Agenda for Transforming Manufacturing Finance*
THURSDAY, JUNE 13
All sessions will take place in the Century Ballroom.
7:00am – 8:00am
Breakfast & Registration
Century Foyer & Vista Terrace
8:00am – 9:00am
A Manufacturer’s Finance Transformation Case Study
Spencer Stuart summed it up perfectly – “After the economic challenges of the past decade, industrial companies realized an important truism: It is becoming imperative to embrace digital to meet changing customer expectations and respond to competitive threats.” Hear from Bradley Skogman, Vice President, Finance, Rockwell Automation, on how he and his team tackled finance transformation and the plan for what lies ahead.
9:00am – 10:00am
Intelligent Automation 101: Challenging the Status Quo in Manufacturing
Growth, quality, and efficiency are the core strategies for manufacturing organizations focused on the Fourth Industrial Revolution (4IR). Intelligent Automation within the finance and accounting function can support your organization in reaching these goals.
Challenge the status quo and join Kenneth Mertzel, Senior Director, Industry Strategy & Marketing – Financial Services, at Automation Anywhere to learn about how Robotic Process Automation (RPA) and Artificial Intelligence (AI) works alongside human labor to help finance organizations improve operational efficiency, accelerate the close process, and strengthen governance and controls. During this session, the following questions will be addressed:
What is RPA, how is the technology evolving, and why should I use it?
How do I select the right processes for RPA and ensure successful implementation?
What are the most common use case examples in Finance?
10:00am – 10:30am
10:30Am – 11:30Am
Manufacturer Case Study: Finance Automation
With factories, offices, and other facilities in more than 30 countries, John Deere was spending a significant amount of time completing a multi-step manual closing process and reclassifying entries in SAP. During this session, Jeff Brown, Controller, John Deere, will share their transformation journey starting with the development of shared services to the automating of their closing process with BlackLine Solutions, including Smart Close, and the recent undertaking of evaluating the finance departments 4,500 tasks per month to see which can be automated.
Tony DiTomasso, Senior Solutions Consultant, will provide an overview of BlackLine’s suite of financial close automation solutions, discuss common use cases of BlackLine for manufacturing organizations, and highlight impactful results realized by BlackLine customers.
11:30Am – 12:30pm
12:30pm – 1:30pm
Managing for Risk During Financial Transformation
There are fundamental differences across asset classes when defining success for a hedging program. Mike Burns, Director, Corporate Treasury Advisory Team, and Jason Peterson, Director of Client Relationships, Chatham Financial, will examine similarities and differences in hedging rates, FX, and commodities. This includes why companies hedge, what metrics matter, how policies and programs are set, whether hedge accounting is a priority, how costs are evaluated, and even operating rhythms. Additionally, this session will address the various stakeholders involved and the interests represented across treasury, accounting, procurement, FP&A, senior management and board members. Case studies will be shared to demonstrate challenges and solutions encountered across the manufacturing industry.
1:30pm – 2:30pm
Bancroft & Lennox Rooms
Join fellow manufacturing leaders in the finance space to discuss the issues important to you. This time will be spent having candid conversations with peers to help you solve your most pressing challenges.
2:30pm – 2:45pm
2:45pm – 3:45pm
Digital Finance: Harnessing the Power of Disruptive Technologies
Finance organizations across the globe are being shaped by major forces within digital finance, including rapid pace of change, power of data, pressure to grow and expanded expectations for controls and compliance.
Join Caterpillar’s Rich Moore and Hugo Dufour as they discuss their journey of utilizing various disruptive technologies within innovation initiatives to respond to the ever-changing landscape of finance. This session will highlight the opportunities and challenges associated with adopting technologies in a global organization.
3:45pm – 5:30pm
FRIDAY, JUNE 14
7:00am – 8:00am
8:00am – 9:00Am
Manufacturer Case Study: Data Visualization
Rapid technological innovation in the area of data analytics presents opportunities and challenges for manufacturing finance teams. Join Mark Elmer, Senior Data Analyst, and Martin Fasang, Business Data Analytics Leader, from Johns Manville, as they share their journey and discuss lessons learned from JM’s initial implementation of SAP ERP in 2010 to the creation of the Finance Data Analytics Team. The presentation covers tool selection, hiring the right talent and building an effective team culture, and driving user adoption.
Get inspired as you watch the demos of data visualizations co-developed with the commercial, operational and corporate finance teams.
9:00am – 10:00am
Implementing Lean for a Competitive Advantage
The idea of lean culture was born out of the desire to optimize the flow of physical materials. Given that lean culture more naturally thrives in non-Western cultures, how do Western manufacturers apply this, particularly as it needs to be tailored to virtual work in an era of finance transformation? Listen in as Scott Lezynski, Finance Director, Moog, details his team’s work dedicated to embedding lean concepts and operation principles at his organization.
10:00am – 10:15AM
10:15am – 11:15AM
Reynolds’ Journey with RPA
Rich Tarapchak, Corporate Controller, Reynolds Group Holdings
11:15am – 12:15PM
Investing in Finance’s Future Talent
It seems that everyone is talking about the need for transformation in organizations today—whether you’re in manufacturing, finance, or some other industry. The reality is the world is changing in ways we haven’t experienced before, and organizations are faced with increasingly more complex problems. This requires a new kind of culture, a different approach to leadership, and a shift in how we think about developing our people and our teams to navigate these changing dynamics.
Come hear from Erin Swartout, Director of Talent and Organizational Development at Masco Corporation, about Masco’s approach to talent and their journey to build a new kind of high-performance culture. You’ll also experience a couple simple, proven tools you can use back at work to help you and your teams grow and develop faster.
12:15PM – 1:00PM
1:00pm – 2:00pm
A Global Economic Outlook
Worldwide macroeconomic growth is improving slightly in much of the world, and inflation is contained. Foreign currency reserves remain ample in most emerging market (EM) countries, and debt loads there are being managed relatively well. Indeed, the EM asset class has been one of the best performers this year. But there may be clouds on the horizon, as geopolitical headwinds have emerged in some of the most investible nations. Jonathan Lemco, Ph.D., Principal and Senior Investment Strategist at Vanguard will discuss the most likely scenarios for both developed and developing economies going forward, with particular attention devoted to the potential roadblocks along the way.
*Subject to change.