Modern Finance
Jesse Todd Group Finance Manager, Microsoft US Today’s finance challenges “By adopting innovative technologies, finance will strengthen it’s business leadership through compliance, accuracy, and efficiency.” — Amy Hood, Executive Vice President and Chief Financial Officer, Microsoft Modern Finance transformation Modern Finance transformation Modern Finance transformation Modern Finance transformation Microsoft Finance journey
Modern Finance – “Transform using MS Cloud” – Financial Analysis – Business Process Automation & Reporting – Risk Management – Strategy & Forecasting
Core Finance – “Discipline at the core, flexibility at the edge” – Standard reporting – Consistent taxonomies
One Finance – Accounts payable – Accounting transactions recording – Procurement – Statutory & Tax
Microsoft Solutions Azure + Power Power Query Dynamics 365 Pivot Power View + Microsoft 365
2000 2005 2010 2015 Today Digital transformation journey
What happened? Static reports Decisions
Why did it happen? Interactive dashboards
What will happen? Predictions
What should I do? Recommendations
Was it successful? Automation
Value Microsoft Finance systems of intelligence
What happened? Microsoft 365 Static reports Decisions Dynamics 365 Why did it happen? Interactive dashboards
What will happen? Predictions
What should I do? Recommendations
Azure Was it successful? Automation
Value Modern Finance focus areas
Financial Analysis Strategy & Business Process Risk & Reporting Forecasting Automation Management
Financial
Modern Tax Analytics Interactive External Global Business Customer Business Platform Financial Financial Reviews on Lifetime Value Management Statements Reporting KPI Lake Analytics Portal Strategy & Forecasting
Machine Machine Predicting Real Estate Headcount Services Learning Learning Xbox Capacity Forecasting COGS Revenue Accounts Game Planning Forecasting Forecasting Receivable Volume Forecasting Business Process Automation
Finance Credit & Contracts Financial Tax Report MSTravel App Operations Collections Setup Management Automation Chatbot Chatbot Automation Reporting Automation Risk Management
Global Policy Compliance Blockchain SmartLink: General Data Travel, Gift Tool Predictive Excel to Word Protection and Hosting Analytics Cross-linking Regulation Compliance in the Cloud (GDPR) Empowering finance employees Time spent on various activities in Finance
Skillset After
Deep analytical and strategic thinking Influencing and negotiating Diverse project management Advanced business knowledge
Operational thinking Transactional expertise Task management Basic business understanding Modern Finance transformation increasing efficiency Since 2009 headcount has grown only 14% while revenue is up 89% Finance Employees 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 © Copyright Microsoft Corporation. All rights reserved. Modern Finance: Driving Greater Business Impact Through Digital Transformation CPE CODE IT223