In business for people.Page 1 Proprietary and Confidential
Are Robots going to destroythe Financial Function?
“
”Ton Dobbe, Chief Evangelist
17-Nov-16
Page 2 Proprietary and Confidential
This is your domain
Compliance Performance
24/7 Insight
Continuous Growth
Shareholder Value
Accurate Data
Managed Risks
Compliant Reports
17-Nov-16
Page 3 Proprietary and Confidential
Everything that’s rule based can
be automated…And bots arethe ultimate candidates
What we see…
17-Nov-16
Page 4 Proprietary and Confidential
…And this is how we expect it to impact your domain
Compliance Performance
Accurate Data
Managed Risks
Compliant Reports
Continuous Growth
Shareholder Value
24/7 Insight
17-Nov-16
In business for people.Page 5 Proprietary and Confidential
Now, why is thisnot a bad thing?
17-Nov-16
In business for people.Page 6 Proprietary and Confidential
too much time andeffort spent on not
doing enough of the right thing…
...or not doing them at all!
“ 56%of global CFO’scannot focus on
strategic priorities because time spent on compliance, controls,
cost”
17-Nov-16
Source: The DNA of the CFO, EY, 2016
In business for people.Page 7 Proprietary and Confidential
Inability to continue to meet stakeholder
expectations
“ 47%of global CFOs say their current finance function does not have the right
mix of capabilities”
17-Nov-16
Source: The DNA of the CFO, EY, 2016
In business for people.Page 8 Proprietary and Confidential
The number of regulations grow
exponentially
“ Your challenge:
Inability to continue to
stay compliant”17-Nov-16
In business for people.Page 9 Proprietary and Confidential
Regulations arekilling innovation
and creativity
“ Your challenge:
Inability to meetnew norms of being
fast enough”17-Nov-16
In business for people.Page 10 Proprietary and Confidential
So it could take a goodpart of your job…
But there’s also good news…
17-Nov-16
Page 11 Proprietary and Confidential
We are at a stage where technology has the power to amplify people’s skills beyond their natural limits
17-Nov-16
Page 12 Proprietary and Confidential
Augment people where they are at their best
Take the Non-Value adding Repetitive tasks
What this means – two angles
1 Wasting your time / interruptions2 Disruption from organisational change3 Administration4 Inefficiencies
1 Productivity2 Focus3 Creativity4 Clarity
17-Nov-16
Page 13 Proprietary and Confidential
FOCUS TODAY DESIRED FOCUS
70%
5% of effort
25%
5%
70%
25%
TRANSACTIONAL
SPECIALISEDEXPERTISE
DECISIONSUPPORT
TRANSACTIONAL
SPECIALISEDEXPERTISE
DECISIONSUPPORT
… and that, will give a transformation of focus
17-Nov-16
Page 14 Proprietary and Confidential
Can you make the jump?
17-Nov-16
Leve
l of e
mpo
wer
men
t
Level of maturity
Automatedself-service
model
Efficientprocess
execution
Flexiblereal-timeanalysis
Structuredfinance
procedures
Manual SelfdrivingAutomate
Manual TasksReduce Input
RequiredException
ManagementReal TimeInsightful Decisions
Intelligent Recommendations
Sense potential problems
Prescribe solutions
Driverless actions
STANDARDIZE OPTIMIZE PREDICT DRIVE
Page 15 Proprietary and Confidential
Will you bejobless or… will your role change
for the better?
17-Nov-16