Will there be finance after digital?

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1 Will there be finance after digital? The EY Digital Finance Lab in Eschborn, Germany brings together technology, people and innovation to help you explore how finance functions can effectively manage disruption.

2 Disruption has finally come to the finance function Today, we stand on the brink of a technological revolution that will fundamentally alter the way we live and work. While the first three industrial revolutions took centuries to unfold, the fourth has already made radical system-wide innovation within a few years or even months possible. Internet of things, big data, blockchain, automation and artificial intelligence are all opening up possibilities and disrupting business models across industries. The finance function has been the least disrupted so far. But with businesses becoming more data-driven than ever before, this is set to change, and change fast. Disruption of the finance function also means disruption of the role of its leader the CFO. Among the key disruptors of the finance function will be digital, data, cyber risks and uncertainty, regulation and stakeholder scrutiny. CFOs agree. In a recent EY survey of more than 750 finance leaders, nearly 605 said that they need to build their understanding of digital, smart technologies and sophisticated data analytics in order to deliver against their critical strategic priorities. 2 Will there be finance after digital?

3 Digital disruption can feel like being caught between the promise of rain and the threat of drought. While it offers the opportunity to build new business models and revenue streams, it also makes the organization vulnerable to competition from new players and agile incumbents, and exposes it to new risks. CFOs who understand how best to turn disruption to their advantage while adopting a mature approach to risk management will have the competitive edge. By demonstrating disruptive technologies of today and tomorrow we want to work with you on defining the appropriate way to leverage disruption for your Finance and GBS organizations. Christian Mertin Executive Sponsor EY Digital Finance Lab EY Global Solution Leader Global Business Services Will there be finance after digital? 3

4 EY Digital Finance Lab blending technology, people and innovation to manage disruption 4 Will there be finance after digital?

5 The disruption of finance functions is not a reality of the distant future, but actually very near. To help CFOs and finance functions prepare for the challenges of digital disruption, EY has founded the EY Digital Finance Lab, which will blend technology and innovation in customized ways. Imagine a simple screen transforming into a 360 audio and visual experience, with various data sources right there at your fingertips and innovative finance solutions coming to life in the most interactive way. With the EY Digital Finance Lab, this is now a reality. Our new lab has been specifically designed for CFOs and their finance teams that are faced with the challenges and opportunities of continuous change, digitalization and disruption. The lab accommodates up to 20 people and is equipped with the latest technology, including real-time graphic solutions on large touch screen walls. Our lab has been specifically designed to explore the future of the finance function. It is the physical, mental and digital space where, together with the CFO clients, we ask better questions and explore those innovative technologies that will help them face the challenges and seize the opportunities of continuous change, digitalization and disruption. The lab creates an environment for visitors to: Get a glimpse into the future of finance and experiment technologies that will help you manage various real-life business scenarios. Explore new ways of strategic decision-making based on real-time data analysis and simulation of business operations. Discover advanced applications of technologies, such as RPA and S/4 HANA, in a customized 360-degree touchscreen setup. Leverage our finance-relevant collaborations with leading technology firms to scout for disruptive technologies in an environment that is conducive to out-of-the-box thinking. Learn from industry leading practices, and insights and trends from across sectors. During your visit, you could: Sit through highlights of all showcase scenarios. Attend deep-dive workshops for specific showcase scenarios. Participate both the highlights session and also deep dive into a few showcases customized to your needs. Will there be finance after digital? 5

6 Discuss the evolving role of the CFO, their hopes, fears and legacy Evaluate a CFO s peer group and direct reports based on strategic priorities Build an 180-day action plan based on strategic priorities and relationship management outcomes CFO onboarding Co-create your response to the digital revolution, understand latest trends, and identify areas of focus and actions to future-proof your finance function Discover how to turn data into knowledge to help the business take informed decisions by adding external data to your corporate data and applying cognitive computing to unlock pockets of growth Participate in an interactive digital readiness evaluation and further gap analysis on process, organization and people readiness Digital finance Explore support provided by SAP S/4 HANA to enable real-time decision making Explore ways of combining EY s industry-specific finance experience with SAP s IT application to identify relevant topics for clients finance Agile business Agile business analytics Get a holistic picture of how an analytics and reporting landscape can look like, including state-of-the-art business analytics tools Gain insights into how real-time data analysis can work, applying cloud-based Business Intelligence Showcase scenarios Showcases at the lab are aimed at helping participants explore possible scenarios from the future finance function and learn about technologies that will help overcome challenges and seize opportunities. Global business services (GBS) SAP digital boardroom Robotic process automation (RPA) Understand the relevance of GBS in the market and its potential Participate in an interactive deep dive into GBS operating model, process scope, latest hot spots, infrastructure must-haves and talent acquisition Explore the platform SAP Digital Boardroom and its collaboration tools to see how data can be analyzed live Understand crossfunctional perspectives of SMRs from finance, HR, customer Identify the potential for automation and understand current market trends Discuss its impact on your future organization, including potential savings and likely investment 6 Will there be finance after digital?

7 Technical set-up Hardware Four touch screen walls with 48 individual screens Light, surround speakers and video cameras Microsoft Surface and Apple ipads Microsoft HoloLens Software Big data analysis with S/4 HANA Finance analysis and simulation with SAP Digital Boardroom Skype for Business and Cisco Video Conference Live voting app Ventuz Virtualisation Scripting Apple Airplay ClickShare Will there be finance after digital? 7

8 EY Assurance Tax Transactions Advisory Get connected To learn more about the EY Digital Finance Lab and to discuss how your organization can prepare for the disrupted finance function of the future, write to us. We look forward to hearing from you. About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. EYG no GBL BMC Agency GA ED None In line with EY s commitment to minimize its impact on the environment, this document has been printed on paper with a high recycled content. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. ey.com Join us at the EY Digital Finance Lab to explore technologies and ideas, and ask better questions that will help you and your finance teams navigate the transformative age and build a better working world.