Finance Transformation Practice and Services Driving Enterprise Value Amid Disruption

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Finance Transformation practice and services Driving enterprise value amid disruption

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Six reasons why CFOs seek our help

1 2 3 4 5 6

Major Significant Delayed Aging systems Digital New CFO acquisition business shift regulatory filing and data issues journey Developing a new Assistance needed Need to address or restatement Business demand Competitive vision for finance and with day 1 and post- operating model Leadership demand cloud migration, demand to upgrade capabilities road map merger acquisition and ability to for improved ERP upgrades, or finance with digital partner with financial close and other finance system capabilities such as business underlying processes improvements RPA, cognitive, and in- and systems memory computing, among others

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Plan & Manage

the Business

Performance Management

Other Operational

& Insight

Management Information Driving Finance A plan for driving Decisions Tax Close, Consolidate

& Report Treasury enterprise value

Business Finance Technical Procure to Pay Accounting Finance transformation engages virtually every aspect of the ce deliv nan ers finance organization and the business itself. It requires integrated Fi v al ow u External Relations H al Stra e nci te capabilities—from vision and strategy to organization and talent, a gy Order to Cash Operational in Specialized Finance F Finance and from business processes to supporting technology. Risk & Compliance FINANCE You don’t have to do it alone. VALUE

With Deloitte’s Finance Transformation services, you can Process Applications systematically tackle the critical issues facing your finance Management W ce ha n t e Fina organization. A structured strategy can help you leverage Process & nables Information Policy & Systems short-term gains made possible by digital technologies while laying the groundwork for long-term realignment and value generation. Analytics Controls & Compliance

Organization & People Architecture

Talent & Business

Policies

Delivery Model Partnering Service Service

Structure Organization

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Our solutions for your finance organization

Operational finance. Specialized finance. • Talent strategy and deployment Reinforce top-line business strategies by Fuel broader transformation efforts by shoring • Service delivery model design energizing core operational processes: up your specialized capabilities in: • Shared services/outsourcing advisory • Order to cash • Accounting • Organization design • Procure to pay • Treasury • Leadership assessment and development • Fixed assets • Tax • Workforce engagement and development • Close, consolidate, and report • Investor relations • Change strategy and analytics • Shared services design and implementation • M&A finance Information and systems. • Outsourcing design and implementation Process and policy. Build a stronger connection between core business Business finance. Institute a more standardized, controlled strategies and finance information and systems with: Catalyze change across the finance organization environment through improvements in: • Finance data management and the broader business through: • Internal audit • Cloud value assessment • Principles of performance management • Controls and compliance • ERP systems implementation • Planning, budgeting, and forecasting • Delegation of authority • Performance management systems • Cost and profitability management implementation Organization and talent. • Management reporting and analysis • Ancillary systems implementation Embrace the big changes in the way finance services • Analytics • Business partnering are delivered through a systematic approach to:

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED The present reality of digital disruption Digital disruption in finance represents opportunities to explore massive amounts of information, to do it quickly, and to distribute knowledge wherever it needs to go. Several realities that are front and center:

Data volumes are exploding. Information is flooding businesses, The talent crunch is real. Talent models for digital finance and up to 2.5 quintillion bytes of data are created every day. API tilt toward data science and business partnering, but finance proliferation is driving data standardization, but it’s not enough. organizations may not have the right finance professionals in place. The need to recruit for new skills is taking on new urgency. Unstructured data is different. Unstructured data from video, photographs, and text creates analytical challenges that challenge finance departments’ technology and talent.

Finance has no corner on analysis. If finance can’t or won’t partner with the business to provide insights and service, people across the enterprise can access their own analytical tools.

Business cycles are in play. Planning, forecasting, capital allocation, and closing are all up for grabs as finance and the business start operating in real time. Periodic reporting no longer drives operations and decisions.

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Are you embracing digital technologies to uncover new opportunities? Despite challenges, digital offers opportunities for finance to change decades-old paradigms:

Process robotics can automate transaction processing and communications Cognitive computing, including machine learning, natural language across multiple systems, mimicking human actions but with less risk of errors processing, speech recognition, and computer vision, simulates human and fatigue. thinking, learning, and decision-making.

Visualization tool suites complement business intelligence and analytics In-memory computing stores data in main memory, resulting in faster platforms with images and interactive technology for exploring large, high- response times, reduced storage requirements, and previously unimaginable density data sets and offering rich graphics and interactivity. speed and access to quantities of data.

Cloud computing can deliver the full stack of finance functionality as a service Blockchain’s digital distributed ledger verifies and secures transactions through scalable and elastic public, private, or hybrid clouds. on a network of distributed and connected notes, without a governing central authority. Advanced analytics, beyond anything finance has had previously, easily expands so business people can comb through big data to see patterns With new digital tools, finance can update existing core that reveal valuable insights. systems and capabilities while delivering entirely new capabilities—improving finance performance while serving the business more effectively.

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED There’s more to digital than the tools Talent is another vital part of the digital puzzle:

Leadership, including CFOs who are deliberate about the commitments they make, with a sharp view to the future and a clear roadmap for getting there.

Culture, in which every new hire makes finance more digital through new generations who seek more experimentation, innovation, and progress—and less predictability.

New skills, including a solid knowledge of technology and data science combined with a deep understanding of the business itself.

Engagement, where the finance workforce knows the organization is actively and fully committed, both to them and the business goals, and gives them opportunity to learn, grow, and innovate. People are digital enablers, as well as users of new digital capabilities. So digital finance transformation is fundamentally human-centric because that’s how new ways of value creation are imagined.

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Is your finance organization ready? Finance organizations should ask important questions before embarking on digital transformation:

Vision Workplace • What are our aspirations • Where will finance for finance? personnel physically work? • What are the possibilities? • What technology will we need to excel? Work • What is finance’s core role Roadmap going forward? • What are highest priority • What capabilities do we need? initiatives? • How should we mobilize? Workforce • Who will do what work? What skills will they need? • How should we be organized?

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Our practice in numbers

3,300+ 10k 100+ Clients served globally in Deloitte practitioners Countries with FY18 with Deloitte’s Finance globally with Deloitte Finance Transformation services Finance Transformation Transformation practices

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED What others say about Deloitte Deloitte has been recognized as a market leader in finance transformation and digital finance:

Deloitte recognized as a global leader Deloitte named a global leader Deloitte named a global leader in Finance Operations Consulting in Digital Consulting to the CFO in Finance Excellence Consulting

Deloitte KPMG Deloitte High PwC High High Horvath & Partners PwC EY McKinsey & Company The Boston McKinsey & Company KPMG Consulting Group Deloitte Zolfo Cooper Accenture EY BearingPoint Capgemini Alvarez & Marsal BearingPoint Consulting EY PwC North Highland FTI Consulting Horvath & Partners McKinsey & Protiviti Goetzpartners Navigant Company Bain & Company AT Kearney IBM FTI Consulting BearingPoint IBM North Highland CGI PA Consulting Protiviti Accenture CrossCountry AlixPartners AT Kearney The Boston Bain & Company Consulting PA Consulting Roland Berger The Boston Consulting Group Bain & Company Consulting Group AlixPartners KPMG Alvarez & Marsal RSM Roland Berger IBM

Depth of Consulting Capabilities Consulting Depth of Capabilities Consulting Depth of Capabilities Consulting Depth of Oliver Wyman Accenture BearingPoint Fahrenheit L.E.K. Consulting Wipro Group PA Consulting Atos Cosulting & Technology Services Marakon The Hackett Group The Hackett Group Oliver Wyman goetzpartners A.T. Kearney L.E.K. Consulting Low Low Low

Low Breadth of Consulting Capabilities High Low Breadth of Consulting Capabilities High Low Breadth of Consulting Capabilities High

Advancing Service Breadth or Depth Neutral Diminishing Service Breadth of Depth Advancing Service Breadth or Depth Neutral Diminishing Service Breadth of Depth

Source: ALM Intelligence; Finance Operations Consulting 2018; ALM Intelligence estimates Source: ALM Intelligence; Digital Consulting to the CFO 2016; ALM Intelligence estimates Source: ALM Intelligence; Finance Excellence Consulting 2016; ALM Intelligence estimates © 2018 ALM Media Properties, LLC. Reproduced under license. © 2016 ALM Media Properties, LLC. Reproduced under license. © 2016 ALM Media Properties, LLC. Reproduced under license.

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Thought leadership drives digital transformation Gain perspective and guidance at each stage of your finance journey through Deloitte’s reports, articles, and thoughtware, including:

The Four Faces of the CFO Crunch Time, our periodically CFO Insights, our bi-weekly article Deloitte’s Wall Street Journal framework, offering deep insights published reports reflecting points series that addresses the pressing CFO Journal, which features on the roles CFOs and finance of view from Deloitte Finance issues that CFOs and finance Deloitte leaders’ and third-party professionals can play in today’s Transformation’s topmost leaders, executives face today. Learn more company insights. Learn more marketplace. Learn more industry experts, and CFO peers on hot topics. Learn more

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Exploring finance transformation opportunities Clarity and direction for transformation come from exposure to the latest innovations across industries. Deloitte helps you immerse yourself so the vision for your finance organization’s future will crystallize:

In the span of a single day, Deloitte’s Finance Labs enable you to 1 work through a broad range of experiences carefully designed to 2 spark productive action. First-hand participation in one of our Labs Our FinVENTA™ platform showcases the art-of-the-possible is a fast, tested way to gain command of your most pressing finance across operational, business, and specialized finance when digital issues. Our Finance Labs help CFOs and other finance executives technologies are employed to reimagine processes and how achieve three critical tasks: Explore, Prioritize, Mobilize. work gets done. Each lab incorporates research-based content, immersive

Get there faster methods and exercises, relevant subject-matter specialists, seasoned facilitators, and an environment consciously designed to spark creativity.

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Ready to take the next step? Let’s talk Reach out to one of our senior Finance Transformation leaders to discuss your organization’s journey:

Yasushi Nobukuni Steven Ehrenhalt Asia Pacific Regional Finance Transformation Leader US & Global Finance Transformation Leader Deloitte Tohmatsu Consulting LLC Deloitte Consulting LLP [email protected] [email protected]

Frank Geelen Fernando Oliva Europe, the Middle East, and Africa Latin America Regional Finance Regional Finance Transformation Leader Transformation Leader Deloitte MCS Limited Deloitte S.C. [email protected] [email protected]

Steven Ehrenhalt Jean White Anton Sher Darin Buelow Principal, US and Global Finance Principal, US Finance and Enterprise Principal, US Finance and Enterprise Principal, US Finance and Enterprise Transformation Leader Performance – Global Performance – Finance in a Digital Performance – Real Estate & Deloitte Consulting LLP Business Services & World™ Leader Location Strategy +1 212 618 4200 Operating Models Leader Deloitte Consulting LLP Deloitte Consulting LLP [email protected] Deloitte Consulting LLP +1 213 553 1073 +1 773 294 4547 +1 214 840 7384 [email protected] [email protected] [email protected]

David E. Carney Tadd Morganti Matt Soderberg Adrian Tay Principal, US Finance and Enterprise Managing Director, US Finance and Principal, US Finance and Enterprise Managing Director, US Finance and Performance Leader Enterprise Performance – Business Performance – Finance Operations Enterprise Performance Leader Deloitte Consulting LLP Finance & Analytics Leader Excellence Leader Deloitte Consulting LLP +1 212 313 2856 Deloitte Consulting LLP Deloitte Consulting LLP +1 213 688 3212 [email protected] +1 704 887 1793 +1 214 840 7726 [email protected] [email protected] [email protected]

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Ready to take the next step? Let’s talk:

Girija Krishnamurthy Matt Schwenderman Robert Dicks David Stahler Principal, US Oracle Finance Principal, US Finance Technology Principal, Human Capital CFO Partner, Risk & Financial Advisory Transformation Leader & Workday Financials Leader Services Leader Deloitte & Touche LLP Deloitte Consulting LLP Deloitte Consulting LLP Deloitte Consulting LLP +1 216 589 1406 +1 714 241 5161 +1 215 246 2380 +1 917 721 2843 [email protected] [email protected] [email protected] [email protected]

Kelly Herod Mark Lazzaro Jessica L. Bier Chris Ruggeri Principal, US SAP Finance Partner, Tax Managing Director, US Human Capital Principal, Risk and Financial Advisory Transformation Leader Deloitte Tax LLP Finance Transformation Leader Deloitte & Touche LLP Deloitte Consulting LLP +1 404 220 1230 Deloitte Consulting LLP +1 718 753 4857 +1 214 840 1911 [email protected] +1 415 783 5863 [email protected] [email protected] [email protected]

John Steele Emily VanVleet Anthony Waelter Niklas Bergentoft Principal, US SAP Finance Partner, Tax Partner, Risk and Financial Advisory Principal, Risk and Financial Advisory Transformation Leader Deloitte Tax LLP Deloitte & Touche LLP Deloitte & Touche LLP Deloitte Consulting LLP +1 404 631 2715 +1 312 486 5519 +1 347 371 1604 +1 404 631 2777 [email protected] [email protected] [email protected] [email protected]

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED Ready to take the next step? Let’s talk:

Jason Barnes Scott Szalony Partner, Risk and Financial Advisory Partner, Audit and Assurance Deloitte & Touche LLP Deloitte & Touche LLP +1 859 512 3631 +1 248 345 7963 [email protected] [email protected]

Kyle Cheney Paul Sforza Partner, Risk and Financial Advisory Managing Director, US Finance & Enterprise Deloitte & Touche LLP Performance - Government & Public Service +1 330 819 0665 Deloitte Consulting LLP [email protected] +1 618 222 3801 [email protected] Will Bible Partner, Audit and Assurance Deloitte & Touche LLP +1 973 602 6111 [email protected]

HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED About Deloitte

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HOW WE CAN HELP ADDRESSING DIGITAL DISRUPTION IN FINANCE WHY WORK WITH US GETTING STARTED