This was the theme of a roundtable I led as part of the Finance Transformation event in Maarssen (NL) on November 10th 2016.

1. In business for people.Page 1 Proprietary and Confidential
Are Robots going to destroy
the Financial Function?
“
”Ton Dobbe, Chief Evangelist
17-Nov-16

2. Page 2 Proprietary and Confidential
This is your domain
Compliance Performance
24/7 Insight
Continuous Growth
Shareholder Value
Accurate Data
Managed Risks
Compliant Reports
17-Nov-16

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Everything that’s
rule based can
be automated…
And bots are
the ultimate
candidates
What we see…
17-Nov-16

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…And this is how we expect it to impact your domain
Compliance Performance
Accurate Data
Managed Risks
Compliant Reports
Continuous Growth
Shareholder Value
24/7 Insight
17-Nov-16

5. In business for people.Page 5 Proprietary and Confidential
Now, why is this
not a bad thing?
17-Nov-16

6. In business for people.Page 6 Proprietary and Confidential
too much time and
effort spent on not
doing enough of the
right thing…
...or not doing them at all!
“ 56%
of global CFO’s
cannot focus on
strategic priorities
because time spent on
compliance, controls,
cost
”
17-Nov-16
Source: The DNA of the CFO, EY, 2016

7. In business for people.Page 7 Proprietary and Confidential
Inability to continue to
meet stakeholder
expectations
“ 47%
of global CFOs say their
current finance function
does not have the right
mix of capabilities
”
17-Nov-16
Source: The DNA of the CFO, EY, 2016

8. In business for people.Page 8 Proprietary and Confidential
The number of
regulations grow
exponentially
“ Your
challenge:
Inability to
continue to
stay compliant”
17-Nov-16

9. In business for people.Page 9 Proprietary and Confidential
Regulations are
killing innovation
and creativity
“ Your
challenge:
Inability to meet
new norms of being
fast enough”
17-Nov-16

10. In business for people.Page 10 Proprietary and Confidential
So it could take a good
part of your job…
But there’s also good news…
17-Nov-16

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We are at a stage where technology
has the power to amplify people’s
skills beyond their natural limits
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Augment people where
they are at their best
Take the Non-Value adding
Repetitive tasks
What this means – two angles
1 Wasting your time / interruptions
2 Disruption from organisational change
3 Administration
4 Inefficiencies
1 Productivity
2 Focus
3 Creativity
4 Clarity
17-Nov-16

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FOCUS TODAY DESIRED FOCUS
70%
5% of effort
25%
5%
70%
25%
TRANSACTIONAL
SPECIALISED
EXPERTISE
DECISION
SUPPORT
TRANSACTIONAL
SPECIALISED
EXPERTISE
DECISION
SUPPORT
… and that, will give a transformation of focus
17-Nov-16

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Can you make the jump?
17-Nov-16
Levelofempowerment
Level of maturity
Automated
self-service
model
Efficient
process
execution
Flexible
real-time
analysis
Structured
finance
procedures
Manual
Self
drivingAutomate
Manual Tasks
Reduce Input
Required
Exception
Management
Real Time
Insightful
Decisions
Intelligent
Recommendations
Sense potential
problems
Prescribe solutions
Driverless
actions
STANDARDIZE OPTIMIZE PREDICT DRIVE

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Will you be
jobless or… will
your role change
for the better?
17-Nov-16