the digital inflection point for finance...• identify methods to digitize fp&a, financial...

February 19, 2019

The Digital Inflection Point

for Finance

FEI February 2019 Professional Development Session

1The Digital Inflection Point for Finance | February 19, 2019


The Opportunity to Transform the Office of the CFO & Thrive!

Technological advances and its growing acceptance are pointing to an

inflection point - a disruption for both consumers and businesses. It is creating

opportunities to reduce cost and simplify processes while increasing

insights through cloud-based solutions, RPA, smart automation, AI and

machine learning.

CFOs and CIOs alike are moving mission critical applications to the cloud and

implementing next generation solutions that:

• Lower total cost of ownership of financial systems

• Speed deployment of finance solutions (e.g. faster time to value)

• Drive greater self-service for end users across the organization

• Reduce costs for infrastructure and support (e.g. automatic upgrades)

• Increase scalability and elasticity (e.g. improved resources utilization)

• Reduce the time and cost spent on data management to free up resources

for business analysis and decision making and

• Enable predictive and prescriptive analytics.


CFOs, Are You Ready For The Digital Inflection Point?

• 7 percent of respondents have fully adopted cloud technologies while 80 percent plan to

do so – APQC

• 50 percent of respondents identified predictive analytics as the number one technology

they are looking to deploy in the finance organization to improve the business by 2020 –

Gartner

• over 75 percent of companies with annual revenue of more than $25 billion are utilizing

RPA or piloting it right now – CDO Trends

• Almost 90% of a poll of 100 senior oil and gas executives said their investment in digital

will increase over the next two years

• and 75% said they already started implementing robotic process automation (RPA), –

Forbes (EY)

• while “87% are looking to increase productivity of data using advanced analytics – Forbes

(EY)

• Meanwhile both SAP and Oracle, are “strongly” encouraging their customers to move to

their modern cloud solutions with promises of smart automation, AI and machine learning

to be embedded

• Oracle predicts that by 2025, AI (and emerging technologies) will double our productivity

What is happening now?


NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.

Our Panelists

Arthur Forbus

Managing Director

Alvarez & Marsal

• 30+ years helping CFOs & CIOs

improve planning, accounting,

reporting and analytics processes

and enabling technology

• Driving vision, strategy and

roadmaps for performance

management and analytics

transformations

• Vendor evaluations and software

selection

• Planning, accounting, reporting and

analytics implementations

• Regional leader of A&M’s CFO

Services practice and advisor to

numerous Global 1000

organizations

• Prosci-certified Change

Management professional and CPA

with TX license inactive status

• Leading Service Delivery Model

Solutions Tower for Sysco’s Finance

Technology Roadmap

• Finance and Procurement Executive

at Applied Materials where he lead

the company through major

transformations

• Visuals, designs, transforms and

leads large finance functions and

business operations for Fortune 250

companies

• Cross functional integration and

standardization, governance, cost

management, benchmarking,

performance management and

metrics

• Project leadership, organization

design and transformation

improvements in large-scale global

business shared services operations

• Director of Product Marketing with

15+ years of experience leading

and transforming finance groups

• With a background in corporate

finance and FP&A for enterprise

businesses

• Including experience with

MetLife, Catalina Marketing and

Masonite International

• Operating executive within HIG

Capital portfolio businesses

• Most recently, Sr. Director of

Sales Effectiveness and Strategic

Alliances for Prevedere, a leading

provider of predictive analytics

software

Juan Rodriguez

Senior Director

Sysco

Brad Hairston

Advisory Alliance Director

Blue Prism

Scott Stern

Director Product Marketing

OneStream Software• Advisory Alliance Director for the

global leader in robotic process

automation (RPA) software

• Helps the top management

consulting firms understand the

digital workforce opportunity and its

various use cases

• Leveraging RPA capability to enable

digital transformation and cost

takeout engagements with clients

• Over his consulting career helped

clients utilize technology as a

strategic enabler driving successful

performance and value of business

transformation initiatives

• Covering diverse industries,

including retail, CPG, consumer

services, financial services, higher

education and non-profit

• 29.5 years of experience in business

& tech consulting


Sysco’s Story

Company Overview

• Global leader in selling, marketing and distributing food products to

restaurants, healthcare and educational facilities, lodging establishments

and other customers who prepare meals away from home

• Sells and delivers equipment and supplies for the foodservice and

hospitality industries

• Over 67,000 associates, operating approximately 330 distribution

facilities worldwide and serves more than 600,000 customer locations

• For fiscal 2018 that ended June 30, 2018, the company generated sales

of more than $58 billion

Finance Story

• Vision: To be our customers' most valued and trusted business partner.

• Sysco Business Services (“SBS”) - Shared services center located in

Houston.

• Transforming the way Sysco supports the business with Technology

being a major component to enable the Transformation (e.g., Core and

“Bolt-on’s”)

• Leveraging Robotic Process Automation (“RPA’s”) or Bots to handle

remaining major tasks that can’t be automated or eliminated


Blue Prism & connected-RPA

Blue Prism was founded on the premise that business teams have automation needs…

…but operations leaders are innovative & ready to deliver

meaningful outcomes, without relying on IT.

They’re looking for a solution that will help them maximize the

transformative power of automation.

To us, democratized technology—Intelligent Automation—is

what drives entrepreneurship.

The Blue Prism solution is connected-RPA.

Key Facts

• Founded 2001

• Coined “Robotic Process Automation” in 2012

• IPO in 2016 (London Stock Exchange AIM)

• 1,100+ Enterprise Customers

• 100% Renewals

• 125% Growth in FY2018

• Customer base includes:

• 50% of largest global financial institutions

• 75% of largest US defense contractors


OneStream Software

OneStream unifies and simplifies complex processes such as

financial and operational planning, consolidation, reporting and

analysis – across the enterprise

• Designed to be deployed in a scalable cloud environment or

on-premise

• Includes an extensible platform and marketplace of pre-built

solutions

• Enables customers to leverage new technologies such as

Predictive Forecasting, Machine Learning, and the infinite

scalability of the MS Azure Cloud.

Modern software platform that transforms business processes and decision-making for

the office of the CFO and beyond

ONESTREAM SOFTWARE

Key Facts

• Over 300 customers globally

• Over 75% of our customers converted from Oracle Hyperion,

SAP or IBM to OneStream, often replacing multiple products

• 120%+ Revenue Growth YoY

• Offices in US, Canada, UK, Benelux, Nordics, Germany,

France, Spain, S. Africa, Latin America, APAC


How Do You Define These Digital Terms?

RPA AI

Machine Learning

Cloud

Smart Automation

Predictive Analytics


Definitions of Digital Terms

RPA (Robotic Process Automation) -software that can be easily programmed to do basic tasks across applications just as human workers do; designed to reduce the burden of

repetitive, simple tasks on employees

AI (Artificial Intelligence) - the ability of a machine or program to think & learn;

based on the idea of building machines capable

of thinking, acting, & learning like humans

Machine Learning - an application of AI that provides

systems the ability to automatically learn & improve from experience without being explicitly programmed; focuses on development of computer

programs that can access data & use it to learn for themselves

Cloud- a method for delivering IT services in which resources are retrieved from the Internet

through web-based tools & applications, as opposed to a direct connection to a server

Smart Automation - the blend of technologies that

we use to automate complex business processes,

including AI & intelligent automation, bots & natural language interfaces and

RPA

Predictive Analytics - the use of data, statistical algorithms & machine learning techniques to identify the likelihood of future outcomes based on historical

data


What is “Robotic Process Automation”, Really?

“Software Robots”

Relationships, Judgement, Interpretation, Change Management

Procedural Automations & Repeatable Decisions

People

Robots

Free up employees to do higher-value work

emulate human activity,

using existing user

interfaces. This “Digital

Workforce” is managed

by business operations

teams and centrally

secured by IT.

Business friendly, non-disruptive, code-free

• 24 x 7 productivity

• Faster process speed

• Trained by business users

• 1/3 the cost of an offshore FTE

• Redistributable for short-term

tasks

• Reduces data entry errors

• Improves regulatory reporting

& compliance

• Centrally governed & secured

within existing IT landscape

• Rapid continuous improvement


Definitions of Digital Terms

RPA (Robotic Process Automation) -software that can be easily programmed to do basic tasks across applications just as human workers do; designed to reduce the burden of

repetitive, simple tasks on employees

AI (Artificial Intelligence) - the ability of a machine or program to think & learn;

based on the idea of building machines capable

of thinking, acting, & learning like humans

Machine Learning - an application of AI that provides

systems the ability to automatically learn & improve from experience without being explicitly programmed; focuses on development of computer

programs that can access data & use it to learn for themselves

Cloud- a method for delivering IT services in which resources are retrieved from the Internet

through web-based tools & applications, as opposed to a direct connection to a server

Smart Automation - the blend of technologies that

we use to automate complex business processes,

including AI & intelligent automation, bots & natural language interfaces and

RPA

Predictive Analytics - the use of data, statistical algorithms & machine learning techniques to identify the likelihood of future outcomes based on historical

data


Digital Maturity Curve

Companies need to crawl before they can run

Timo Elliott

Humans

make decision

Machines

propose/make

decision

BlockchainAIMachine Learning

Smart Automation

CloudLegacy


CFOs, Are You Ready For The Digital Inflection Point?

From a financial systems and performance management perspective, digital

transformation can mean digitizing transactional accounting, financial close and

consolidation, modeling and planning, and reporting and analytics.

DIGITAL INFLECTION POINT FOR FINANCE

“We are sitting on an inflection point whereby companies can either

‘survive’ or ‘thrive’ because of digital transformation.”


How Can A&M Help?

A&M’s Integrated Performance Management (IPM) team can

help

• identify methods to digitize FP&A, financial close,

reporting and analytic processes by

• integrate on-premise and off-premise applications,

deploying emerging technologies, leveraging cloud

solutions and

• most importantly, transforming business processes and

the teams that will drive this digital journey.

• We can also help you to learn from vendors like Blue

Prism, OneStream and others as you begin or mature your

journey with digital, and

• Finally, we can share client case studies and success

stories and help you network where possible


Thank You!

Feel free to contact us with any additional questions

713 398 8158 281 758 7057 214 335 3678 813 541 1568

[email protected] [email protected] [email protected] [email protected]

linkedIn.com/company/alvarez-&-

marsallinkedin.com/company/sysco/

linkedin.com/company/blue-prism-

limited/

linkedin.com/company/onestream-

software/

Twitter/@a4bus Twitter/@jarodatx Twitter/@blue_prism Twitter/@OneStream_Soft

Arthur Forbus

Managing Director

Alvarez & Marsal

Juan Rodriguez

Senior Director

Sysco

Brad Hairston

Advisory Alliance

Director

Blue Prism

Scott Stern

Director Product

Marketing

OneStream Software

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