1. Attention CFOs
How to tighten your belt and still survive
May 18, 2017

2. In addition to global challenges, unique challenges exist in the GCC
We are ready to publish a thought leadership on the RPA trend in MENA region and would like to share some interesting insights in the present context
Government and corporate entities in MENA are undergoing a unique set of challenges at the moment

3. Value creation and cost pressure
We have identified the disruptive forces that are impacting the expectations from the finance function and the CFO 1 3 5
Collect, process and analyze large volume of data in real time and provide statistical and mathematical data analysis for data visualization
RPA is the application of technology that allows a computer software or a “robot” to capture and interpret, process, manipulate data, trigger responses and communicate with other digital systems.
Cybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access.
Big Data & Analytics
Robotics Process Automation
Cyber security
Finance
Value creation and cost pressure 2 6
Allows users to rent access to a variety of virtual computing options. It provides users data storage space and applications available directly online 4
The blockchain is a storage, a transmission and an authentication of information technology transparent, secure, and operating without central control body
A GCC value-added tax (VAT) framework agreement has broadly been accepted with a challenging deadline for businesses to implement
GCC businesses will be required to integrate the new International Financial Reporting Standards (IFRS) over the short to medium term
Blockchain & FinTech
Regulatory
Cloud
(VAT, IFRS)

4. Key success factors for successful finance transformation
Sustainable ECR
program that enhances
competitive advantage
Design a portfolio of initiatives that creates an integrated Roadmap for change
An hypothesis
driven approach
based on experience
that focuses efforts on
areas with significant
benefit potential
Experienced
program management
and change management
equipped with a robust
methodology and
supporting tools that
drive execution
A robust benefit tracking process that is embedded within existing processes to drive accountability
and realization
A vision which is
aligned with corporate
strategy and supported by executives
An effective transition of
initial program into
sustainable on-going
function

5. Finance needs to change its role in the organization by delivering the traditional functions more efficiently but with an increased focus on business partnering
Process delivery
Direction setting
Accounting skills
Commentator
Finance as commentator, explaining the business story in numbers and variances
Business recognizes the value of decision support available within finance and requests support and comment as required
Business partner
Acts as business advisor and integrator of the total business view
Provides insight and robust challenge and supports commercial decisions
Takes ownership for and actively manages the financial drivers of value
Scorekeeper
Role focused on bookkeeping
Efforts expended on transaction processing and providing month-end result
Inward looking culture
Custodian
Role focused on leading class governance
Works with the business to monitor compliance and manage effective controls
Custodian of assets and value protection
Conscience of the business
Business skills

6. EY has developed a rigorous, pragmatic and tested cost reduction methodology based on value drivers
Set Target Savings
Diagnostic
Kick-off Quick Wins Program
Strategic Initiatives
Policy
changes
ZBB
Costs
Change Management
Initiative Tracking
Update Targets
New opps.
Program Governance
Value Targets
Roadmap
Opportunity prioritization
Organizational Insights
Analytics
Addressable Cost Categories
Value Tracking

7. RPA Enabled Cost Reduction – Emergence of Robotics
Discover and prioritize the processes in scope
Define and document processes with automation experts
Automate processes by bot development teams
Repeat and learning of the deployed bots
Manage & control your bot workforce
Roadmap for Proof-Of-Concept, Pilot and scaling of RPA
Gate 1
Gate 2
Gate 3

8. We have also put in place a robust and sustainable change management to engage and prepare the organization for the transformation

9. Thanks for your attention!