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Procurement and Finance Outlook Intelligence

EBG | Play: How do you manage Business Control in transformation?

September 11, 2019 By ebgnetwork

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EBG | Play: How do you manage Business Control in transformation? enabled by Qlik

How are you handling the gray zones in between functions? Are you able to free up time in order to capture opportunities in the gray zones between functions? Doing just that is the focus for Volvo Group and Volvo Group Trucks Operations and below You can learn how. Marcus Sjöholm, VP SML Business Control at Volvo Group generously shared his and their view and experiences. This session was enabled by Qlik, to learn more view the recording and scroll down to the bottom of this post.

Internal, external or in between opportunities?

Each webinar, EBG invite You who join our sessions to compare live with other peers joining. A great way to compare notes! Results shared as a percentage. Not statistic truths but interesting insights!

Many organizations are complex and a lot of focus is usually spent enabling internal efficiency and internal synergies. Using KPIs that are controllable, triggering a certain behavior within the organization.

But is the customer really interested in single aspects of for instance material cost level evolution? Possibly missing a big point. Are they more interested in the efficiency throughout the value chain? What it take to set up the logistics flow, the risk of long distance flow, or lead times for a sales representative to sell a certain option to a customer and so on.

Making many organizations missing out in the gray zones.

What opportunities are in Your focus?

The above the poll results during the live session asking about what opportunities are in focus in their organizations.

On demand session

Below you can re-view the session first hand, Marcus is giving solid advice and concrete examples that may trigger your business control development ahead. You find the on demand session >>here or by clicking the image below.

On demand recording – click the image or the link above

Are you and your organization data literate

Developing businesses based on insights is increasingly important. But what does that take from You, your colleagues and company management? How does your organization balance the need for new ways of interpreting and communicating data insights?

Not having the right competences and the lack of end-to-end data exchange being the biggest obstacles becoming more data literate and data driven.

Competence gap

Financial skills still of course being the back bone for controllers! Where else do people joining the live session consider controllers in their organization have a competence gap?

The major competence gap is perceived to be the need for system and tools skills to manage data. That result go hand in hand with the above result.

People and competence challenges

Changing the way companies do business, or develop ways to increase business control – take people wanting to change and develop. As seen below, one of the challenges are behavior staying the same!

People and competence gap

Summary

In conclusion, how are you managing the gray zones between functions in Your organization? Are you too focused on KPIs that are not leveraging end-to-end insights? You probably have the data – but are you lacking the skillets and behavior that will enable you and your organization to use it at its best? Do you have the tools and systems to support you in taking that step?

It was highly skilled people joining this live session and a treat hosting it – thank you Qlik for enabling us to do so!

Want to learn more?

Smarter data analytics for finance

For business to thrive, finance departments must deliver accurate and actionable insights in real time. Qlik synthesizes disparate financial and accounting data into powerful analytics that help you reduce costs and risks, improve profitability and transparency, and guide more informed decisions. Find out more at Qlik Finance Solutions

Data Literacy

Learn more about Data Literacy, do assessments and much more at the Data Literacy Project

Qlik webinars

Get inspired with a range of different topics on how to become a smarter organization. Both real time and on Demand webinars can be found here.

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EBG | Network was founded in 2010. A cross functional, end-to-end business network focusing on improved sales and forecasting, increased spend under management and financial supply chain control. EBG bring people together online and in person who can help each other grow and develop.

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EBG is managed by Anna & Lars – partners in business and life. Contact us today with any type (business) related questions! Contact us using the LiveChat function below.

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Anna Bjarkerud

Anna Bjarkerud

anna@ebgnetwork.com +46 735819302

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Lars Bjarkerud

Lars Bjarkerud

lars@ebgnetwork.com +46733500343

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CPO Outlook 2023 | October 18th & 19th | Stockholm

Having enabled true networking among peers and experts since 2010 it was evident that EBG | Network fill a gap when we finally could meet again in person in 2022.

In 2023 we meet again in Stockholm on October 18th & 19th. Are you a practitioner and want to host round table discussions or a workshop? Based on the very simple question “What would You want to discuss and share experiences about with a peer group?” Contact EBG for a discussion

Do you offer services or solutions for the end to end procurement community and want to have informal yet very concrete discussions? Contact EBG for a discussion.

What EBG offer is unique. Based on a solid understanding about change management and how to create networking meetings.

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EBG | Webinar: Sustainability due diligence and governance for procurement in 2023

Procurement have been aware of the impact supply chain and external spend have on corporate sustainability agendas for a long time. A lot has happened on the legislation side as well as on corporate awareness. During this upcoming webinar EBG bring together brains and experiences across multiple aspects of corporate sustainability realization. Because even though […]

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EBG | Network will be listing competences and solutions in the area EBG work. Source 2 Pay is a broad area including everything from sourcing tools to cash management solutions. EBG do not help choose – but have a lot of material to share!

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