Compliance Oslo 7.3.2012 Petra Metsola Category Manager Travel Wärtsilä Supply Management Best Travel Policy Compliance Programme Copyright, Petra Metsola,

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Presentation transcript:

Compliance Oslo Petra Metsola Category Manager Travel Wärtsilä Supply Management Best Travel Policy Compliance Programme Copyright, Petra Metsola, Wärtsilä Corporation

This is Wärtsilä Copyright, Petra Metsola, Wärtsilä Corporation2 © Wärtsilä SHIP POWER PLANTS SERVICES

Net sales by business 2011 Ship Power 24% (26) Power Plants 32% (34) Services 43% (40) Copyright, Petra Metsola, Wärtsilä Corporation

4 © Wärtsilä Wärtsilä Services  70 countries  160 locations  11’000 people  7’500 field service forces We are the only player in the market able to offer our clients 24/7 support, globally, in the fields of logistics, technical support and field service from a single source. Copyright, Petra Metsola, Wärtsilä Corporation

Net sales by market area Asia represents nearly 40% of net sales AsiaEuropeAmericas MEUR Other Copyright, Petra Metsola, Wärtsilä Corporation

Net sales by country Top 10 countries as a percent of 2011 net sales Country % of net sales China9% Turkey6% Norway5% USA5% the Netherlands4% Brazil4% Dominican Republic3% Singapore3% Bangladesh3% South Korea3% Copyright, Petra Metsola, Wärtsilä Corporation

Americas 713 (745) Flexible baseload Industrial self-generation Oil & gas Grid stability & peaking Africa and Middle East 784 (321) Order intake 2011: 3,340 MW (3,175) Power Plants order intake Good global spread Europe 788 (762) Asia 1,055 (1,346) Copyright, Petra Metsola, Wärtsilä Corporation

2011 – Growth in order intake, resilience in profitability Order intake EUR 4,516 million, +13% Joint venture order intake EUR 394 million (77) Net sales EUR 4,209 million, -7.6% Operating result EUR 469 million, 11.1% of net sales Cash flow EUR 232 million (663) EPS EUR 1.52 (1.68) Dividend proposal 0.90 euro per share (1.75) Acquisition of Hamworthy expected to become effective 31 January 2012 Operating result and EPS are shown excluding nonrecurring items.

Our mission, vision, and values Mission We provide lifecycle power solutions to enhance the business of our customers, while creating better technologies that benefit both the customers and the environment. Vision We will be the most valued business partner of all our customers. Values Energy – Capture opportunities and make things happen Excellence – Do things better than anyone else in our industry Excitement – Foster openness, respect and trust to create excitement Copyright, Petra Metsola, Wärtsilä Corporation

Global Travel spend development The increasing spend trend has settled Compliance gates Copyright, Petra Metsola, Wärtsilä Corporation

Global travel figures travellers (Total global numbers of employees ) Travel Reports Air Tickets Hotel Nights Copyright, Petra Metsola, Wärtsilä Corporation

Global Travel Management in Wärtsilä ServicePower Plants Ship Power WIO Support functions Supplier agreements: airlines, hotels, car rental etc… Travel Expence Handling Process (SAP HR/Travel Module) Tools and suppliers Group Travel Policy and local quidelines Security Spend Supplier analysis Reporting Costs Compliance Copyright, Petra Metsola, Wärtsilä Corporation

Compliance gate keepers, Wärtsilä in Europe Finland Netherlands Norway Switzerland Italy France Sweden Great Britain Denmark Germany Cyprus Spain Poland Turkey Greece Portugal Hungary etc. SAP 93% 7% Volume Countries WTC ES PL TK GR PR HU Travel Request Gate 1 Approvals Gate 2 Purchasing (BCD Travel agency) Gate 3 Data Gate 4 Verification WSSC WTC = Wärtsilä Travel Center, an implant office of the travel agency (BCD Travel) handling 93% of the bookings. Other Wärtsilä countries are served by local BCD Travel office. WSSC = Wärtsilä Shared Service Center that checks all the travel reports globally. Copyright, Petra Metsola, Wärtsilä Corporation

Compliance gate keepers, Wärtsilä Global Finland Netherlands Norway Switzerland Italy France Sweden Great Britain Denmark Germany Cyprus Spain Poland Turkey Brazil USA Singapore etc. SAP 60% 40% Volume Countries WTC ES PL TK BR US SG Travel Request Gate 1 Approvals Gate 2 Purchasing (BCD Travel agency) Gate 3 Data Gate 4 Verification WSSC WTC = Wärtsilä Travel Center, an implant office of the travel agency (BCD Travel) handling 93% of the bookings. Other Wärtsilä countries are served by local BCD Travel office. WSSC = Wärtsilä Shared Service Center that checks all the travel reports globally. Copyright, Petra Metsola, Wärtsilä Corporation

The compliance gates, descriptions and purposes Gate1 Travel Request process (new eForm implemented May 2011) –All trips has to be preapproved –Trip type specifies the approval level –Each traveller uses the same interactive eTravel Request Form. –The form is informative and instructs people about the Travel Policy requirements when filling the form. The form creates a “mobile friendly” to approver with relevant information. Verifies that all travels and costs has been pre approved. Travellers’ security has been coordinated and all needed actions taken when travelling to high or extreme risk rated countries. Copyright, Petra Metsola, Wärtsilä Corporation

The compliance gates, descriptions and purposes Gate 2 Travel Booking process –100% of the booking volume is handled by one travel agency, BCD Travel. 93% of the European volume is handled by one team. Verifies e.g. that the lowest logical fare is booked, business class is not booked, Wärtsilä agreement suppliers and fares have been used (whenever reasonable). Copyright, Petra Metsola, Wärtsilä Corporation

The compliance gates Gate 3 Travel Reporting tool –Each traveller uses SAP Travel Reporting All companies have same structure of the receipt types, trip reasons and credit card transactions. One common Travel Reporting tool makes easy to follow the travel costs and compliance of all group companies. The compliance gates, descriptions and purposes Copyright, Petra Metsola, Wärtsilä Corporation

Gate 4 Wärtsilä Shared Service Center (WSSC) –WSSC’s Travel Accountants Team receives all the SAP (Gate3) travel reports from all Wärtsilä countries. Every report is verified and checked by Travel Accountant before payment. Verifies that the Travel Request is preapproved according to the Travel Policy requirement (Gate1). Verifies that the trips are booked by BCD Travel (Gate2). Verifies that the report is correct and content is compliant with the Wärtsilä Travel Policy. This whole process is audited on regular bases also by Internal Auditing Team. When ever a loophole is found, corrective actions at the nearest gate will be taken. The compliance gates, descriptions and purposes Copyright, Petra Metsola, Wärtsilä Corporation

Alternative for hotel bookings: Wärtsilä’s hotel booking tool Finland Netherlands Norway Switzerland Italy France Sweden Great Britain Denmark Germany Cyprus Spain Poland Turkey Brazil USA Singapore etc. SAP 60% 40% Volume Countries WTC ES PL TK BR US SG Travel Request Gate 1 Approvals Gate 2 Purchasing Gate 3 Data Gate 4 Verification WSSC Hotels The other accepted way to make the hotel booking is to make it via our own hotel self booking tool. 24h/7 via internet by telephone by app in iPhone/Blackberry/Anroid  Global availability to Wärtsilä agreement hotels Hotels Copyright, Petra Metsola, Wärtsilä Corporation

Hotels and compliance Booking channel compliance –Accepted booking channels BCD Travel Wärtsilä’s hotel booking tool –Some exceptions exist, e.g. service work (customer books and pays the hotel), trainings, conferences or other events when the organizer arranges the accommodation –Cost compliance Max hotel cost/night is limited in travel policy Copyright, Petra Metsola, Wärtsilä Corporation

One process, fits all - Lessons learned Top-management support is essential Long term commitment needed Cross functional cooperation –Common targets for all functions Clear and simple process The more exceptions the process has the more complicated it gets Communications, communications, communications…. Copyright, Petra Metsola, Wärtsilä Corporation

An example of the dashboard for monitoring global travel program compliance and BCD Travel Purchases XXX Copyright, Petra Metsola, Wärtsilä Corporation

Questions, comments? Copyright, Petra Metsola, Wärtsilä Corporation

WARTSILA.COM Petra Metsola Category Manager Travel Mob (0) Copyright, Petra Metsola, Wärtsilä Corporation