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Optimising financial processes

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BMW Group: Leadership Lessons in Financial Risk Management


BMW Group is one of the largest car manufacturers and arguably the most successful and esteemed car maker in the world. With the BMW, MINI and Rolls-Royce brand, it possesses three of the strongest premium labels in the automotive industry. This year the Bavarian group also claimed the title for ‘most admired’ organisation in its field in the Hay Group and Fortune Magazine’s annual World’s Most Admired Company rankings. Keeping busy, the car manufacturer is currently in preparation for its 11th annual Internal Management Conference scheduled for October 2013.

Consider Solutions has been working closely with BMW, headquartered in Munich, Germany, to further enhance their best-in-class Finance Control and Risk Assurance strategies. We are pleased to have been invited to present our experiences, vision and best practices at the 2013 BMW annual Internal Management Conference, also known as the BMW Messe. The sheer scale of the BMW Group in financial performance, global reach, business segments and brands makes for a fascinating case study. Consider Solutions and BMW have put great effort into working across a complex global landscape of businesses, process and systems to ensure clear visibility and control over the core finance processes.

We are delighted to be a part of this community of BMW trusted advisors and to work with such a world class business. BMW is a leader in the markets it serves and its world class finance processes underpin a successful business, comments Dan French, CEO of Consider Solutions.

 

Already in its 11th year, the BMW Internal Management Conference is a mature and one-of-a-kind event. It connects BMW management from all areas of the group, informing them of new capabilities, innovations and opportunities to support the ongoing success of the business. This year alone, 3,500 employees from around the world are expected to get together and participate in the interdepartmental knowledge exchange.

The BMW trade fair is a success story for BMW. We work with our suppliers and are proud of what we have achieved in the last 10 years, declares Karl Probst, Group Executive at BMW.