finance inspiration day - arjan blok

Finance Inspiration Day 9 september 2015

Arjan Blok

What is the role of Finance in the desert?

A different view on Finance

Finance Inspiration Day 9 september 2015 drs Arjan Blok RC 2


Why? What? How?


The combination of higher volatility and lower predictability of developments impact heavily the earning capacity of organizations

Higher volatility customer demand

(Unexpected) new entries on the market


The energy sector is hit by a ‘tsunami’ of developments as well, impacting the earning capacity considerably

Higher volatility Customer demand

(Unexpected) new entries on the market

Finance Inspiration Day 9 september 2015 drs Arjan Blok RC

5

So Finance need to step up to the plate!

Core theme’s for the CFO:* how can I support agility of the organization?* how can I support disruptive innovation?* how can I support network-organizations?* how can I lower my cost of control?

By Navigate & Support Value Creation!



Why? What? How?

Navigate & Support Value Creation

Finance Inspiration Day 9 september 2015 7drs Arjan Blok RC

• 1. Become predictable • 3. Increase efficiency

• 6. Be active part of giant

• Understands, challenges and supports the business

• Support implementation of new business

• Identify, assess and mitigate risks (Heat maps)

• Continuous Demand Management

• Simplify & Standardize Products and Processes

• Integrated Finance process chain (E2Esteering)

• Stable processes, people & IT stable

• Unified governance & accounting policy

• Internal/ external compliance

• Simply the structure

• Performance dialogues

• All employees have product/ process improvement targets

• Share best practices with RWE companies

• Exchange talents in RWE

• Actively show value added of Essent for RWE

• 2. Be a business partner

• 5. Inspire our people• 4. Maintain fundamentals

Vision was implemented by formulating 6 themes, framing

products, processes, organization & behavior

• Megatrends;

• Value drivers,

• Maximum Earning Potential



Why? What? How?

Finance Inspiration Day 9 september 2015 9drs Arjan Blok RC

• 1. Be Clear! • 3. Do It Yourself!

• 6. Engage!

• From start till end

• All stakeholders involved

• More than ‘reciever of information’

• High Potential as project leader

• Finance Project office• Invite Finance community• Appoint new management

ASAP

• One location

• One time window

• One frame

• New competence set is leading for placement

• Open sourcing as much as possible

• Set minimum target for job rotation

• Succession planning

• Town hall meetings

• Finance Talks

• Finance Intranet

• Coffee Corner sit ins

• Quaterly feedback forms

• 2. Invite Everybody!

• 5.Be Brave on Staffing!• 4. The Same!

The journey was supported by 6 ‘accelerators of change’

• Everybody is impacted

• Current State Assessment shows need improvement

• Improve whilst cost need to go down


Are we successful in the desert ?

30% less fte’s

Employee satisfaction up

1

5

25% less / 25% new management

3

Followers engage4

20% less Opex2

Redundant staff leaves positive6

Customer satisfaction stable

7

Peers start copy catting10

New management successful

8

Continuous learning9

finance inspiration day - arjan blok

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