Digital Finance. Copyright 2018

Transcription

1 Copyright 2018

2 can help you solve key challenges of today s finance function QUESTIONS CHALLENGING TODAY S FINANCE FUNCTION Are your finance operations time and cost efficient? Do you utilize the full potential of automation? Do you use data analytics to ensure transparency and accountability? DIGITAL FINANCE TRANSFORMED FINANCE OF THE FUTURE Agile Efficiency Driven Situational Reactive Resource Optimized Cost Savings Oriented Future-proof finance departments will have to leave legacy systems and rely on digital technologies for improved planning, streamlined processes and better cost management. Page 2

3 Our solutions address the key indicators of a transformed finance function DIGITAL FINANCE SOLUTIONS DIGITAL FINANCE INDICATORS Greenfield Budgeting Robotic Process Automation Data Analytics Agile Efficiency Driven Situational Reactive Resource Optimized Cost Savings Oriented Page 3

4 Greenfield Budgeting is targeted at cost optimization and savings GREENFIELD BUDGETING Re-evaluate your budget from line zero to reduce costs, increase transparency and achieve greater profits. Greenfield Budgeting involves justification of all budget line items. WHAT IS REQUIRED? Typical process for Greenfield Budgeting 1 DEMAND ANALYSIS Identify and justify required services 1 Greenfield Budgeting approach can be altered and adapted as per client s need MEASURE IDENTIFICATION Identify cost saving measures IMPLEMENTATION Plan and roll-out identified measures HOW YOU WILL BE IMPACTED Assist in budget planning and optimization Present consolidated view of spending across all BUs Increase organization wide transparency Define clear next steps for process improvement Deliver cost savings of around 25% Page 4

5 RPA can help your finance function to operate more efficiently and smartly ROBOTIC PROCESS AUTO- MATION (RPA) RPA is based on virtual robotic users that don t affect the existing systems and helps in reducing redundant human functions % of applicable rulebased finance activities have the potential to be fullyautomated. WHAT IS REQUIRED? Typical process for RPA 1 IDENTIFICATION & SELECTION Select potential activities for automation OPTIMIZATION & PILOT Test for automation potential on pilot activities IMPLEMENTATION Transfer of processes for automation OPERATIONS Realize benefits through automation HOW YOU WILL BE IMPACTED Free up employee capacity for more value-adding tasks Increase process speed up to 4 times Aid in cost savings ranging from 10 30% Reduce human errors and improves quality 1 RPA approach can be altered and adapted as per client s need Page 5

6 Data Analytics makes finance function agile, responsive and performance driven DATA ANALYTICS Data analytics can help organization to build new revenue streams or optimize the current business processes, while increasing overall transparency. Customized data dashboards can acquire, manage, analyze and present financial data in an interactive setup. WHAT IS REQUIRED? Typical process for Data Analytics 1 SCOPE DEFINITION Define requirements, scope, visualization, expectations BUILD Configure and build data & analytics platform TRAIN Launch dashboard and train relevant staff on usage MAINTAIN Refine content and ensure regular maintenance HOW YOU WILL BE IMPACTED Deliver real-time data to improve finance operations Improve financial planning and forecasting through better insights Reduce time and effort in data reporting Ensure more accountability and control over data 1 Data Analytics approach can be altered and adapted as per client s need Page 6

7 We are able to provide a multidisciplinary team with vast experience in strategy, finance and digital OLIVER RIEDEL Managing Director US Relevant topics of expertise Finance Strategy Budget Forecasting C-Level Support Oliver has over 22 years of management consulting experience and 17 years with energy clients from around the globe. JONATHAN CHEN Principal Relevant topics of expertise Corporate Strategy Cost Optimization Jonathan has 12+ years of experience as a consultant and a P&L leader. Previous employers include A.T. Kearney, Alcoa and the KION Group. MAX DEITMER Partner, Digital Practice Relevant topics of expertise Data Strategy Digital Analytics & Transformation Process Automation Max is an expert in Digital and Data strategy at innogy consulting. With vast exposure across many industries, he brings 10+ years of experience in analytics and data management. SEBASTIAN KOENIG Director, Digital and Data Relevant topics of expertise Data driven Business Models Corporate Data Strategy Business Process Automation Sebastian has 16 years experience in digital, e-commerce and working with data for optimization and reporting across various industries. Page 7

8 We have extensive experience in delivering finance projects supported by our Digital Practice In 2017, our 200+ consultants delivered 91 projects, 40% of these in the Finance segment Our dedicated Digital Practice supports technical implementation of solutions Conventional Generation, Supply & Trading Renewables Grid Retail Digital Practice Mission Statement We discover new business opportunities or optimization potential based on digitalization and realize measurable value by implementing our solutions Key Support Areas Finance 35 Data Strategy Data Management Data Visualization Other 8 Dedicated Staff Growing team of 20+ full-time digital specialists Data scientists, engineers, analysts and experts on demand Page 8

9 innogy consulting combines best-in-class management consulting with deep energy expertise CONSULTING EXPERTISE ENERGY DNA Strategy Development Financial Analysis & Benchmarking Innovation Advanced analytics New digital business models Lean Management Re-organization Change Management Cost Reduction Process Optimization Upstream Renewable power generation Midstream Supply & Trading Distribution networks electricity + gas Downstream Sales to end consumers We have consulting expertise across diverse segments and a proven track-record of impactful projects. We are an energy focused consulting firm with access to experts from the innogy Group. Page 9

10 Since 1981 we have been helping utility clients succeed through our unique access to global energy experts HISTORY LEADING PRACTICES ACCESS TO INNOGY GROUP GLOBAL PRESENCE innogy consulting started its operation in 1981 and in past 37 years it has transformed from a small organization to a global management consulting firm offering various services to utility clients. We offer traditional management consulting expertise within the following practices: Strategy, Operations, Change Management, Digital, and LRN Lab. We have worked on projects spanning across the entire energy value chain. Our extensive knowledge in management consulting is backed by 45,000 global energy experts from the innogy Group, who have practical utility experience and help us in delivering real world recommendations and exceed clients expectations. In order to provide the best client service we have local offices around the world: Essen, Berlin, Munich, Frankfurt, Den Bosch, Prague, London, Dubai, Boston. We staff our projects on a global basis, leveraging the unique expertise of each team member. Page 10

11 200 Portland Street, Boston, MA JONATHAN CHEN Principal Page 11