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| INTERNATIONAL NEWSLETTER |
Tuesday, 24.05.2016 |
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Hello,
just four weeks ago we wrote about the great success of the 41st Controller Congress in Munich and now other big ICV congresses came to an end. On May 19-20 the 10th International Controller Congress in Poland took place. With international speakers from Poland, Croatia and Germany the congress organized for the first time by new organizational team led by Edyta Szarska united controllers from Poland and abroad. And in Serbia 400 (!) participants were guests at the 4th ICV Controller Congress Serbia (May 20). In the E-News you can read more about our events and actions.
Ihr
e-News-Team |
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Our recommendations
Dream Car Report: "Industrie 4.0"
Dream Car: "Big Data & Controllers"
Latest Dream Factory Quarterly
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| International Controller Association |
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| Anzeige |
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| You love the flexibility of Excel, but want more, Invest for Excel® is there to deliver the best practices in financial modeling! |
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- Prepare professional calculation models with financial statements and sensitivity analysis
- Introduce transparency and comparability
- Standardize investment analysis process in the whole organization, assuring that the best projects are selected for realization
- Conduct post-implementation reviews
No compromise, save time and enjoy numerous applications - from simple profitability calculations to corporate finance.
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| NEW ISSUE OF THE QUARTERLY BY THE EXPERT WORK GROUP – NOW IN ENGLISH |
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Dream Factory on Business Analytics |
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With its work the Dream Factory develops new ideas and informs new trends and new development directions in controlling and management. So far the Dream Factory focused on: Green Controlling, Behavioral Controlling, Volatility, Big Data and Industrie 4.0. Now this Expert Work Group concentrates on Business Analytics.
In May the Dream Factory prepared next issue of their quarterly „Dream Car newsletter”. The experts led by Prof. Dr. Dr. h.c. mult. Péter Horváth and Dr. Uwe Michel, both Head of the ICV Dream Factory, first go into detail about the challenges arising from business analytics, paying special attention to the role of controlling. Then, they present a standardized procedure for using business analytics. Finally, they take a look at the analysis methods used in business analytics.
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| BEST GREEN CONTROLLING SOLLUTIONS |
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Compete for the Green Controlling Award |
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As business partners controllers must work actively on achieving sustainability goals. For best innovative and effective "green" controlling solutions - eco-strategies, programs and projects - best controlling teams are awarded annually with the Green Controlling Award. The deadline for this year award is August 15, 2016 – by then you have to present your „green“ controlling solution. Describe your innovative project and the problem that you solved with your “green” controlling solution! Write about the economic and ecologic results! The best solutions will be awarded with 10.000 euro at the 30th Stuttgarter Controller Forum on September 20-21, 2016 in Stuttgart.
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| ICV CORPORATE MEMBERSHIP |
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Gain access to our international controlling community |
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Many from participants of both congresses that took place lately (41st Controller Congress in Munich and 10th International Controller Congress in Serock by Warsaw) work by ICV corporate members. Our international network of controllers and managers, with around 6,500 members, enabled them taking part in the event in special prices and sharing knowledge and experience with other controllers and CFOs from leading enterprises. Corporate Membership provides companies with access to our international controlling community through comprehensive professional education opportunities on current issues, through knowledge sharing at our conferences, via our print and online media and thanks to personal contacts in the regional work groups as well as the sector and expert work groups. Many of our offerings includ
e significant preferential pricing or are included in the annual membership fee. In this way, companies with four controllers benefit from a Corporate Membership.
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| 4TH ICV CONTROLLER CONGRESS SERBIA |
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Controller for the 21st century |
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The 4th ICV Controller Congress took place on May 20, in Belgrade. The Congress included 23 speakers from practice as well as 400 controllers and CFOs from the entire ex-Yugoslavia: Serbia, Croatia, Slovenia, Macedonia, Montenegro and B&H. The main topic was “Controller for the 21st century”. In addition to the key speakers, 3 panels were held: IT – “How much can the IT help controllers?”, CEO – “What does the CEO expect of the controller?”, MNC – “How much have foreign companies helped the development of controlling in Serbia?”. The Congress was the central controlling event in Serbia. This was a unique opportunity for networking and exchange of ideas with 400 controllers.
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| INDUSTRIE 4.0 |
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The digital transformation of Western Europe's industrial sector can create 420 billion euros in value added |
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The industrial sector's transition to Industrie 4.0 is much more than a question of technology. It will affect not only individual corporate strategy but also national economic and employment policy. The consultancy Roland Berger has published a new study, "The Industrie 4.0 transition quantified – How the fourth industrial revolution is reshuffling the economic, social and industrial model", which lays out how these effects can be visualized. The key is to look at the return on capital employed (ROCE) in the manufacturing sector. The approach shows how Industrie 4.0 can help improve profitability and ROCE simultaneously and highlights the resulting effects on companies, nations and employment.
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| PLEASE TAKE THE SURVEY! |
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Survey 2016 "International Observatory of Management Control" |
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The annual "International Observatory of Management Control" is organized for the 6th year by the French Chief Financial Officers and Controllers Association (DFCG) in partnership with Decision Performance Conseil. In cooperation with ICV they'd like to welcome the readers of the "International Controller's e-News" to attend the 2016 survey. They invite to share visions and practices of management control in order to draw up a complete analysis of the function. Diving into a digitalization of the economy, finance is transforming and more particularly the management control. The 2016 survey will not only show the fundamentals of the function but will also point out the new trends and the impact of digital on management control. The survey (English & French) is compatible with all devices. It takes 15 min
utes to complete the survey.
TAKE THE SURVEY
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| AVOIDING TIME WASTE DUE TO FAILURES |
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Presswerk 4.0: Cutting downtimes in half, making manufacturing flexible |
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It costs companies a lot of money to have machines out of operation due to failure. This applies to press shops, too, the focus of Fraunhofer’s Presswerk 4.0 project. Researchers want to employ targeted data networking in manufacturing to help employees recognize and correct failures more quickly – and reduce failure-related downtimes by at least half. Smart, connected machines balance out disturbances so that material that normally lands in the scrap pile can be processed. In the long term, researchers want to develop the system further to the point where it can issue a warning even before a fault has arisen. In order to achieve this, additional data sources are installed in the form of sensors.
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| BIG DATA NEWS |
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European Cloud Initiative to give Europe a global lead in the data-driven economy |
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Europe is the largest producer of scientific data in the world, but insufficient and fragmented infrastructure means this 'big data' is not being exploited to its full potential. By bolstering and interconnecting existing research infrastructure, the Commission plans to create a new European Open Science Cloud that will offer Europe's 1.7 million researchers and 70 million science and technology professionals a virtual environment to store, share and re-use their data across disciplines and borders. This will be underpinned by the European Data Infrastructure, deploying the high-bandwidth networks, large scale storage facilities and super-computer capacity necessary to effectively access and process large datasets stored in the cloud. This world-class infrastructure will ensure Europe participates in th
e global race for high performance computing in line with its economic and knowledge potential.
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| RUSSIA AND OECD MEMBERS |
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Mergers and Acquisitions Collapse |
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The number of mergers and acquisitions (M&A) taking place between Russian companies and companies located in countries included in the Organization for Economic Co-Operation and Development (OECD) have come to an almost complete standstill as a result of the latest political events surrounding the crisis in Crimea. In 2015, only 43 M&A transactions took place between Western and Russian businesses, fewer than ever since data collection began. These are the findings of calculations by the Centre for European Economic Research (ZEW) based on the Zephyr database of Bureau van Dijk (BvD).
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| BSC POCKET GUIDE BY FRIEDAG & SCHMIDT |
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Your chance to win a book |
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Since April 2016 there is an English pocket guide "Balanced Scorecard – The European Approach", written by Herwig R. Friedag and Walter Schmidt, available. The "International Controller's e-News" today raffles off 3 books. To get a chance to win one please send us an e-mail with the subject "Winning BSC" and your postal adress for winning case.
Friedag & Schmidt tell a story about a German non-profit-organisation and show step by step how to find a way to a common and sustainable future. You will be able to understand what a Balanced Scorecard is, its advantages, and how a strategy is developed and implemented – be it in a business company or in any other organisation.
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| SAVE THE DATE! |
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Current topics and dates from the ICV |
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The schedule of topics and upcoming dates of controlling conferences and controller's meetings can be found online on the ICV website.
Upcoming ICV EVENT: Controlling Conference Spain, 27.05.2016 (Info)
All upcoming ICV events (Info)
More about ICV WORK GROUP MEETINGS
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Published by:
International Controller Association
Münchner Str. 8, D-82237 Wörthsee,
in cooperation with the Controller Akademie AG
and the Verlag für ControllingWissen AG.
Edited by:
Anna Wlodarczyk, ICV Poland, Poznan;
Responsible editor: Hans-Peter Sander, EastWestCom, Ammersee Denkerhaus - Coworking Space, Sonnenstr. 1, D-86911 Diessen/Ammersee
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