On November 17th, the event (Re) Inventing Finance - How to transform your Finance Function – was held in Milan.
The event, organized by Business International, was designed to promote a direct comparison among all those referents driving today a transformation programme in Finance within their own companies.
Expense Reduction Analysts sponsored the event which was attended by more than 90 companies, with 110 participants, including CFO, Controllers, Treasurers and other representatives from Finance and ICT areas.
The event opened with an interview to Francesco Guidotti, Group CFO of lastminute.com, who was asked how the CFO can stay ahead of the growing challenges; following, the CFO of several important Italian groups had confronted on the key steps needed to accelerate the new business model of Finance Team through partners and tools. Key themes that emerged were the assessment of internal and external trends that impact Finance and the sharing of the enabling technologies state of the art.
Following, some separated track sessions were held on the following topics:
- Digital and Social Transformation through Finance Date & People;
- Cloud, mobility and social;
- Dematerialization and new document management in Finance;
- Financial and Accounting Process Optimization;
- Critical Success Factors in Cost Optimization process;
- Supply Chain Finance and Working Capital;
- Business Analytics and Credit Risk Management;
- Compliance and Finance reputation.
Daniele Brioni and Michele Ricchiuti, as ERA Partners, contributed to the event with a speech on the critical success factors that impact on the effectiveness of the initiatives aimed at optimizing the indirect costs and improve the results that would otherwise remain only partial. During the speech, some results of the survey Barometer Cost Management 2014 were shared and deepened with the audience.
Paola Agasso - CFO Bristol-Myers Squibb – reported her direct experience in comprehensive programs to improve efficiency in major multinational contexts.
In the second part of the event, the participants joined three thematic working groups (1. Procure-to-Pay and Order-to-Cash; 2. KPI, Reporting and Fast Closing; 3. Working Capital and Supply Chain Finance) in order to map the new trend in Finance and allow a direct comparison of the different initiatives taken, the experiences and the visions to strive.