1. Thomas Sutter, Global Solutions Centre of Excellence 11 July 2018
INNOVATE THE CFO ROLE
Thomas Sutter, Global Solutions Centre of Excellence
11 July 2018

3. Background
Paper Ledger Mainframe System Software System

4. Background Paper Ledger Mainframe System Software System ?
Multi-language
Multi-currency
Multi Subsidiary Management 
Multi Country Tax Compliance
ERP
Financials
CRM
Ecommerce
PSA
SCM
BFN ?
SINGLE
DATA
SOURCE
SUITECLOUD
PLATFORM
Human Capital
Management
Paper Ledger Mainframe System Software System

5. CFO Role Changes Financial Engineer 1990s Super Controller
2000s (after Sarbanes-Oxley)
Strategic CFO
Today

6. INNOVATION CF0 2.0 MASTERING TECHNOLOGY DATA GOVERNANCE CF0 1.0
COMFORT ZONE
INNOVATION CF0 2.0
Just 16% of CFOs ranked innovation as an area where they could add the most value.
Just 19% of CFOs believe they can add most value by the deployment of digital technologies.
MASTERING TECHNOLOGY
Only 6% of CFOs felt comfortable that they really understood the technologies available to them.
And only 37% agreed to knowing what is available in the market.
DATA GOVERNANCE
58% concede that valuable data is scattered across the organisation.
And Less than ¼ understand what data is available to them.
CF0 1.0
Financial Governance
Strategy development
Performance management
Business partnering

7. Innovation Speed INNOVATION So rapid today, hard to keep up
Crawl – Paper Ledger
Walk – Mainframe System
Run – Software System (single server)
Fly – Cloud System (multi-tenant server, API connections, many partners)
INNOVATION
So rapid today,
hard to keep up

8. Successful Innovation
People
Process
Technology

9. Innovation With NetSuite
Continue Innovation
International Expansion
Period Close
Audit
Planning Budgeting Forecasting
Business Partnering
Lead Further Innovation