Optimising financial processes

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Thank You, Phil, for your Four Drivers

A “Fireside Chat”

I ran a fascinating discussion yesterday with Phil Priest, SVP Global Shared Services at International Flavors & Fragrances (IFF).

We discussed the “4 Drivers of Business Value“, which is pretty much a “MUST” for anyone who needs to develop stakeholder alignment and support for strategies, initiatives, programs and projects.

We had a great turnout. I know some of you could not make the live event and wanted a copy of the recording, which is accessible here . . . 

Phil described the 4 levers, themes that we should always remember to align with;

  • Revenue growth & customer value
  • Operating margin
  • Asset efficiency
  • Expectations

We also talked through the two key implications, or enablers, for this way of thinking and operating;

  1. End-to-End business process behaviours, “Shift Left” thinking and “earning the right”  . . .
  2. Data & Data Driven Decision Making, and the key missing links in current approaches to “Key Business Questions”, Data “Meaning” through the lifecycle and “Data Enrichment” . . .

These topics are central to much of the work we are doing today, so if you have any questions or want any advice on these, let me know and I will connect you to the right person.

Our planned 30-35 minutes turned out to be 40 minutes, but it was a great conversation. Check it out here . . .

Best wishes for greater executive alignment and business value creation in 2023!

Thank you Phil.