Philippe Gangneux

How CCH® Tagetik helps you streamline your group financial close: - Consolidate financials from multiple sources - Align financials across your business, even for global companies with multiple currencies and complex structures - Handle complex consolidation requirements across multi-GAAP/IFRS - Shave days off the closing process with controlled rules and guided consolidation - Ensure regulatory compliance with prepackaged logics and templates - Provide fast, accurate reports for informed decision-making #EPM #CCHTagetik #Consolidation

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Cash flow constraints, leadership transitions, shifting competitive dynamics and other factors can be the catalyst for company restructurings. FLG partner @Mark (Archer) highlights how these efforts should be planned and executed to maximize company ROI. https://lnkd.in/gC56gVPf #CorporateRestructuring #BusinessTransformation#Flgpartners

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"Responsive” companies earn, on average, 2.5 points more in economic value added than “unresponsive” peers. Learn how effective CFOs encourage behaviors for profitable growth and explore other finance leadership trends and priorities. Gartner for Finance | #GartnerFinance #CFO #FinancePriorities

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70% of finance transformation initiatives move slower than expected. Learn how to make finance transformation investments successful by changing how your finance teams work as the function becomes more digital. #GartnerFinance #FinanceTransformation

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The latest Deloitte CFO Signals report is out and these are the top 10 major findings: 1) CFOs are uncertain about the economy: Despite fading recession fears, CFOs are not convinced that the economy is moving in a predictable direction, leading to a sense of gridlock in their outlook. 2) Economy is the top external risk: The majority of CFOs (61%) identify the economy as their primary external risk, with concerns about growth and consumer demand. 3) Generative AI is a top internal risk: The adoption of Generative AI is a major internal risk for CFOs, with concerns about talent shortages and execution risks. 4) Risk aversion is prevalent: Only 26% of CFOs believe it's a good time to take greater risks, indicating a cautious approach in the current economic climate. 5) Debt and equity financing are unattractive: A small percentage of CFOs find either debt (18%) or equity (15%) financing attractive due to high borrowing costs and uncertainty about interest rate cuts. 6) Optimism and pessimism are balanced: There is an equal split between CFOs who feel more optimistic (38%) and less optimistic (39%) about their company's financial prospects. 7) Talent concerns are persistent: Talent hiring and retention remain significant internal risks for CFOs, aligning with trends observed in previous surveys. 8) Geopolitics and cybersecurity are major external risks: These factors are considered leading external threats by 50% of surveyed CFOs, reflecting concerns about global events and cyberattacks. 9) Many companies lack formal CFO succession plans: Surprisingly, 25% of respondents, including 28% from large companies, do not have formal succession plans for the CFO position. 10) Operational experience is valued in CFO successors: When identifying potential CFO successors, 37% of CFOs prioritize operational experience, followed by familiarity with new technologies (30%) and network leadership (30%). https://lnkd.in/gyrbH44y

Delighted to announce our continued ranking in the 2023 Gartner® Market Share: All Software Markets, Worldwide, 2023 in the Enterprise Asset Management (#EAM) segment by Revenue, securing the #1 ranking for the third consecutive year. For us at IFS, with a commanding 20.3% market share and an impressive 36.4% year-over-year growth, our leadership remains unchallenged. We stand firm in our belief that our clients are effectively optimizing the profitability and resilience of their assets through a comprehensive, enterprise-wide approach to asset performance management. Read more about our market leadership and how we empower organizations to thrive amidst challenging times. https://ifs.link/jeBIm5

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Gartner recently surveyed leaders from nearly 900 finance departments to determine where they are spending their finance budgets in 2024. Explore the results to benchmark your finance budget allocations across functional categories. #GartnerFinance #Budgeting #Benchmark

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The dynamic transformation in modern manufacturing, driven by the convergence of technology, sustainability and innovative processes is leading to a profound revolution. Check out the newest whitepaper from Baker Tilly to learn how your business can thrive in this manufacturing transformation. https://ifs.link/JoxtNw

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Anything but real-time is OUTDATED - anything but SAP-embedded is COMPLICATED Embedding Azure AI in SAP allows capturing the content of supplier invoices - header and line items - in less than one second. It also ensures that the capturing results are always and immediately matched against the COMPLETE and CURRENT data (supplier master and PO data). Imagine your shipment was received in the morning, and the invoice needs to be processed on the same day. Traditional OCR forces you to delay the processing by one day or enter the invoice manually. NXT AP always has the current SAP data available for matching. One of the many benefits of embedded AI Microsoft Azure SAP nxt4sap

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The BARC Planning Survey is a crucial resource for Finance and IT professionals evaluating financial planning software. This year, OneStream Software excelled with 35 top ranks and 55 leading positions. See the report here: https://lnkd.in/gdAz-p4G

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Unprecedented efficiency. Powerful insights. Pinpoint accuracy. #AI in CCH Tagetikis is the ultimate assistant to #finance teams. #CFO #planning #consolidation

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We are excited to release our 2023 IFS Sustainability Report and ESG Fact Sheet 🌍 This marks our third annual report, bringing to light the important milestones we’ve achieved over the past year and our ongoing commitment to sustainable practices within our business. In this year’s report, we explore the targets, strategies, innovative practices adopted and aimed towards creating a global impact through environmental, social and governance initiatives. 📄We report on our carbon emissions for our third consecutive year and set near term 2030 #ScienceBasedTargets, which are now approved by SBTi. 📈We progress our commitment to gender diversity by increasing representation of female managers to 31.91% in 2023. 🌱We embed #sustainability across our innovations with the IFS Cloud Emission Tracker, allowing organizations to calculate their carbon footprint and access #IFSCloud capabilities. 🤝We celebrate active engagement with 17.2% employee participation in #CSR volunteering days, highlighting our collective effort in creating positive impact in our community. Read the full report here 📖 https://ifs.link/xjetPg

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🚨 PROBLEM: You’ve inherited all these old FP&A processes, and the team wants to hang on to them – with a bit of a facelift and some automation thrown in. The outcome? Despite spending a fair amount of time and money on a new FP&A solution, you will miss out on the opportunity to adopt faster and more reliable methods to achieve the same results. ➡ SOLUTION: Check out our latest blog, “Why being a stick-in-the-mud can undermine your FP&A implementation,” to find out what not to do and why. Hugh Rainbow Dennis Ten Neville Ray Liam Rafferty Nel Botha #financialplanning #financialanalysis #makingpotentialreality https://lnkd.in/gXN_HDdh

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Unlock agility in finance: boost efficiency, innovation & strategic decision-making!🚀 #FinanceTransformation "Transforming an old-school finance department into an agile powerhouse?💼💥 It's not just about the tech💻. In the rapidly changing economic landscape🌍, agility in the finance department is no longer optional. It's critical🔑. Here are the 10 key steps to not only set up an agile finance department but to also revamp an outdated setup, blending tradition📚 with innovation🚀. 1. **Vision Crafting** - Start with a clear, compelling vision🔮 that aligns with your business strategy. Agility is about adapting, but direction is paramount🗺️. 2. **Process Re-engineering** - Dive deep into your current processes. Identify bottlenecks⏳. Simplify, automate, eliminate♻️. 3. **Tech Stack Upgrade** - Out with the old, in with the new🔄. Implement cloud-based ERP systems, AI for data analysis, and RPA for repetitive tasks🤖. 4. **Data Democratisation** - Make data accessible📊. Empower decision-makers at all levels with real-time insights👁️‍🗨️. 5. **Skills Development** - Upskill your team👥. Agile finance relies on people as much as it does on technology. 6. **Collaborative Culture** - Break down silos. Encourage cross-functional teams to foster innovation and speedy decision-making🚀. 7. **Continuous Planning** - Shift from annual budgeting to a more flexible, continuous planning process🔄. The market waits for no one⏰. 8. **Performance Metrics** - Redefine success🎯. Focus on agility, innovation, and customer satisfaction over traditional financial metrics. 9. **Regulatory Compliance** - Stay ahead⚖️. Agile doesn't mean reckless. Ensure your innovations comply with evolving regulations. 10. **Iterative Improvement** - Finally, adopt a 'test, learn, adapt' mindset. Your first iteration won't be perfect. But that's the point🎯. Key tools? Cloud ERP, AI and ML for analytics, RPA for process automation, and collaboration tools to keep everyone on the same page👥. Revamping an old setup? Start with a pilot. Choose a single process or department to transform. Demonstrate success. Then, scale📈. The journey to agility is just that - a journey. Start today, and adjust as you learn. Your future-proof finance department awaits. Hi, I am Asheesh Chatterjee a CA, CMA (India & UK) and an alumnus of Kellogg School of Management. I love talking about building organizations for the next level of growth and excellence. #financeTransformation #Digitaltransformation #CEO #CFO #PE

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At #DAS24 Digital Accountancy Show over the next two days come and see us on the A2X stand with Geoffrey Gualano and Elspeth Cordray. I will be talking on the inventory management panel with Matt Flanagan and Hilary Dyson sharing stock management best practice Geoffrey Gualano will be talking on the Ecommerce panel about accounting automation. Inventory management like Unleashed and A2X together is the superpowers that scaling #Ecommerce businesses need.

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3 commentaires

Understanding that your finance operating model needs improving and why, is a great place to start. But, the difficulty is how to design a new operating model (or aspects thereof), that will improve operational effectiveness, drive process efficiency, and importantly, sustainably increase profits. My blog offers insight into what may be central to effective operating model design. Feel free to share your insights and comments! https://wix.to/GY45WAm #newblogpost #OperationalEffectiveness #Efficiency #Profitability #operatingmodel #trenavinconsulting

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