This is Finance in 15, a podcast dedicated to educating senior finance leaders about transforming their finance functions. Join Adam Boutros, PwC Canada’s Future of Finance leader, as he sits down with PwC Canada leaders to discuss the importance of finance transformation in your organization, how to get started, and the best ways to see long term and lasting results.
For more information about the Future of Finance, check out our website: https://www.pwc.com/ca/en/today-s-issues/future-of-finance.html
Looking back—A season in review
In the final episode of the first season, host Adam Boutros reviews some of the highlights from the Finance in 15 podcast so far. The episode reviews key takeaways and insights from episodes one through six, including concepts like the 3Ps of finance: people, process and performance, the process pillar and the ultimate goal of transformation in finance. Featuring snippets from guests Samir Bishara, Lee-Anne Kovacs, Kevin Ng, Marino Fremis, Marilyn Wang, Sebastien Doyon, Michelle Bourgeois and Alaina Tennison, the final episode provides a recap of the best learnings and nuggets of wisdom from the season. Be sure to tune into season two this fall for new episodes exploring emerging topics like ESG, developing the workforce of the future and cybersecurity.
00:00- Adam’s introduction to Finance in 15
00:21- Adam discusses how listeners have responded to the season
00:52- Adam discusses what will be happening in today’s episode- exploring key points from previous episodes and guests
01:27- Samir Bishara discussing the finance transformation journey
02:06- Adam reviews the three Ps of finance transformation and introduces the next clip from episode 3 with Lee-Anne Kovacs
2:56- Lee-Anne talks about the “People” aspect of finance transformation
04:06- Adam introduced the next clip with Kevin Ng
04:56- Kevin reviews the savings and efficiencies for automating tax processes
06:24- Adam introduces the next clip with Marilyn Wang
06:58- Marilyn reviews points about how to start improving data capabilities
08:33- Adam introduced the next clip with Alaina Tennison
09:05 Alaina speaks about her experiences with significant finance transformation
10:20- Adam’s closing thoughts and conclusions
Compliance, transformed: How finance can accelerate the close
According to PwC’s Finance Effectiveness Benchmarking report, leading organizations take less than three days to close. They also have fewer errors for first-time processing of journal entries, and they spend an average of three times more effort on reporting and analytics for improved business performance. For many finance companies, accelerating the close is an ongoing challenge. In this episode, host Adam Boutros sits down with Jill Satre, a partner in Risk Assurance Services at PwC Canada and Marino Fremis, Finance Transformation Lead at PwC Canada, to explore the compliance processes that can slow down the close and opportunities for improvement to ultimately deliver more value to the business. We offer tips for speeding up the process without compromising on quality, and why accelerating the close is such a crucial opportunity for finance companies.
00:12- Adam introduces the theme of today's episode: accelerating the close
00:34- Adam introduces today's guests: Jill and Marino
00:48- Jill and Marino provide background on what they do at PwC
02:15- Marino dives into the meaning of "accelerating the close" and what it means to him
03:22- Jill explores the role of compliance in the close process
04:47- Marino discusses opportunities that usually have the biggest impact
06:17- Jill and Marino discuss how companies can get deeper insights for running their businesses by reimagining their compliance processes.
08:10- Marino offers his take on where companies should start with accelerating the close
09:34- Jill and Marino discuss strategies for working with organizations that help them through change management
11:29- Jill shares her final thoughts on accelerating the close
12:11- Adam's closing reflections
Bringing your full value as a business partner (Part Two)
PwC’s Finance in 15 podcast series offers finance executives and business leaders insight into the pivotal ways finance can increase strategic value for their organizations. In this episode, our specialists discuss the last of the 3 Ps of finance transformation: performance. As finance teams struggle to produce data fast enough to help the business make key decisions, performance is an essential component of the transformation journey today. During the episode, National Future of Finance Leader at PwC Canada Adam Boutros sits down with Marilyn Wang, a Partner in PwC Canada’s One Analytics group and Sébastien Doyon, who leads the company’s Quebec finance transformation practice. They discuss trends around performance in finance and the tools leaders need to get started on the performance stage of their journey.
00:12 Adam introduces today's episode- part two our the discussion on performance in finance transformation
00:27 Adam introduces today’s guests: Marilyn and Sebastien
00:47 Sebastien and Marilyn discuss some of the key trends around performance and finance
04:35 Marilyn and Sebastien explores how organizations can get started on the their journey of finding the right tools, solutions and technologies for their finance transformation journey
07:33 Adam’s reflection on the interview
Bringing your full value as a business partner (Part One)
PwC’s Finance in 15 podcast series offers finance executives and business leaders insight into the pivotal ways finance can increase strategic value for their organizations. In this episode, we discuss the last of the 3 Ps of finance transformation: performance. As finance teams can struggle to produce data fast enough to help the business make key decisions, a focus on performance is an essential component of the transformation journey. During the episode, National Future of Finance Leader at PwC Canada Adam Boutros sits down with Marilyn Wang, a Partner in PwC Canada’s One Analytics group and Sébastien Doyon, who leads the company’s Quebec finance transformation practice. They discuss the fundamentals of performance in finance transformation and how teams can address it within their organizations.
00:18 Adam introduces the theme of today's episode- performance
00:44 Adam introduces today’s guests: Marilyn and Sebastien
1:06 Marilyn and Sebastien explain what they each do in their roles at PwC
2:40 Marilyn and Sebastien each provide an overview of their interpretation of the meaning of “performance”
7:44 Marilyn shares some information about the tools that can help leaders get started in their finance transformation journey
9:06 Marilyn and Sebastien explore best practices for finance teams addressing performance
13:13 Adam’s reflection on the interview
Going Big on Digital Transformation
Within critical data lies a huge opportunity. Yet, in finance, the phrase digital transformation is something that tends not to be fully understood. In this episode, Adam takes you through the key things you need to know to transform your finance department with guest, Michelle Bourgeois, ERP Consulting Partner at PwC Canada. Together they explore what movement to the cloud means for your organization, including SAP S/4HANA, how to take an integrated approach, and getting your people on board to ensure a seamless, successful transition.
00:18- Adam introduces the theme of today's episode- digital transformation
00:48- Adam introduces today's guests, Michelle
1:10- Michelle explores what digital transformation means for finance leaders
2:12- The value of digitizing and modernizing reporting and data
2:58- The struggles CFOs face with reporting
3:45- A business led approach to technology change and the value of your CFO having a vision
5:25- Getting your organization on board with a successful transformation
7:04- Michelle's knowledge of the landscape of PwC client companies; when and how they are digitizing
9:24- Michelle's summary of how to get started on your digital transformation journey
9:57- Adam's reflection on the interview
Reimagining the Processes in Finance
This week, Adam sits down with PwC Canada partners, Marino Fremis, Partner, Finance Transformation Lead and Kevin Ng, Partner, Tax to walk through the second P of finance transformation, “process”. Together they walk through how new processes can transform your finance department, what those processes could look like, and how to remain competitive during the implementation stage.
Check out our website: https://www.pwc.com/ca/en/today-s-issues/future-of-finance/finance-in-15-podcast.html
Adam does a great job telling the story of finance. Definitely subscribing!