Conference Day One Monday, 17 June 2019
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 - 9:40 am Key Tech Enabler – Intelligent Automation
Mark Cutis Group CFO ADNOC Group
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?
Mark CutisGroup CFO
9:40 am - 10:05 am KEY TECH ENABLER - THE FUTURE VALUE OF DATA
What is the true value of data, and is more data always better?
Having a firm grasp of how data is acquired and used is increasingly important for ambitious corporates seeking expansion in the modern economy.
This discussion will highlight the CFO’s role in directing decision-making using, and how to assign value to something that is in a constant state of flux.
Key question: How can we meaningfully value data from an economic point of view?
• Commodity – From creation to consumption and monetisation, is there any benefit to viewing data as a commodity?
• Liability – What are the opportunities and risks for organisations in the safekeeping of data?
• Collaboration – Will there be global collaborative alignment on the future of data, or will it be fragmented?
Dubai Multi Commodities Centre (DMCC)
10:05 am - 10:30 am Key Enabler – Data Mining And Security
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?
Abu Dhabi Financial Group
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?
10:30 am - 10:55 am Key Enabler – Business Model Of Growth
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?
Anand BhandariGroup FInance Manager
10:55 am - 11:05 am Speed networking
11:05 am - 11:30 am Networking break
11:30 am - 11:50 am KEY TECH ENABLER - FINANCE BUSINESS INTELLIGENCE
Empowering the CFO office with automated digital reporting and financial business intelligence
Michael BonitoAccount Manager
11:50 am - 12:15 pm Key Enabler – Shared Services
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?
Kartik ThakkarDirector Finance
Al Futtaim – Healthcare
12:15 pm - 12:35 pm Why Maersk moved from legacy EPM to OneStream
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?
12:35 pm - 12:55 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
Fahad DamaHead of Risk Management
12:55 pm - 1:15 pm Key Tech Trend: Simply Finance
The CFO is increasingly becoming a business partner. Because of this, Finance leaders must be able to extract the essentials from a variety of sources of information and (big) data to provide the right recommendations.
Learn from some practical examples how the digital transformation can support the CFO.
Key question: How can Coorporate Performance Management (CPM) solve the challenges of finance function and support the CFO to lead into the future?
• Case examples for actual and future challenges of the finance division
• How can the CFO align the needs and strategy?
- • How can CPM support this transformation?
Marcus SchmidHead of International Management
1:15 pm - 2:15 pm Networking lunch break
IDG 1:2:15 pm - 3:15 pm MASTERCLASS TOPIC: Automate your VAT compliance in 4 simple steps
Are you always in a rush on the 28th of every month to file your VAT return? Are you ready with your FAF file? Are you confident of the VAT returns you have filed? Attend our masterclass and learn about
automating your VAT compliance in 4 simple steps at CFO summit. MMJS VATeGenie is a VAT compliance tool which enables accurate VAT computation and automatic preparation of returns. Being highly flexible as well as scalable, this tool is approved by the Federal Tax Authority (FTA) in UAE and can free up time of the finance team to a great extent and bring process improvement. We have both cloud and onpremise models as solutions to businesses. In this masterclass, we will be showing the demo of our product and focusing on how it can add value to your organisation.
Anuj JainSenior Manager
Pavan KumarCompliance Solutions Head
IDG 2:2:15 pm - 3:15 pm MASTERCLASS TOPIC: A People1st Approach to RPA - Turning conventional wisdom on its head
Robotic Process Automation (RPA) is a new transformative technology that is gaining traction in most parts of the world. Potentially, it provides the promise of increasing productivity, reducing cost and error rates, freeing up capacity for businesses to maintain competitiveness. However, in practice, some results have not lived up to expectations. Traditionally, the approach taken to RPA has been very much top-down and enterprises are now starting to consider alternative deployment methods in order to realiSe the full potential of RPA to achieve better business outcomes. This session will highlight why a traditional top-down approach is not the full answer. It will also introduce the Softomotive People1st Approach to RPA which turns conventional wisdom on its head by putting power in the hands of the end-users.
Leyton PerrisGlobal Chief Revenue Officer
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 - 3:40 pm Revisiting 2018
Nauman Mian CFO Bayt
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?
3:40 pm - 4:00 pm INNOVATION IN VAT: THE CURRENT STATE AND WHAT DOES THE FUTURE HOLD
Pierre ArmanMarket Development Lead, Tax, Accounting & Global Trade Management, Asia & Emerging Markets
4:00 pm - 4:30 pm Key Enabler – Approaching Gcc Vat
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?
Fazeela GopalaniHead of Middle East
Surandar JesraniCEO and Managing Partner
Anand SoniGroup CFO
AAB Tools Group
Ashfaque PatelGeneral Manager - International Tax
Al Futtaim Group