. 17. Platform Offerings
    18. 18. What is QlikView? <ul><li>Integrated </li></ul><ul><ul><li>Digital Dashboard </li></ul></ul><ul><ul><li>Business Intelligence </li></ul></ul><ul><ul><li>Management Reporting </li></ul></ul>
    19. 19. A Fundamental Difference <ul><li>Associative </li></ul><ul><li>Thought driven </li></ul><ul><li>Natural </li></ul><ul><li>Freeing </li></ul><ul><li>Flexible </li></ul><ul><li>Collaborative </li></ul><ul><li>Personal </li></ul><ul><li>Empowering </li></ul>Patented In-Memory Associative Technology What Time Memory & Processor Power 64 Bit Traditional Cube OLAP “ Pre-processing ” QlikView Real-time OLAP “ Real-time processing ” <ul><li>In Memory </li></ul><ul><li>Fast </li></ul><ul><li>Light impact </li></ul><ul><li>Visually Interactive </li></ul><ul><li>Summary and Detail </li></ul><ul><li>Portable </li></ul><ul><li>Simple </li></ul><ul><li>Inexpensive </li></ul><ul><li>Integrative </li></ul>The Power of Simplicity How
    20. 20. We Make Things Easier Customer Profiling (e.g. DW) Financials Projections (Excel ) Local Intelligence (MS Access) External Data Source (e.g. Currency Exchange) ERP/CRM Systems
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