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CPM – Finance Adding Value through Integrated Planning

CPM – Finance Adding Value through Integrated Planning. Ann Flatz Global Accounting & Financial Services Controller – Intel David Taylor Vice President, Strategy - Trintech. FEI CFIT Meeting, Walmart September 2009. Agenda. Summary of June Meeting (Oracle/ Hyperion)

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CPM – Finance Adding Value through Integrated Planning

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  1. CPM – Finance Adding Value through Integrated Planning Ann Flatz Global Accounting & Financial Services Controller – Intel David Taylor Vice President, Strategy - Trintech FEI CFIT Meeting, Walmart September 2009

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

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