Agenda
Tuesday, 12 November 2024
“Data Governance, Cost Optimisation & the Financial Impact of AI”
Please note that 1:1 meetings will be running throughout the day.
Registration & Check-In
Secure your seat in the keynote room for the day.
Welcome to the 15th CFO Edge: Data Governance, Cost Optimisation & the Financial Impact of AI
Jim Berry - CEO & Founder at ADAPTTechnology now differentiates how and when companies achieve their organisational objectives – and CFOs need to navigate and lead tech investments and operating models.
The goals of modern business are resilience, efficiency, speed, security, compliance, revenues, and data driven innovation – all while reducing costs.
Everyone is somewhere on their modernisation, data, and AI roadmap – whilst dealing with complexity and trying to simplify.
Facing challenges of technical debt, limited resources, and lack of visibility on value, and with emerging technology soon demanding more – how can you ensure your organisational policy, processes and predictions are fit-for-purpose in the digital age?
To debate how is the goal of CFO Edge – a powerful day of content and introductions – giving Australian Heads of Finance access to each other, and experts, to debate the best ways to execute on their ever-evolving role.
ADAPT Research: Welcome to the AI Jungle
Gabby Fredkin - Head of Analytics & Insights at ADAPTADAPT’s Research and Advisory service of fact-based insights are based upon 25,000 interactions and surveys of our region’s digital and IT leaders running over 60% of Australia’s GDP – more than any other advisory firm in our region. Gabby reveals the core findings distilled from your aggregated pre-event surveys and those of your executive CFO, CIO, Data, Digital and Security peers to show your common aims, investments, workload stats and funding plans – while reviewing solutions to your group challenges and barriers to delivery.
Get an Edge: Making the Most of Your Day
Tenar Larsen - Head of People & Performance, Executive ProgramsMIT Research: Four Stages of Enterprise AI Maturity and Financial Impacts – So Far
Dr. Peter Weill - Chairman at MIT CISRWhat do CEOs and CFOs want from AI, and what do they actually get? Peter will share the findings from MIT’s study on the value, maturity, and performance impact of AI. The session will include feedback on your pre-event survey questions and an instant poll on the day to help measure where you are.
In this digital and AI world of exponential change leaders need a framework to make sense of chaos, benchmarking where they are today and providing a line of sight into where they need to go. To help provide this guidance MIT CISR has created a four-stage AI Maturity model with data from over 700 firms globally. We identify the percentage of firms in each stage and describe the key characteristics and metrics by stage. We will show how financial performance improves over the four stages, with big jumps between stages two and three. Case studies illustrate the journey. Finally, Peter will ask participants to identify which stage they’re in now and how they will build the capabilities to progress through the stages to become top performers.
As Chair of CISR at the MIT Sloan School of Management in Boston, Peter’s work centres on the role, value, and governance of digitisation in enterprises. Now relocated to Australia, he consults several of Australia’s and the world’s leading CIOs, ExCos and Boards. Peter was nominated for the 2023 Thinkers-50 based on his new book, Future Ready, and was ranked by Ziff Davis as the 24th most influential person in IT and the highest ranking academic. MIT CISR undertakes practical research on how firms generate business value from digital.
Achieving Financial Excellence – Taking Advantage of AI to enhance decision confidence
Jodie Meadows - Former Chief Financial Officer at NRI Australia & New Zealand & Oracle Shilpa Bhale - Director, Strategy and Product Management at OracleIn times of rapid change, finance leaders are on the lookout for cutting-edge strategies to enable and empower their people. As finance broadens into business strategy and digital transformation, the role of finance professionals has become critical, serving as strategic catalysts for organisational growth.
Join Oracle and a Finance leader as they discuss how the finance function can leverage predictive data and automation to align more closely with the organisation’s overarching goals, driving greater growth, reducing costs, and boosting productivity. This fireside chat will also explore how leading organisations utilise their data to predict and prepare for future challenges, streamline processes, and foster a culture of innovation.
Key Discussion Areas:
- Pioneers of Excellence – How the role of finance has shifted towards driving innovation and excellence across the organisation
- AI-driven Success – How predictive analytics and reporting is playing a critical role in anticipating trends and opportunities
- Empower and Delight – Giving time back to your people though automation to streamline financial processes and reduce manual tasks
- Processes to Success – Leveraging key functions to remove administrative tasks, eliminate complexity, and reduce costs
Morning Break
Refreshments, Snacks & Connections
The 9 Steps: What Must a CFO Know and Measure for Data Privacy, Protection and Governance?
Michelle Dennedy - Chief Data Strategy Officer at ABAXX Technologies Inc.CFOs play a vital role in data governance, data protection, privacy engineering, compliance, supply chains, and metrics across every business.
We now live in a world where bad data means customer churn, making all responsible for good Data Quality and Governance frameworks.
Michelle will share 9 steps to improve the people, process, and tech components of data frameworks.
Talking on how to incorporate privacy into your organisational efforts and how to get the most out of your work.
- What are the risks in 2025?
- What needs to go into CFO metrics? How to control data and privacy risks
- Managing data governance and communication between C-level and cross functional groups
- Getting ready to cope with and manage the data and ethical impacts of AI
- Frameworks to associate a dollar $ figure with your data efforts
As a CFO, data is key to help manage uncertainty, risk, and liability.
Michelle was VP & Chief Privacy Officer at Cisco as well as McAfee, where she raised awareness and create tools to promote privacy, quality, respect, trust, and asset-level possibilities for data. As a visionary in the field of privacy and the IT industry, she brings together multifaceted approaches that provide real privacy protections to drive business value. A licensed attorney, Michelle led security and privacy initiatives, ranging from regulatory compliance, privacy engineering, advocacy and education efforts, and litigation. She is the co-author of ‘The Privacy Engineer’s Manifesto: Getting from Policy to Code to QA to Value.’
Automation and the Great Data Debate
Michael Billimoria - Managing Partner, Enterprise Technology at DXC TechnologyIn today’s rapidly evolving digital landscape, CFOs and finance leaders face unprecedented challenges in harnessing the vast amounts of data at their disposal. With financial operations and strategies hinging on real-time, accurate insights, the dilemma lies not just in managing data but in transforming it into an asset that drives growth, agility, and resilience.
This keynote panel acknowledges how automation technologies such as, Co-pilots, Intelligent Automation and data analytics are reshaping finance’s approach to enterprise data and shares insights into how DXC is tackling the data dilemma for their customers and turning complexity into progress.
A distinguished DXC panel will share stories from the field and how we are solving our customers’ data challenges, while identifying AI’s strategic potential across the vendor landscape through an SAP, Oracle, or Microsoft lens.
Discover how these technologies are innovating and empowering finance leaders to solve the data dilemma, unlocking new opportunities for innovation and paving the way for data-driven leadership.
How can Alteryx Transform Finance?
Hussein Hasan - International FP&A Director at Alteryx Paul Baptist - Deputy GM, APJ at AlteryxCFOs are facing with a barrage of challenges in today’s uncertain environment…..a looming recession, inflation risks, reduced profit margins, demanding investors and regulators and an unsettled workforce….and it doesn’t stop there!
Alteryx Analytics platform is critical to transform Finance and help CFOs not only improve cost control and productivity, but also assess risks, identify optimisation and growth opportunities, and promote enterprise-wide integration.
This session outlines how!
ADAPT Executive Insight Roundtables
Attend your pre-selected roundtable to participate in a peer discussion with confidence under Chatham House Rules moderated by an ADAPT analyst with subject matter experts.
Revolutionising Finance with Generative AI
Danielle Nguyen - Financial Services Lead & Business Architect at Oracle Julian Bird - Director and Head of Capability, Oracle Consulting at OracleThe finance sector is experiencing a transformative shift with the arrival of generative AI. CFOs are at the forefront of this revolution, leveraging AI to reshape traditional finance functions, drive efficiency, and foster innovation. This session explores exactly how this is revolutionising the finance landscape, providing CFOs with new tools and capabilities to enhance productivity, improve decision-making, and lead digital transformation.
Join Oracle as they discuss the strategic implications of generative AI for finance teams and how CFOs can navigate this new era of technological advancement. Discover how leading organisations are utilising this technology to streamline processes, reduce errors, and achieve greater alignment with organisational goals.
Key Discussion Areas:
- The AI Revolution: How AI is transforming the finance function, from financial forecasting and planning, to regulatory compliance and cash flow optimisation.
- Tech for Strategic Leadership: How CFOs are become the chief change agents, driving digital transformation and innovation within the organisation.
- Unity through Productivity: Exploring the benefits of AI-driven task automation, predictive analytics, and real-time data processing in finance.
- The Future of Finance: Envisioning the future role of AI in finance, focusing on strategic, value-added activities and continuous improvement.
Journey to the Future of Finance
Richard Payne - Financials Lead at WorkdayThe future of finance is AI-fueled, defined by hyper automation of processes and augmentation of human skills; and enabled by a workforce of prompt engineers, algorithm experts, and digital co-pilots. CEOs continuously look to CFOs for business strategies & transformation solutions that deliver the financial insights needed to drive growth & control costs. Finance must have the right data, technology, and people to be successful. Define your journey in this session to discuss shaping how the future of your work and delivering strategic impact for your businesses.
Discussion will highlight how CFOs and their Finance teams can:
- Use the transition to cloud to drive accounting & finance effectiveness
- Support accountable decision making across the organisation
- Attract & retain digital finance talent
- Responsibly leverage AI in ways that build trust & ensure a more innovative future.
Unlocking Business Value Through Finance Transformation: Driving Growth and Agility
with AccentureFinance transformation is no longer just about operational efficiency—it’s a strategic driver for business value. This roundtable will explore how modern finance leaders can leverage AI, automation, and data analytics to optimise processes, enhance decision-making, and align financial strategy with broader business goals.
By embracing digital finance transformation, CFOs can unlock new growth opportunities, reduce costs, and build agility in an ever-changing business landscape.
Participants will gain practical and local insights from Accenture’s extensive project execution on how to lead finance transformation initiatives that deliver tangible value across the organisation.
The Path to Finance Hyperautomation
Stuart Hogben - Executive Leader at FUJIFILM Business Innovation Australia Andy Sutherland - General Manager, Strategic Accounts at FUJIFILM Business Innovation AustraliaDigital Transformation is not a single event, it is a continuous evolution of the way that businesses operate, optimise, and keep their competitive edge. Automation serves as its catalyst for a dynamic and continuous process of refinement and adaptation to emerging technologies and market demands. Hyperautomation builds upon traditional business process automation and involves automating everything in an organisation that can be automated.
Join us to discuss the path that your finance department can take to achieve hyperautomation:
- How finance leaders are using hyperautomation for growth
- The role AI, including generative AI, can play alongside automation to improve operational efficiency
- How finance automation can improve customer and employee experience
- Utilising your existing platforms to start your hyperautomation journey
- Change management strategies when adopting automation
Peer Networking Seated Lunch
Lunch Roundtable: Leveraging AI to address key priorities in Finance Departments
with IBM (A boardroom session with lunch served)As businesses increasingly prioritise efficiency, accuracy, and strategic decision-making, AI emerges as a critical tool for modern finance functions.
In this roundtable discussion, Chief Financial Officers from various industries will explore the transformative role of AI in addressing the evolving priorities of finance departments, including:
- automation of Routine Processes
- enhanced predictive analytics supporting strategic decision making
- improving compliance and risk management
We will also discuss the challenges of integrating AI into finance departments, such as data quality, integration with existing systems, and the need for upskilling staff.
This roundtable aims to provide a forum for IBM and CFOs to share best practices for overcoming these hurdles and gain actionable insights into how AI can not only enhance operational efficiency but also drive strategic growth in a rapidly changing business environment.
ADAPT Executive Insight Roundtables - share with confidence under the Chatham House Rule
Attend your preselected roundtable to participate in a peer discussion moderated by ADAPT analysts with subject matter experts.
How to Maintain Financial Control in a World with AI-Enabled Cybercrime
Brooke Levay - Senior Business Development Manager at EFTsureCFOs must view cybercrime as business-as-usual, and adjust their posture accordingly. AI is enabling a new frontier of cyber-crime and fraud, including business email compromise (BEC) attacks. Attackers are targeting our employees and important business information is increasingly at risk.
Join this session with EFTsure, to hear case studies of how organisations like yours have been defrauded, and strategies to prevent it.
Aligning a Modernised Finance Function
Rosie Cairnes - Vice President APAC at Blackline Mike Goldsworthy - Principal Value Architect at BlacklineFinance and accounting (F&A) teams are navigating unprecedented challenges, often needing to achieve more with fewer resources. Modernising and replacing manual accounting practices is critical for delivering greater value and advancing organisational goals. However, many F&A leaders are uncertain about where to begin.
Join us for a roundtable discussion on the importance of digital transformation and how to lay a strong foundation for lasting change.
We’ll explore key strategies, including:
- Building an Impactful Business Case: Customise your approach to align with your business model and priorities, effectively demonstrating the need for transformation.
- Freeing Up F&A Resources: Leverage advanced technologies to streamline tasks such as reconciliations, transaction matching, and journal entries, allowing F&A teams to focus on higher-value activities.
- Adopting Continuous Improvements: Implement incremental changes that enable sustainable and manageable progress.
The Strategic Value of Finance Transformation: Are You Closing the Ledgers or Closing the Books?
Narelle Beattie - CFO at Taronga Zoo Joy Kennedy - Customer Advisor, CoE, RISE and oCFO at SAP AustraliaDelays in completing month end can be caused by data accuracy doubts and untangling complexity created by other business functions. Confident decision making is critical to the future of finance and empowerment through visibility and control to compress time to close.
Join us as we discuss:
- The Role of Finance: Explore how finance teams play a pivotal role in driving faster, better and more confident business outcomes.
- How Technical Innovation is Empowering Finance: Spotlight the importance of quickly identifiable exceptions and actionable recommendations.
- The Advantages of Cloud-Based Solutions: Explore the benefits of cloud-based solutions for innovation, agility, and cost management. 80% of common tasks infused with AI delivers time and accuracy benefits, and risk reduction.
- Benefits of Collaboration: Explore how the partnership between SAP (Joule our generative AI copilot) and the Microsoft copilot enhances user experience delivering improved productivity.
- The Strategic Value of Finance Transformation: Discuss how the transformation of finance can drive business results through better ways of working enabled by technology, attract and retain talent, and reduce costs.
Afternoon Break
Refreshments, Snacks & Connections
ERP Transformations: The Mythology, and Real Story Behind Value Creation
Jessica Eyes - Digital Leader at McKinsey & CompanyLarge technology transformations present challenges and opportunities for the CFO that is balancing transformation enablement with cost management.
What are the stories surrounding CAPEX, risk mitigation, and enhancing customer offerings, that hold true? This session from McKinsey & Company Digital Leader, Jessica Eyes, shares a fresh perspective on the myths surround technical transformations, and some of the data-based insights that dispel them.
Most importantly, Jessica will share critical interventions and key questions every CFO should ask their technology team before embarking on a technical transformation journey.
In this way Chiefs of Finance will be better equipped to make decisions that align with business goals and financial realities, ensuring that transformation delivers real, measurable benefits well into the future.
The AI Revolution in Finance: CFOs and Their Digital Minions
Prof. Marek Kowalkiewicz - Professor and Chair in Digital Economy at Centre for Future Enterprise, QUT Business SchoolProf. Marek Kowalkiewicz explores how AI is reshaping the CFO’s role in financial transformation. As organisations become “algorithmic enterprises,” CFOs must balance AI’s creative potential with financial predictability.
Key topics:
- AI-Powered Financial Ecosystems: Leveraging AI for revenue automation and predictive analytics while maintaining robust risk management.
- Digital Minions: Examining AI-driven assistants that revolutionize financial processes, potentially developing insights beyond their initial programming.
- Adaptive AI Strategies: Developing flexible AI roadmaps aligned with financial goals, anticipating rapid evolution in AI capabilities.
This session equips CFOs with insights to navigate the AI revolution, preparing for an era where AI systems offer creative solutions that may surpass their original scope. Learn to harmonise innovation with financial prudence in this new landscape.
Marek Kowalkiewicz is a Professor and Chair in Digital Economy at QUT Business School. Listed among the Top 100 Global Thought Leaders in AI by thinkers360, Marek has led global innovation teams in Silicon Valley, was a Global Research Program Lead and Founding Research Manager of SAP’s Machine Learning lab in Singapore, and a Research Fellow at Microsoft Research Asia. His newest book, “The Economy of Algorithms: AI and the Rise of the Digital Minions”, is an international bestseller.
What Is the Relationship Between AI and Accounting for Sustainability?
Dr Gayan Benedict - CTO at Salesforce, former CIO at RBAOrganisations are in an arms race for computational capability – whilst also looking for efficiencies. We all hear that AI demands compute, which demands energy and carbon intensity.
What is the relationship between AI and Sustainability? In this presentation, Gayan will explore AI drivers for emissions growth plus emerging strategies and developments that mitigate this aggressive growth trajectory in compute and energy use.
- What measures and strategies can CFOs and companies adopt to maximise the efficiency of AI?
- Estimating the economic and emissions impact of AI adoption and high resource utilisation.
- Looking at the impact of this key sustainability CFO accountability now in disclosure laws.