developing a data driven culture and business partnership
TRANSCRIPT
Developing a Data Driven Culture
and Business Partnership at DCP
Chris Stevenson, Senior Product Marketing
Manager, Financial Solutions, Anaplan
Alex Vidal, Digital Transformation and Strategy
Lead, Strategic Projects, DCP Midstream
Finance Moonshot
ONE SYSTEM
WEONE TRUTH
EXECUTEONE CUSTOMER EXPERIENCE
REAL-TIME ONE TEAM
ONE SYSTEM
A digital leap into the future
• Automated data entry
• Real-time processing
• End-to-end integration
ONE CUSTOMER EXPERIENCE
Always delight our customers
• Consistent, positive experience
• Easy, responsive point of contact
• Strategic relationships
ONE TRUTH
Instant access to reliable data
• Real-time data
• Connected analytics
• Self-service access
ONE TEAM
Best place to work
• Collaboration
• Opportunities to grow
• Recognition at all levels
• Positive employee experience
Process Mapping
• FP&A and Revenue Accounting Focus
• Identified monthly processes and when
employees were busy
• Identified gap of responsibilities that were
filled with “busy work”
• FP&A was busy early in the month
• Revenue accounting was busy late in month
• Combining the functional groups in area
Background
Resulted in...
Connected Planning Vision
Business Objective of a connected
financial platform:
• Continuous and collaborative
• Incorporate all sources, tech and
methods that enhance planning
accuracy, agility and action
• Leverage insights and analytics from
related efforts across company
• Leverage cloud based software for
self service reporting
• Real-time / Single source of truth for
financial data Drive one version of the truth for financial data in DCP… move from excel to cloud
based platform to drive analysis over process
Future State of Processes
• One System / One Data Source
• Finance focused, companywide
impact
• Data Integrity / Data Clean-up
• It’s one process – we’re
integrating teams
• Move fast! Get to quick wins and
learn along the way
Key Themes:
1 version of truth
90% analysis,
10% aggregation
Technology Timeline
February
2018
FinNext
Conference
Initial Product
Demonstrations
Selection of
two vendors
for Proof of
Concept
Proof of
Concept:
Week long
hackathon
Build three
models
Software
selection
95% of 25
employees
selected
Anaplan
DCP Leadership
Anaplan Visit
DCP Leadership visits
Anaplan prior to
signing
December
2018
Proof of Concept Hack-a-thonObjective: Create models for margin and opex, incorporating supply chain and human capital management
Technology Timeline
February
2018
FinNext
Conference
Initial Product
Demonstrations
Selection of
two vendors
for Proof of
Concept
Proof of
Concept:
Week long
hackathon
Build three
models
Software
selection
95% of 25
employees
selected
Anaplan
DCP Leadership
Anaplan Visit
DCP Leadership visits
Anaplan prior to
signing
December
2018
Lessons Learned and Key Takeaways
• Developing an organizational change requires a village –
need to get key stakeholders involved
• Organizational buy-in is key
• Understand your organizations key pain points and processes –
not just yours
• To transform your finance organization to become a business
partner, you need one version of the truth!!