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The future and trends in corporate performance management

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The second part of the program series Business Insight was held 17.3.2016. Robert S. Hull, Founder and Chairman of Adaptive Insights, started by sharing his view on the future and trends in corporate performance management.

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The future and trends in corporate performance management

  1. 1. 1© 2015 Adaptive Insights | Confidential & Proprietary The Future and Trends in Corporate Performance Management Rob Hull, Founder and Chairman, Adaptive Insights
  2. 2. 2© 2015 Adaptive Insights | Confidential & Proprietary The World is Changing CFO role is evolving Navigate complexity Manage business performance Manage volatility Embrace technology disruption
  3. 3. 3© 2015 Adaptive Insights | Confidential & Proprietary Financial Performance 50% Financial Reporting & Control 30% 20% Financial Operations Financial Performance 20% Financial Reporting & Control 30% 50% CFOs Want Strategic Focus Financial Operations Source: KPMG
  4. 4. 4© 2015 Adaptive Insights | Confidential & Proprietary CFOs of high-performance businesses tend to be more strategic, providing insightful analytics to the business, executing business transformation initiatives and influencing the strategic planning process.
  5. 5. 5© 2015 Adaptive Insights | Confidential & Proprietary Source: Adaptive’s CFO Indicator Survey, Q2, 2015 Planning processes are inefficient and ineffective Lack of time for reporting & analytics Data silos impede decision making Inhibitors to Being More Strategic
  6. 6. 6© 2015 Adaptive Insights | Confidential & Proprietary Cumbersome Planning Limited Time for Reporting & Error Risk Static Budget, Reactive Finance Line Item Focused Limited Business Engagement Risk Mitigation ! Financial, Operational, Strategic Cross Functional Collaboration Opportunity Identification F U T U R E Business Driver Focused Continuous ForecastingTimely and Accurate Insight Transforming: Tactical to Strategic
  7. 7. 7© 2015 Adaptive Insights | Confidential & Proprietary Data Process People Past Future Present Execs Ops Finance Three Transformation Pillars
  8. 8. 8© 2015 Adaptive Insights | Confidential & Proprietary Past Future Present Start Future Present Past Plan and Predict Measure and Optimize Report and Comply Plan and Strategize Set goals Budget Forecast Measure Analyze Resolve Optimize Account Consolidate Report Comply Source: Forrester’s “Align Financial Processes And Systems For Better Business Value And Compliance” Process: Past, Present, Future
  9. 9. 9© 2015 Adaptive Insights | Confidential & Proprietary Process: Define Process & Cadence/Schedule Data Process PeopleExecs Ops Finance Past Future Present Strategy review Annually Operational plans Semi Annually Financial Plan and Periodic/Rolling forecasts Quarterly / Monthly Results Analysis Real Time
  10. 10. 10© 2015 Adaptive Insights | Confidential & Proprietary Process: Execute Consistently Data Process PeopleExecs Ops Finance Past Future Present Measure and report on the right things Tie evaluation to goals & objectives Use dashboards to communicate metrics Monitor and act on variances
  11. 11. 11© 2015 Adaptive Insights | Confidential & Proprietary Data Process People Past Future Present Execs Ops Finance Sell the process Hire the right team Train the team Cross-functional collaboration People: Staff and Collaborate
  12. 12. 12© 2015 Adaptive Insights | Confidential & Proprietary Data: Finance Providing Holistic Perspective Data Process People Past Future Present Execs Ops Finance Define stakeholder needs Establish key drivers & metrics Define and manage metadata Create data governance framework Focus on relevant & consumable Automate high volume / frequency
  13. 13. 13© 2015 Adaptive Insights | Confidential & Proprietary Transformation is Challenging! 13 Solve self-service and automation first Lack of resources to focus Over communicate to stakeholders and IT Organizational resistance Continually evolve journey Thinking transformation is a one time thing
  14. 14. 14© 2015 Adaptive Insights | Confidential & Proprietary Typical Transformation Stages Enhance Planning Optimize Finance Transform Performance Automatic rollups Fewer errors Faster cycle times Integrated actuals Driver-based models Full financial statements Collaborative processes KPIs & metrics Companywide planning Culture of analytics Strategic scenarios Business model evolution Increase Efficiency & Accuracy Improve Processes & Decisions Create Profound Strategic Value
  15. 15. 15© 2015 Adaptive Insights | Confidential & Proprietary Adaptive Insights 15
  16. 16. 16© 2015 Adaptive Insights | Confidential & Proprietary 3,000+ Customers Worldwide #1 Experience 200+ European Customers We’re the Leader in Cloud CPM Biggest Brands – 350+ Large Enterprises Hottest Companies – 20% of Deloitte Fast500
  17. 17. 17© 2015 Adaptive Insights | Confidential & Proprietary Financial Processes Intuitive Experience Customer Success Integrated Analytics Our Key Differentiators
  18. 18. 18© 2015 Adaptive Insights | Confidential & Proprietary Comprehensive Offerings We’re a true partner committed to your success through a full range of software, services & expertise. Customer Service Professional Services | Support | Education | Customer Success Product Suite Planning | Reporting | Visualization | Consolidation Platform Cloud | In-Memory | Integration Business Solutions Expense | Revenue | Workforce | Capital | Balance Sheet | Cash Flow | Close | M&A | Operations
  19. 19. 19© 2015 Adaptive Insights | Confidential & Proprietary Proven Customer Success Model via Strong Local Partnership Quick Implementations & Rapid Time to Value Educate Evolve Support Launch
  20. 20. 20© 2015 Adaptive Insights | Confidential & Proprietary Where Finance is Headed More Sources. More Engagement. More Analytics I N T E G R AT I O N L Finance will have to integrate data from broader Finance and LOB systems for CPM and Analytics E N G A G E M E N T Finance will look for more ways to rapidly engage LOB managers in CPM and Analytics P R E C I S I O N Finance will expect more sophisticated forecasting and predictive technology and data to aid decisions
  21. 21. 21© 2015 Adaptive Insights | Confidential & Proprietary Kiitos! Contact Me: rhull@adaptiveinsights.com 21

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