CPM – Finance Adding Value through Integrated Planning

FEI CFIT Meeting, WalmartSeptember 2009

Ann FlatzGlobal Accounting & Financial Services Controller – Intel

David TaylorVice President, Strategy - Trintech

Agenda

Summary of June Meeting (Oracle/ Hyperion) Vision for Summit ‘10 and Educating Members Upcoming CFIT Meeting Topics and Speakers The 7 key takeaways from Summit ‘10

FEI CFIT June 2009 SummaryOracle – John Kopcke

Key Business Challenges Access to Capital, Cost Volatility, Interest & Exchange Rates, Competitive Landscape

Challenges in Forecasting – foggy conditions prevail 70% of CFO’s today can’t forecast more than one quarter out Resulting in Withdrawal of Earnings Guidance

‘Now is the time for the next wave: Management Excellence’ Going beyond Operational Excellence; a Smart, Agile and Aligned Enterprise

The 7 Imperatives to deal with the Economic Crisis Results, Monitor, Plan Flexibly, Re-think Strategy, Decide, Build Trust, and do all in

Concert

FEI CFIT June 2009 SummaryOracle – John Kopcke

Integrated Business Planning Linkage of the Strategic Plan and Business Goals to Operational and Financial Plans,

through Integrated Impact analysis

Strategic Planning often fragmented Complex spreadsheets, not consolidated, errors, accounting integrity, cumbersome

modeling and simulation times

Managing Risk and Uncertainty Use of tools such as Monte Carlo Simulation for quantifying risk and ranges of different

outcomes

Integrate Strategic Planning with Budgeting & Forecasting Process Strategic Plan -> Budget->Forecast. Update Strategic plan with latest

Vision for Summit ‘10

May 2010 – Integrated Planning will still remain a key topic – Key Milestone

Deliverables: Provide a series of sessions Panel Session of Best Practice Examples Technology options Overview, (John K Oracle/ Gartner?) Fundamental Drivers of Business

Controlled and Uncontrolled, Internal & External

Requirements: Find Best Practice Example Corporations Assessment of the various Technologies available

How Do We Get There?

FEI CFIT December 2009: Presentation by Best Practice Corporation Gartner CPM Tech Overview: from CFO Perspective?

FEI CFIT March 2010: Presentation by Best Practice Corporation CIMA presentation on Organizational and People aspect

FEI CFIT Webcast (‘09/’10): Webcast on CPM by Technology SubCommittee

The 7 Key Takeaways from FEI Summit 2010 - A Business Case Approach:

Initiating a CPM Project – Scope & Feasibility Designing the Integrated Planning System:

Technology Selection: current offerings, gaps People, Process, Internal Governance; Transformation Integrating with the ‘Environment’

ROI and Cost Benefit Analysis: ‘What Tangible and Intangible Benefits can be achieved?’

Funding the Project: ‘What have other Companies done to achieve funding for investing in transformation of the Planning function?’

Implementation Cases Measuring Success: Finance Adding Value KPI’s, KRI’s and Continuous Improvement