agile financial reporting - magnus.nl · 2 about strategy, change and agility agility bottlenecks...
TRANSCRIPT
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Magnutude 2020| Agile financial reporting with Every Angle
Dinsdag 17 september 2013
Jacques Adriaansen
Radjkoemar Ramkisoen
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2
About strategy, change and agility
Agility bottlenecks and remedy
Financial operational analytics
Agile financial reporting with Every Angle
Questions
Content
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Strategy, Change and Agility
Ambition
Competition
Technology
Legislation
Market is the major trend
Change
Some examples of changes with
effect on strategy
Organisation
Systems
Business
Strategy
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Free after Bolwijn & Kumpe
Emerging competition factors since the sixties…
(Cost) price Mid 60-ties
Quality Mid 70-ties
Time Mid 80-ties
Innovation Mid 00-ties
Flexibility Mid 90-ties
Strategy is about making choices
to distinguish your company
from the competition
by being better than the best
Relation Ever & ever
… about Strategy and getting color
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Innovation (Cost) price
Relation
Flexibility
Dominant strategies to address the customers’ needs
Time
Quality
Mid 60-ties
Mid 70-ties
Mid 80-ties
Mid 00-ties
Mid 90-ties
Ever & ever Product leadership
Customer intimacy
Operational Excellence
Free after Bolwijn & Kumpe
… and linked to Treacy & Wiersema
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Agility is the most important skill
THEN
is the major trend,
Change
Strategy, Change and Agility
WHEN Ambition
Competition
Technology
Legislation
Market
Organisation
Systems
Business
Strategy
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Reluctance to be changed
…
Too high investments needed
…
Operations IT
Agility bottlenecks
Budget > 90% used for keeping old stuff alive
Too long lead-times to answer urgent new questions
“Business specifies – IT builds/buys” myth
While IT should be
more agile than
the business !
ERP data model complexity
ERP process model complexity
RO
OT C
AU
SES
Organisation
Systems
Business
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Reluctance to be changed
…
IT
Budget > 90% used for keeping old stuff alive
Too long lead-times • data model complexity
• process model complexity
“Business specifies – IT builds/buys” myth
Organisation
Systems
Business
Agility remedy for IT
IT more agile
than the business !
Make
‘Real Self-service BI’
happen
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Reactive control Corrective control Proactive control
Operational Business Analytics ERP/CBI
Financial operational analytics
Bron: Business Analytics Framework (May 2012, Gartner)
Insight
Hindsight
Foresight
INFORMATION OPTIMIZATION IMPROVEMENT
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics
Prescriptive Analytics
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Manage Finance process
Reactive control Corrective control Proactive control
Operational Business Analytics ERP/CBI
Classic Finance • backwards oriented
Financial operational analytics: • Drill down in financial statements • Cash flow projection • Customer payment behaviour
Financial operational analytics
Policies and controls
Financial performance
Powerful financial budgeting and planning tools
Bron: Business Analytics Framework (May 2012, Gartner)
Insight
Stewardship
Hindsight
Transaction processing
Foresight
Strategy
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If I have enough cash it doesn’t matter. If I don’t have enough, nothing else matters.”
€
Supplier’s
cash tap
Operating
Expenses cash tap
Your company Customer’s
cash tap
€
Your cash
L H
Inventory
L H
?
1
2
3
4
Throughput: money generated by sales
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Agile Financial reporting with Every Angle
Cash flow projection
Based on sales information
independent requirements
sales orders
billing documenten
Based on purchase information:
purchase requisition
purchase order
invoice receipts
Financial statement analysis
Drill down into financial figures
Payment behaviour analysis
Customer behaviour
Own behaviour
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Questions