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Strategic Finance: Changes and Challenges for a World Class Finance Organization

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Course Overview

One clear lesson of the past few years is that “business as usual” is no longer enough. Change is a constant feature and businesses need to consider how they need to adapt their organizations to develop and maintain their competitive advantage

The global crisis of the pandemic generated a reactive change across all industries – many businesses adopted pivoting strategies to “keep the lights on”, whether that involved introducing remote working programs, developing new routes to market or responding to changes in customer or market behaviors.

But “reactive” change is typically the most stressful – the most pressing on resources across the business and, often, the least successful. There is a need for business to adopt a more “pro-active” response to the changing work arena and to identify strategies to deal with these changes before they arise.

Finance is not exempt from this – indeed, finance transformation initiatives can and should form part of the organizational response to the changing environment.

This leads to key questions for any Finance Leader

•Have we considered the changes which might occur in our environment, and do we have the tools to identify them?

•What are the finance and organizational implications of the ESG objectives?

•How can we become a more Agile leader, team and organization?

•What do we have to do to deliver a World-Class Finance Function?

Key Takeaways

1
Participants attending this workshop will gain a comprehensive understanding of the implications of change for the finance function and the need to develop a strategic response.
2
Develop a strategic vision for finance in the future
3
Learn Agile approaches for financial transformation
4
Challenge current practices and develop an appetite for World Class Finance
5
Understand the requirements of sustainable finance

LEORON - Professional Development Institute
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LEORON is the leading corporate training and EdTech company in the EMEA region, with the most comprehensive learning and development solutions in all strategic corporate functions, including Corporate Finance, HR, Procurement and SCM, Technology, Quality, Operations and Engineering. Through instructor-led sessions, in-company training, and coaching, our faculty of experts deliver over 1200+ programs annually, while 25,000+ professionals are equipped with up-to-date relevant education and the latest tech solutions across the EMEA region.We help our valued clients with a wide range of services, including Training Needs Analysis, Competency Development and Assessment, and custom-built e-Learning solutions that cater to specific industries and knowledge areas.LEORON mission remains boosting competitiveness of our clients worldwide through continuous learning, while we strive to achieve our vision of becoming the best quality corporate training and EdTech Company in the EMEA and the world.Whether our clients are facing difficulties re-organising their brand, equipping their workforce with an extra set of skills or aiming to assess competencies within an existing structure, our development planning is a great solution.LEORON’s mission is to help our worldwide clients boost their competitiveness by improving the competency levels of their employees, through top quality training and development solutions delivered by unrivaled global experts and facilitated by the best training managers in the industry.

Course Outline

Day 1
Thriving in Chaos Agile Insights for Financial Transformation Success

Thriving in Chaos

  • Envisioning the Future of Finance that Enables Enterprise Growth
  • Environmental scanning – identifying the key factors
  • Exploring concepts and benefits around Cryptocurrencies and what organizations can do with it
  • Dealing with an uncertain and sometimes hostile market
  • Incorporating effective Enterprise Risk Management

Agile techniques - Agile Insights for Finance Transformation Success

  • Understanding “Agile”
  • Developing an Agile mindset in Finance
  • Agile trends that will lead the near future
  • Building your Agile Finance Strategy
Day 2
Cautious Optimism: Transitioning from Cash Preservation to a Cash Excellence Culture Embracing ESG

Cash Management

Cautious Optimism: Transitioning from Cash Preservation to a Cash Excellence Culture

  • Executing processes with advanced technology like AI and real-time automation
  • Managing your organizations cash flow with data-backed decisions
  • Optimizing working capital through accounts receivable, accounts payable, and inventory
  • Automating cash management processes to uncover strategies that support your organizations objectives

Embracing ESG

  • Steering towards Sustainable Finance and Standardizing Sustainability Measures Across the Organization
  • Transitioning to a sustainable business model and how the finance function can enable this vital change
  • Rethinking the organizations underlying performance model through new accounting frameworks to facilitate the transition
  • Quantifying the financial value that is created with investments in sustainability initiatives
  • Focusing on reporting systems as a part of the transition to a sustainable enterprise
Day 3
Five characteristics of A Best-In-Class Finance Function – how does your organization compare? Steps to a World Class Finance function

Creating a World-Class Finance Organization

Five characteristics of A Best-In-Class Finance Function – how does your organization compare?

  • Structure
  • People
  • Process
  • Technology
  • Measurement

Steps to a World Class Finance function

  • Setting the standard for excellence:
  • Cross-functional transformation
  • A step up in business partnering
  • Reaping the real potential of “lean” finance
  • Leading-edge people management
  • Technology that delivers business benefit and reduced cost
  • Turning management information into real competitive intelligence

Who Should Attend?

Senior leaders within the finance function of those who aspire to a senior leadership role in the near future. The program would also be of interest to General Managers who wish to develop their understanding of Strategic Finance in the global economy.
Senior leaders within the finance function of those who aspire to a senior leadership role in the near future. The program would also be of interest to General Managers who wish to develop their understanding of Strategic Finance in the global economy.

FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +91 4 95 5711 or [email protected]
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider “LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie