Day One, April 4
9:30 am - 10:00 am
EST
How Siemens Used AI To Transform Reconciliation
Rob Koca -
Head of Record to Report North America,
Siemens Global Business Services
Julianne Drake - Manager, Process Optimization & Digitalization, Siemens Global Business Services
Properly reconciled accounts and transactions are the bedrock of an efficient financial close process, that’s why they’re often the starting point for automation of the R2R process. Siemens GBS went one step further, utilizing AI to analyze transactional volatility, therefore reducing time and effort spent required for reconciliations. In this session, Rob Koca, Head of R2R and Julianne Drake, Manager of Process Optimization & Digitalization, talks us through the project, including:
· Leveraging AI to improve the speed and quality of your reconciliations
· Prioritizing risk accounts
· How AI can transform your R2R process from labor intensive to value-adding
Julianne Drake
Manager, Process Optimization & DigitalizationSiemens Global Business Services
11:00 am - 11:45 am
EST
Panel Discussion: Building A Roadmap To Centralize & Standardize R2R Into Your Shared Service Center
Ana Figueiredo -
Head of Finance Function Service, Record to Report,
Adidas
Georg Siedlaczek - VP, Value Stream Owner, Record to Decide, Bayer
SSON’s 2022 State of the Industry Report showed that only 36% of shared services are currently providing R2R services. This means there is still huge opportunity for shared services to make productivity and cost-savings by centralizing record-to-report. But it’s no mean-feat and can often be a years long transformation project depending on the size and complexity of your organization. In this session we discuss how you can get started:
- Building a roadmap for centralizing and standardizing R2R
- Planning for the pillars of technology, people, shifting activities and organizational re-design
- Ensuring you’ve got stakeholder buy-in and long-term support
- Communicating expectations and building up knowledge within your shared services
12:00 pm - 12:30 pm
EST
Coca-Cola FEMSA Case Study: Faster Financial Close Via Collaboration & Lean Processes
Beatriz Rodriguez -
Global Record to Report Lead,
Coca-Cola FEMSA
When an organization wants to speed up financial close, automation is often the first port-of-call. But prior to that stage it’s important to look at the process end-to-end and establish where waste lies. This is exactly what Beatriz Rodriguez did at Coca-Cola FEMSA which resulted in hours saved and a cleaner, more accurate financial close. In this session we look at their journey, including:
- How to achieve faster financial close: Where do you start?
- Change management best-practice: Collaboration and communication
- Achieving a standardized and risk-based approach to allow you to stay agile
- Utilizing technology to further speed up the process
