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Five things we learnt from Randstad’s Rob Fenne

Five things we learnt from Randstad’s Rob Fenne

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Five things we learnt from Randstad’s Rob Fenne

Rob Fenne is the person responsible for ensuring Randstad’s financial reporting is reliable and on time – and that includes maintaining and updating their reporting systems. When it was time for Randstad to find a new and improved consolidation system, Rob was fearless in choosing the best tech and the best implementation partner. He chose lesser known brands over the some big names. And several years down the track, Randstad is still reaping the rewards. Here are 5 invaluable insights Rob shared with us on the call…

1. Functionality over familiarity

When choosing the new tech for Randstad’s reporting system, Rob kept a laser sharp focus on the functionality of the software. This led him to choose a lesser-known independent brand over some big players. His savvy approach led to impressive results. The number of days to close went from 10 days to 3 or 4. The new tech’s process cockpit delivered transparency in the closing process like never before. And the greatly improved accuracy of the software meant significant time savings. No more time spent fixing errors!

2. Getting the best out of tech benefits the whole organization

The above benefits mean that Rob’s team now has more time to focus on other value adding work. This has a positive impact on the entire organization. His team are now able to channel more support into operating companies, to continuously improve functionality and ensure the high performance of Randstad’s accounting systems.

3. “Consolidation in itself isn’t too exciting…”

So there it is. Rob said it himself. Even an expert leader like Rob inferred that consolidation doesn’t make his heart pound. Consolidation is something that needs to be done and done well, so that the other more exciting work can be attended to. Another reason to embrace the right tech.

4. Satriun “spoke our language, really understands issues in consolidation”

Choosing the tech is just the first step. It’s how it’s implemented that makes the difference. The people, policies and processes need to understand and embrace the tech for it to fully deliver. The implementation phase is all about people and that means you need a partner that speaks your language. That’s exactly why Rob chose Satriun, “they spoke our language and really understand the issues in consolidation”. Satriun delivered the project on time and within budget, leaving Rob “quite happy”.

5. Alignment and embracing talent at all levels is essential for roadmap success

Tech is moving fast and keeping an eye on the future is essential. Rob talked us through Randstad’s roadmap for the future, “Finance Forward”. He shared two pearls of wisdom for others looking to embark on a similar journey. Rob emphasized the importance of consensus. He invested a lot of time and energy in making sure that all CFO’s of the large operating companies were aligned. He also said that it’s important to make use of talents at all levels of the organization, highlighting the fresh perspectives of young talent.

And on that positive note, our call was done! Our thanks to Rob Fenne for his inspiration and insights.

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Finance. Transformation. Empowerment.

Finance. Transformation. Empowerment.

Events

Finance. Transformation. Empowerment.

How has the pandemic accelerated digital transformation? What does this mean for your organization? Answers to these questions & more will be provided by digital thought leader Christoph Keese, CEO at Axel Springer hy, and industry expert Lotta Pöyhtäri, Head of External Reporting at Swiss Re, during the CCH Tagetik – Finance.Transformation.Empowerment online event. This unique event for finance leaders is supported by Satriun, as Platinum partner.

Use this opportunity to get inspired by leaders of change invited to the Satriun and CCH Tagetik TOP Event 2021 Finance. Transformation. Empowerment. Speakers will share best practices, expectations and experiences on how to manage disruption and get into lead. On June 10th, find out how Axel Springer adopted digital transformation and learn you can identify growth opportunities regardless of the industry you are in – Lotta Pöyhtäri will go through all the reasons behind Swiss Re’s transformation project and the impact on its finance department empowerment.

 

Agenda

10:00 - 10:10 : Welcome Session

SPEAKERS


Jérôme Vial
Country Manager
Switzerland
CCH Tagetik

 

 


Michael Krause
Executive Partner
Satriun DACH

10:10 - 11:00 : Digital Transformation Journey

Christoph Keese is one of Germany’s best-known thought leaders on digital transformation. As editor-in-chief and manager, he drove digital transformation at leading German newspapers as well as at Axel Springer SE and is today CEO of Axel Springer hy, a digital consultancy. His keynote provides insights into how new technologies and business models change every market today. Therefore, learn more about Axel Springer’s transformation journey from a print publisher to a digital mediahouse, how the media industry disrupted itself and needs to keep re-inventing in order to survive nowadays. This Axel Springer’s “success formula” does not only apply to the media industry but can be taken into account for general learnings in other organizations. Furthermore, Christoph Keese will demonstrate during his engaging presentation, how to identify digital disruption as well as growth opportunities and exploit them to one’s own advantage in order to stay relevant not only today but also in the future. And don’t forget: Take the opportunity to ask Christoph Keese your own questions in the Q&A session following this lecture.

SPEAKERS


Axel Springer hy, a digital consultancy
CEO

11:00 - 11:30 : Swiss Re’s Transformation to Financial Empowerment

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. The organization decided to undertake a transformation journey to change to the proven CCH Tagetik solution. In this presentation Lotta Pöyhtäri, Head of External Reporting at Swiss Re, will provide you with an exclusive insight into Swiss Re’s implementation of the unified CCH Tagetik platform and how CCH Tagetik better fits into the bigger IT and reporting picture of the organization. Furthermore, she will share insights into the reasons for the change and why Swiss Re selected CCH Tagetik to empower the finance department. Lotta will also portray expectations and experiences that went with the transformation.

SPEAKERS


Head of External Reporting
Swiss Re

11:30 - 11:50 : Q&A Session with speakers Christoph Keese & Lotta Pöyhtäri

SPEAKERS


Jérôme Vial
Country Manager
Switzerland
CCH Tagetik

 

 


Michael Krause
Executive Partner
Satriun DACH

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10.06.2021 10:00

Finance. Transformation. Empowerment.

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Tagetik inTouch Online 2021

Tagetik inTouch Online 2021

Events

Tagetik inTouch Online 2021

Satriun is a proud sponsor of CCH Tagetik’s inTouch Online 2021 global conference. Achievements of both CCH Tagetik and Platinum partner Satriun were exceptional in the past year and the partnership has never thrived more. Come and learn from our experts and common customers about finance transformation and digitalisation of the Office of the CFO.

Attending this online event will provide you with the following insights:

  • Listed to the predictions of Dr. Nouriel Roubini, professor of economics at New York University’s Stern School of Business and CEO of a global macroeconomic consultancy firm based in New York and London about the COVID-economy. What does he believe a post-COVID economy will look like?
  • Discover what’s AI’s potential, what are its downfalls and most importantly, how can it help us from Inma Martinez, recognized worldwide as a leading pioneer of digital technologies and transforming industries via machine intelligence.
  • How Satriun helped Solevo Group, a leading distributor of chemicals and inputs for specific industrial and agricultural segments in Africa, to successfully complete its finance transformation while increasing efficiency in group consolidation and reporting by implementing CCH Tagetik
  • Take a virtual tour of Tokyo, exploring Japanese cuisine, cultural traditions, and must-see destinations to balm your wanderlust and be equipped for your next visit to Japan
  • Explore the latest Corporate Performance Management market trends and opportunities
  • Learn about new CCH Tagetik innovations, connect with peers, connect with Satriun Corporate Performance Management experts
  • Benefit from a 30% discount on the June CCH Tagetik Academy trainings
  • Get one-on-one meetings with Tagetik product experts
  • Attend a special concert that goes beyond traditional musical formats
  • CCH Tagetik Customer Awards Ceremony

Browse the event agenda here!

 

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19.05.2021 10:30

Tagetik inTouch Online 2021

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Weekly cash flow planning with OneStream XF at Cable Connectivity Group

Weekly cash flow planning with OneStream XF at Cable Connectivity Group

Events

Weekly cash flow planning with OneStream XF at Cable Connectivity Group

Cable Connectivity Group (CCG) uses OneStream XF for monthly consolidation and reporting. With COVID-19 drawing increased attention to short term cash flow planning,

CCG’s CFO Mark de Haas decided it was time to professionalize the existing Excel-based weekly cash flow planning process he had put in place within his company pre-COVID-19. Utilizing the power of the OneStream platform, Satriun implemented the weekly cash flow planning process that has CCG benefiting from:

 

  • Weekly updates on cash per bank account
  • Weekly updates on revenues, debtor aging, and creditor aging per operating company
  • Weekly operating company cash flow forecasts, direct method, 13 weeks rolling forward
  • Variance analysis incl. explanatory notes on the differences between last week’s actual cash flow versus last week’s forecasted cash flow
  • Consolidated weekly cash flow forecast reporting and analysis

CCG Group Controller Geert-Jan Ottenheym shares his experience with the implementation and use of the weekly cash flow forecasting process in OneStream XF, next to having the cash flow forecasting solution demonstrated live.

Geert-Jan Ottenheym

Group Controller , Cable Connectivity Group

About Cable Connectivity Group (CCG): CCG is active in the production, distribution and assembly of specialty cables and cable connectivity solutions. The operating companies operate under their own name and employ over 600 people. They have a global customer base in end-markets such as machine building, agriculture, crane- and lift industry, healthcare and medical, railway, marine, offshore, installation food & beverage, aeronautics and aerospace. Cable Connectivity Group is majority owned by Torqx Capital Partners in partnership with management and TKH Group.

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Weekly cash flow planning with OneStream XF at Cable Connectivity Group

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