Day Two, Monday, June 24, 2019
8:05 am - 8:50 am Navigation Volatility for Opportunities- Proactive Approach to the EconomyTim McKean - VP & CFO, Morton Salt
The possibility of an economic slowdown is always in the back of business leaders and investors minds. Current predictions among economists put an economic slowdown sometime in 2020 and yet, among polled CFOs, a slowdown could easily be occurring by the year’s end. As such, now is the time for companies to start taking preventative measures and tightening their budgets in order to prepare for a possible downturn. Trade unease in domestic, as well as, global markets is what has created volatility and led to decreased growth. The Great Recession taught us that no business is too big to fail and as the current business landscape starts to show warning signs leaders need to take heed. In this session, discussion will cover:
•Proactive, instead of reactive, solutions to navigate the current economic landscape
•Developing flexibility with trade finance
•Diversifying funding and suppliers
•Assessing implications of current regulatory measures on the global economy
Tim McKeanVP & CFO
8:55 am - 9:25 am FP&A at the Speed of Light
As the world becomes evermore automated, advanced Enterprise Performance Management software can help streamline strategic business decisions in order to increase a company’s overall bottom line. Improving FP&A processes can help free up resources and improve a company’s ROI as a continuation of their journey towards digital transformation. In a business landscape that’s constantly in flux; automated planning to drive budgets and forecasting frees up human cognition in order to focus on those things that drive our competitive spirit. This session will cover:
•How EPM software can help enterprises make more informed, strategic decisions; faster
•Accelerated planning, reporting and consolidation processes
•Powerful, driver-based modeling for scenario analysis
MasterClass9:30 am - 10:15 am Reporting Beyond the Numbers- A Better Approach to Producing Narrative Performance Reports
As the finance leader of your organization, you are tasked with telling the company story on a periodic basis through various report outputs. The focus of the reporting discussion is typically on external reporting, yet the internal reports are arguably more crucial to driving strategic decision making – and the process is infinitely more painful, disparate, and recurring.
In this Masterclass, you will hear survey data around the impact of this inefficiency on organization, as well as in-practice examples of how global finance teams have reduced risk and improved controls with a more comprehensive approach.
BrainWeave9:30 am - 10:15 am AI vs. RPA: What CFOs Should Focus on in 2019
In this session, cut through the smoke and mirrors of Robotic Process Automation and Artificial Intelligence - what they mean, how they could help your business, why they are essential to implement today, and what happens if you don’t.
•Expectations from the new role of CFOs - ‘keeper of books’ to ‘financial advisor.’
•What the digital tool kit of the future CFO looks like
•Comparing RPA vs. AI
•Go home with a cheat-sheet of the top 5 questions every CFO should ask their AI or RPA vendor or technology consultant
10:15 am - 10:30 am Networking Break
10:30 am - 11:00 am Business Meetings
11:00 am - 11:30 am Business Meetings
11:30 am - 12:00 pm Business Meetings
12:00 pm - 12:30 pm Collaborative Cloud Computing-Connecting Services and Increasing ProductivityScott Silberlust - VP Administration, Northwell Health
The benefits of cloud computing are now integral to the mainstream enterprise as its resources have shown to provide new productive solutions. A continued adoption of cloud computing has enabled businesses to free up the need for their own servers and as such, reduce asset costs. The collaborative nature of the cloud, given its sharing basis, can be used as a vital tool as the world becomes smaller every day due to globalization. Companies can share documents and information with each other across the nation and across the globe as companies find new ways to integrate cloud software into their current infrastructure. In this session we will discuss how:
•The collaborative nature of cloud connected services helps increase productivity
•Providing managed IT services and enhanced disaster recovery minimizes loss
•The adoption of cloud technology frees up asset capital
Scott SilberlustVP Administration
1:30 pm - 2:00 pm Implementing Adaptable and Strategic Artificial Intelligence
What used to be science fiction has now become the standard with mobile-first companies. A greater adoption of Artificial Intelligence is providing companies with innovative solutions and potential cost savings. By understanding what facets of business can benefit the most from AI, companies can optimize their performance across all sectors and continue to push the envelope. Moving beyond buzz words to actual implementations and value of emerging technology. In this session we will cover:
•Anticipating costs, productivity and outcomes
•Realizing the human factors to robotic processes
•Providing solutions that actually optimize the finance function
MasterClass2:00 pm - 2:45 pm Workflow Automation and its Applications
Workflow automation is one of the most integral areas in which companies can now create strides within their business. Using automation software, companies can begin to: reduce errors, improve communication, reduce costs and have access to real-time reports.
All of these resources allow a business to then focus their energy on more productive tasks as some repetitive actions are automated. This helps free up human capital as well as reduce the errors associated with workers.
Brainweave2:00 pm - 2:45 pm How to Turbocharge your Digital Transformation
Every organization is looking to transform their operating model using disruptive technologies, but many companies are not able to scale beyond disjointed proof of concept efforts.
Regardless of where you are in your journey, the ability to understand and actively manage the disruptive change will be crucial for organizations to succeed in their transformation journey.
During this interactive session, we discuss the common challenges faced by shared service leaders to keep pace with the rapid changes impacting shared service operating models and explore practical applications and latest practices to stay competitive.
•Discuss the trends and examples in leapfrogging shared services using digital technologies
•Highlight the changes needed in shared services operating model
•Learn how to influence and manage interactions with key stakeholders
•Learn how to scale digitization effectively
•Develop new capabilities to adapt to the changing environments
2:45 pm - 3:00 pm Networking Break
3:00 pm - 3:30 pm Business Meetings
3:30 pm - 4:00 pm Business Meetings
4:00 pm - 4:30 pm Business Meetings
4:30 pm - 5:15 pm Effective Talent Recruitment, Retention and DevelopmentStuart Fraser - VP and Chief Accounting Officer, Weatherford International
Dhiraj Cherian - CFO, Panasonic Automotive
Craig Logan - CFO, Ajinomoto Bio-Pharma Services
With retention rates across the workforce at record lows, the way people work and the skill sets needed continue to change, Finance executives need to examine the complete lifecycle of the employee to determine the disconnects and adapt to increase employee engagement and retention.
Examining how to better recruit, retain and develop top talent:
•Recruitment challenges and solutions
•Retention challenges and solutions
•Preparing the career path for the finance team
Stuart FraserVP and Chief Accounting Officer
Ajinomoto Bio-Pharma Services
This is a fast-moving, multi-topic session comprised of two Quick Fire Presentations that will be completed in 20 minutes of total time (10 minutes for each challenge). Each speaker has a total of 10 minutes to get through up to 10 slides. Each individual presentation will focus on one specific challenge that CFOs are facing and will provide actionable solutions that can be used to effectively overcome these challenges.
Rapidfire Talks- Enterprise Functionality Can be Optimized Leading to Enhanced Productivity and Profitability
5:20 pm - 5:30 pm Business Intelligence
Business Intelligence helps businesses make smarter decisions based on concrete data and facts. It achieves this through data analysis condensed into a digestible form in which business leaders can make informed decisions.
5:30 pm - 5:40 pm Machine Learning
This presentation will cover a brief overview of machine learning and discuss the way in which it operates. Machine learning is an extension of Artificial Intelligence in which systems learn how to improve processes without actually having to be programmed.
5:45 pm - 6:45 pm Practitioner Roundtable Discussions
Earlier in the Exchange, we collected your insights and challenges using Thoughtexchange. We identified the highest rated topic areas. During this session, you’ll have the opportunity to choose a topic and participate in a small group discussion. You will work in groups to develop an action plan for improvement.