The demands on the CFO and its organization have changed strongly in the past years. Even if the focus of the CFO office has changed from the correct recording of transactions to business partners over the last 20 years, this has largely been based on a stable foundation of methods and instruments.
What has changed?
On the one hand, the complexity of the existing business has significantly increased through a more global, clearly more work-oriented line-up. In addition, business models are changing more rapidly and new business models are created, which still do not affect the still important intuition for the business.
These evolving business models must be evaluated quickly and with a combination of conventional and newly developed custom instruments. Market data plays a much more significant role, and customers and products are increasingly generating data that creates value in itself, or which is needed for service delivery or billing in a respective business model.
Finally, the technological possibilities in the CFO Office have opened significantly. Both on the classic legacy system side, as well as in reporting and planning, faster databases (in-memory technologies, such as HANA S4) and the growing interlinking of companies provide massive opportunities for productivity gains in the CFO office. The expectation of the CFO was, and is, that he has the company figures under control and brings transparency and clarity in decision-making.
The CFO provides the copass, guiding the company safely through complexity, disruption and transformation.
The roles change very clearly in the CFO Office. Instead of a controller, compiling figures and reports, data analysts and statisticians will be required in the future carrying out the necessary analysis of data generated by products, customers and across the supply chain. They in turn are used for service delivery and billing as well as to plan and control operations or to evaluate strategic business opportunities. The target operating model in the CFO Office clearly distinguishes in the future between transactional elements in shared service centers or reporting factories and the analytical elements of a financial advisor and data scientists. This change in the finance sector requires a clear target model and an according roadmap so for its realization.
The maneuverability during the transformation is key for success and remains a clear expectation from management for the CFO.
Our overall experience in the design and analysis of the CFO Office as a whole, in particular in the design of management and decision-making systems, is the first important building block for a relevant support of the CFO. This experience opens the view for the focus themes and arranges the many influences into a meaningful target model.
The second value contributing factor is the consequent use of generated data assets along the entire chain from legacy to reporting systems. With this experience, we can offer a lasting partnering approach for the CFO on eye-level and a reliable governance throughout the development of a reliable management and decision-making system and an adaptive and sustainable CFO organization.
Main topics for the CFO
IFRS 16, integrated planning, SAP S/4HANA, process mining, Reporting 4.0, Notation, TOM, CSR Reporting
Network events for the CFO
Arbeitskreis KoRe, IBM Cognos Controller Roundtable and Online Event IBM Cognos Controller Version 10.3
Our experts for CFO topics
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“People, who really want to move things forward” – are the ones Markus Noçon wants to work with. We are happily quoting Markus, since it expresses a central consulting challenge. Namely, mastering the balancing act between corporate decision-making concepts on the one hand and a pragmatic implementation of methods and instruments on the other. This works best with partners on the client, side who want and actively drive change.
His main focus lies within the CFO Office, especially in group accounting and consolidation, controlling & reporting, planning as well as performance management systems and consolidation systems.
He has extensive experience in many industries.
Master of Economics and Business Administration
For Stephan Grunwald, consulting is an entrepreneurial activity with many variations; in various industries, for companies of different sizes, in different management structures. Yet always with the same sense of entrepreneurship. The prerequisite for all this is a sound and broadly diversified foundation in business administration. For him, however, the consistent realization of a concept is the ultimate entrepreneurial aspect of consulting differentiating 4C GROUP from its competition.
His focus lies in the CFO Office covering all aspects of decision making and controlling, reporting & planning, cost management, new role of finance (Industry 4.0), HR digitization and innovation management.
He has extensive experience in various industries and consulting of owner-managed and family led companies.
Master of Business Administration
"The best concepts, new methods and optimized processes are only sustainable if they are borne and put into practice by the employees and the organization." That is Peter Keefer's true conviction. He transports with this attitude our idea that "true excellence means keeping the grip". A solution not only depends on theory, but more than that on a deep understanding of our clients' organization and the ability to adapt.
His focus lies within the CFO Office and especially in digitalization (within CFO Office), new role of finance (operating model), controlling & reporting, planning as well as in group accounting and consolidation,.
He has extensive experience in numerous industries, among others Manufacturing, Healthcare, Industrial Services.