16 - 18 June, 2019
The Address Hotel - Dubai Mall, Dubai, United Arab Emirates

Conference Day One Monday, 17 June 2019

9:05 am - 9:15 am Chairperson’s Opening Remarks

Automation To Efficiency – Creating A Roadmap For Success Digital Finance Has Advanced With The Wave Of Transformation, What Does It Mean For The Cfo And How Does It Help In Effective Growth?

9:15 am - 9:35 am Key Tech Enabler – Intelligent Automation

Mark Cutis - Group CFO, ADNOC Group
Sufficing the insufficient forecasts with digitalisation – Does it assist or defect the human analytical touch?
The future role of the CFO has to be well versed with a deep understanding of numbers and an analytical approach to facilitate data transparency.
This discussion will highlight the CFO role in regards to data and digitalisation;
Key question: Can machines take over the human touch to enable CFO’s to entrench as CFO’s of future?
  • Is data driven – machine learning taking away the advantages of human experience?
  • What are the key areas data mining can have an impact?
  • How can it help a CFO sleep better at night?
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Mark Cutis

Group CFO
ADNOC Group

9:35 am - 10:00 am Key Tech Enabler – Big Data

Jignesh Sanghvi - CFO, Dubai Multi Commodities Centre (DMCC)
Sufficing the insufficient forecasts with digitalisation – Does it assist or defect the human analytical touch?
The future role of the CFO has to be well versed with a deep understanding of numbers and an analytical approach to facilitate data transparency.
This discussion will highlight the CFO role in regards to data and digitalisation;
Key question: Can machines take over the human touch to enable CFO’s to entrench as CFO’s of future?
  • Is data driven – machine learning taking away the advantages of human experience?
  • What are the key areas data mining can have an impact?
  • How can it help a CFO sleep better at night?
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Jignesh Sanghvi

CFO
Dubai Multi Commodities Centre (DMCC)

10:00 am - 10:20 am Key Enabler – Data Mining And Security

Joachim Muller - CFO, Abu Dhabi Financial Group
The Abu Dhabi Financial Group (ADFG) journey from an analog
CFO to the digital CFO
The CFO is the driving force for all advancements that transform processes and build efficiency. Hear how Joachim the CFO of ADFG helped transform the ADFG finance functions with automation.
Key question: What was the ADFG digital approach and why is it important and how do you leverage it?
• Safety first; why approaching data security should be of utmost importance to technology?
• How is the CFO leveraging financial data to help the company achieve growth using predictive analysis?
• Full of data; what to do with all the access to data that didn’t exist before?

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Joachim Muller

CFO
Abu Dhabi Financial Group

10:20 am - 10:40 am Key Tech Enabler – Robotic Process Automation

#DeathByDigital2020
How automation helps transform the finance function by increasing diligent efficiency?
Key question: How to simplify existing processes and eliminate the remaining redundant steps?
  • Are companies’ financial functions turning into virtual workspaces?
  • Deciding the mode of automation: partial or full?
  • Taking it to the next step: advancement with AI

10:40 am - 11:00 am Key Tech Enabler – Automation To Enhance Efficiency

Renyl Rauf - SVP Finance, Jet Airways
Beyond the digital CFO; a Jet Airways case study
CFOs are now taking the plunge to adapt to more technologically advanced cloud tech, robotics, and machine learning. The finance team is more charged than ever to improve efficiency and deliver the name back on the board. This session will discuss the new age finance team tackling disturbances;
Key question: How technology is helping Jet Airways take the plunge into increasing their efficiency and declining the financial pressure?
• Why is it necessary to harness the opportunities leveraged by tech?
• With all technologies being readily available, why is tech still considered to be one of the top challenges for the CFO?
• In the news; How to tackle the fear of stakeholders?
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Renyl Rauf

SVP Finance
Jet Airways

11:00 am - 11:30 am Networking break

To Spend Or To Save? Revising Cost Control Strategies In Tough Economic Environments A Global Pwc Report States That Top Performing Finance Teams Operate At 36% Lower Costs Than Average Performers, And Significantly Better Than Poor Performers. The Cost Of Best Performing Finance Functions As % Of Revenue Is 0.55%. In The Ever Changing Economic Conditions, How Does The Cfo Manage To Cater To Efficiency And Manage Cost Control?

11:30 am - 11:50 am Key Enabler – Budgeting Strategy

Zero is the new number in the budget game – How zero based budgeting helped a global snack foods giant achieve savings of $350 million increasing operational margins?
This session will highlight the entire process of upgrading to the ZBB process and answering the below;
  • What is the closed loop approach and how does it help ZBB?
  • How is ZBB establishing the cost culture within the organization?
  • The future of ZBB – big data and artificial intelligence

11:50 am - 12:10 pm Key Enabler – Business Model Of Growth

Paolo Lomonaco - Group CFO, Al Chalhoub Group
How does a CFO outline the sustainability and longevity of the business model and what it means for the company?
With all the data and analytics available at the CFO’s disposal, the real outlook comes into picture when the future of a company is looked into. Understanding the core business and performance linked with trends is what lies in the hands of a CFO. Key question: How to identify the growth opportunities in the current/new market?
  • There is never enough; How to outline and deliver a sustainable business model?
  • Efficient cost control strategies through automation
  • How do cost cutting strategies map out future planning?
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Paolo Lomonaco

Group CFO
Al Chalhoub Group

12:10 pm - 12:30 pm Key Enabler – Shared Services

Kartik Thakkar - Director Finance, Al Futtaim – Healthcare
Are shared services and outsourcing the key to reduced cost and non-value add activities?
Debating over the pros and cons of shared services across finance.
Key question: What do shared services mean for the company and how will it affect the approaches and functionality of the organisation?
  • How shared services help in delivering transparency and authorise more control over data?
  • How can SSC guarantee compliance and ethics of the organisation?
  • Is automation a solution to consider over SSC?
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Kartik Thakkar

Director Finance
Al Futtaim – Healthcare

Safety First; The Need For Leaning Into Risk And Cyber Hygeine There Has Been a 4% Increase In Risk Appetite Over The Last Year With Only 79% (Gcc 69%) Of Respondents Being Risk Adverse (*Deloitte Me Cfo Survey’18). With Economic Outlook/Growth And Geopolitical Issues, How Does a Cfo Help In Mitigating Risks?

12:30 pm - 12:50 pm Key Trend: Risk Management

How does the finance unit in partnership with the risk officer deal with the “black swan” scenarios?
With rapid expansion of businesses globally, the risk factor is exceedingly high. This session will highlight how risk can be mitigated by top finance management.
Key question: How to establish an effective and practical governance process?
  • How to use the data output for strategic decision making
  • Mitigating tech risks in unstable geopolitical landscapes

12:50 pm - 1:10 pm Key Tech Trend: Cyber Security And Hygiene

Billions at stake – Why the system architecture of the company has to lean towards cyber solution and not away
Accenture’s global research report states one of the primary concerns of a CFO is the emergence of new, cyber-related risks that make the investment redundant. Forrester claims firms that invest more in IT security experience 6.8 fewer breaches and save more than $5 million. Key question: What are companies doing extra towards cyber security?
  • Are financial risk & cyber risks directly proportional? To what extent?
  • What is IAM (Identity Access Management) and how does it help the CFO?
  • The insider partnership; CISO and CFO hand in hand

1:10 pm - 2:15 pm Networking lunch break

Interactive Group Discussions (IDGs) are the perfect setting for audiences to come together and discuss their ideas, insights and opinions on specific topics. Each IDG has a leader who will lead the discussion and mention key points that the audience seated can engage in, creating a platform for interactive conversations and learning’s from like minded individuals, from similar work backgrounds of industries, hence leading into a thought provoking discussion.

Group 3

IDG 1:

2:15 pm - 3:15 pm Is Zero-Based-Budgeting transforming the way companies forecast and budget?

IDG 2:

2:15 pm - 3:15 pm Are AI and machine learning capable of being your new accountants?

IDG 3:

2:15 pm - 3:15 pm How does data drive decision-making facilitate the CFO?

IDG 4:

2:15 pm - 3:15 pm What does the classic CFO need to upgrade upon?

IDG 5:

2:15 pm - 3:15 pm Beyond numbers; Why the CFO is now more of a people’s person?

IDG 6:

2:15 pm - 3:15 pm Why HR efficiency is key for cost control strategies?

A Year Out: Evaluating The Role Out And Impact Of Vat The Emirati Government Introduced a 5.0% Vat In January 2018, In Line With Gcc-Wide Plan, As One Year Comes Of It, How Did Vat Impact The Businesses And What Did It Mean To Them?

3:15 pm - 3:35 pm Revisiting 2018

Nauman Mian - CFO, Bayt
The one year anniversary: How has VAT impacted the business and what did it mean to the finance department?
According to the latest IMF forecasts, the UAE’s real GDP growth is expected to reach 2 per cent in 2018 as compared to 0.5 in 2017, and average 3.1 per cent in 2019-23.
Key question: With increased costs, extra functions and changes to structure within businesses, what has the journey been so far?
  • How has your global income been affected with the inclusion of VAT?
  • Has the business efficiency seen a rise?
  • How to risk-manage different scenarios in the design and application of VAT?
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Nauman Mian

CFO
Bayt

3:35 pm - 3:55 pm Key Enabler – Fradulent Filing Of Vat

How to ensure your VAT filing is not fraudulent?
With the introduction of VAT, a lot of organisations seek professional advisory services on how to
implement and work with VAT. However, fraud can happen at any level and in order to ensure the
requisite amount of VAT is collected companies are now considering using VAT recovery technology
to effectively combat fraud.
• Have you as an organisation implemented the necessary internal controls?
• How to ensure incorrect tax filings do not cost you
• Is your business GCC VAT compliant?

3:55 pm - 4:15 pm Key Enabler – Approaching Gcc Vat

Ali Afridi - VP Finance, Saudi Telecom Company
What will the consequences of rolling out VAT in GCC look like?
With UAE and Saudi taking the first leap of implementation of VAT, the other GCC countries are not far behind. The question is how will VAT Impact on intra-GCC trade operations and Reverse Charge Mechanism for intra-GCC imports.
  • With current VAT being at 5%, is there a possibility of seeing it move higher in the near future?
  • What are the key lessons learnt with Saudi and UAE?
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Ali Afridi

VP Finance
Saudi Telecom Company

6:15 am - 6:15 am Wrap up by conference chairperson and end of conference day one