The true opportunities of digitalization are still quite puzzling for CFOs and finance leaders across the Nordics. Digitalization has been the headliner for over a decade now, but the high hype-to-value ratio hasn’t materialized easily. Digitalization isn’t just about technology or even organization culture – it is about radically altering the way your financial function to operates. In 2018, BearingPoint conducted an in-depth study on digitalization in the CFO functions of Finnish corporations and we want to share our insights with you.
In this seminar, we discuss the most pressing challenges that financial functions in Finland and Europe are facing when it comes to digital transformations and all things digital. We are glad to welcome on stage some of BearingPoint’s leading CFO digitalization experts to share their insights and experiences on how large European companies have approached similar challenges. Breakfast is served at 08:30.
Date: Wednesday, May 22, 2019
Time: 08:30 – 11:00
Location: BearingPoint Helsinki, Floor 7 (Bulevardi 6 A 12, Helsinki)
08:30 Breakfast and networking
09:00 Welcome | Mika Niemelä, Partner, BearingPoint Finland
09:15 Digital CFO Survey, Finnish Insights | Tomi Hietanen, BearingPoint Finland
09:45 Client Story: CFO 4.0 Finance Strategy | Johannes Vogel, BearingPoint Germany
10:15 Virtual Controller | Dounia Nezali & Amélie Pollier, BearingPoint France
10:45 Finishing words and discussion
11:00 Seminar ends
Tomi Hietanen, Partner at BearingPoint Finland
New, disruptive digital technologies are evolving rapidly. Adopting them, however, to generate tangible results is not trivial. While technology may offer tremendous opportunities like cost savings or performance increases, it is increasingly challenging to capture the full potential of digitalization. BearingPoint’s CFO 4.0 -initiative explores new ways for the CFO to create value more efficiently with disruptive technologies, redesigned processes and more effective organizations. Tomi Hietanen present the insights from BearingPoint’s yet-to-be-published Digital CFO Survey conducted in Finland and discusses our Digital Maturity Assessment frameworks we use in our clients’ cases.
Johannes Vogel, Director at BearingPoint Düsseldorf
Established companies are increasingly facing the threat of disruption from smaller and more agile players who succeed in leveraging the opportunities of new technologies better or faster. New platform-based business models are gaining momentum and need to be considered in parallel with existing business models. Client-centricity and better anticipation of clients’ needs is quickly becoming the rule rather than the exception in today’s companies‘ growth strategies. At the same time, new digital technologies for the CFO team are reaching sound levels of maturity. This mix of challenges and opportunities is frequently the starting point for CFOs to revisit their teams finance strategy. Johannes Vogel discusses the context for finance strategies and shares with you how he helped one of his clients to develop a finance strategy and roadmap.
Dounia Nezali, Manager & Amélie Pollier, Senior Business Consultant at BearingPoint France
Controlling is one of the largest cost center of finance departments. Nevertheless, more than 50% of controller’s time is dedicated to low value-added tasks such as heavy manual reporting processes. While the activities in accounting have been under cost and efficiency improvement pressure and have undergone many changes in recent years (shared services centers, automated tasks...), controllers as well as their internal clients are still waiting for modernization and digitalization of the function. Hear Dounia Nezali and Amélie Pollier present how a virtual controller could take your controlling service offering to a higher level and optimize controllers time so that they can focus on their value-added purpose of a true business partner.