Video on the topic "Financial Savings Management" (DE)
Category: Performance Management | Duration: 02:19 m
As a CFO, you make decisions. You define strategies and you have to ensure that these strategies are also implemented.
That's part of YOUR job.
OUR job is the digital transformation – we have the systems!
In order to make decisions, you need to have transparency in your data. Transparency means comparability and pattern recognition. They are obtained by methods of artificial intelligence and advanced analytics.
From the precise knowledge of your data and data patterns, from trends and their projection into the future, coupled with your experience, you develop strategies.
In order to implement your strategies through truly tangible and comprehensible initiatives and to measure their real successes, you need a control system.
This digital transformation we offer you and that's exactly what I want to talk to you about.
I would now like to go into detail on the aforementioned control system for your strategic initiatives.
The next fiscal year will be planned based on the figures for the previous year.
The planning usually results in a delta to the previous year (e.g. 10% more sales, 5% more EBIT).
Orpheus EBIT Tracker now lets you translate this delta into concrete operational initiative in the individual divisions. You achieve the impact of the initiative on your goals through clear responsibilities, quantified goals and milestones within the initiatives.
The ultimate goal is to enable a more accurate, under-year control or counter-control.
The control cycle of analytics, strategy and implementation then closes through the integration of the tracker with analytical methods. This is how your successes can be measured and tracked.
Added value for your procurement
Transparency of the procurement and SCM data as well as KPIs through automated classifications and cluster algorithms
Automated, system-based BOTs for proposals to detect efficiency potentials (cash/working capital-, savings-, compliance-, risk-, data quality-, process- mining)
Providing apps and information/facts for strategies in procurement and supply chain, such as:
- Category knowledge or information on procurement markets
- Baselines from the actual data for categories and suppliers
- Intelligent Supplier Search and comparisons (supplier analysis)
- Fact-based creation of strategies (for product groups, technologies, innovations, etc.) and derivation and management of Initiatives to implement
Success measurements and key figure based procurement controlling
Added Value measurement through integration in the balance sheet and the income statement.