Previous Nominations of
SFS Team Recognition Award - Second Edition
Finance Transformation in parallel to PMIDF Transformation and accelerated business recovery
Finance Transformation in parallel to PMIDF Transformation and accelerated business recovery
The project team members within PMIDF Finance are Thibaut Antoniutti, Justyna Boczon, Claudia Marina and Volkan Yorulmaz.
Thibaut added a valuable contribution into improvement and stabilization of the new Finance Operating Model especially by focusing on constant support, control and guiding the processes on IBS side.
Justyna initiated and executed resource allocation project with the new organization setup coupled with extensive efforts to align on the headcount and personnel related cost management.
Claudia managed PwC audit with multiple parties involved due to the new Finance Operating Model coupled with flexible and agile way of operation.
Volkan provided outstanding work and results in validating and aligning full ASM for PMIDF based on new organizational setup coupled with initiatives and advanced approach to the multiple tasks and projects.
Members
Project Story
The COVID-19 pandemic created significant societal and economic disruption, and resulted in closures of stores, factories and offices, and restrictions on manufacturing, distribution and travel, all of which will adversely impact our business, results of operations, cash flows and financial position during the continuation of the pandemic. Significant risks included our diminished ability to convert adult smokers to our RRPs, significant volume declines in our duty-free business, disruptions or delays in our manufacturing and supply chain, increased currency volatility, and delays in certain cost saving, transformation and restructuring initiatives.
At the same time, Finance was re-organizing to leverage standardization and technology, free up time to partner more closely with the markets bringing business growth, better investment management and more effective cost controlling.
The project within PMIDF Finance is an example of cross-functional collaboration, where teams from PMI Business Solutions, CoE, Markets, R&C, Global Process Owners and IT groups worked hand in hand to deliver a common goal. Project Team well demonstrated all PMI energies in strength and determination to challenge and overcome the headwinds.
Throughout this project, the project team has implemented the core elements of the Finance transformation deployment blueprint, namely in PBFR (Cost Controlling, Reporting and Analysis & Revenue Forecasting), RTR & P2P (BPO), Lead-to-Cash, and most recently in Risk and Controls. In order to mature and enhance our Finance Operating Model and address the operational pain points, the project team regularly cooperated with key stakeholders to progress in stabilizing our outsourced processes and continue to strive for further simplification and automation by leveraging technology. Continuously leveraging on Integrated Business Services, driven by technology advancement and forward looking business insights were key components of this project.
To act at pace to deliver value as Co-Pilots to the business, the Project team acted in a continuous improvement mindset in a highly dynamic business environment in line with the business recovery in Duty Free. While leading this transformation journey within PMIDF, finance partners with
business acumen drove the financial performance of PMIDF business with deep expertise in creating innovative, sound financial solutions to help our business grow.
Focus Area
Benefit & Impact
- Cost Reduction Update
- Better Customer Experience
- Increase Productivity
- Increase Compliance
Previous Nominations of
SFS Team Recognition Award - First Edition
Finance Transformation in parallel to PMIDF Transformation and accelerated business recovery
Finance Transformation in parallel to PMIDF Transformation and accelerated business recovery
The project team members within PMIDF Finance are Thibaut Antoniutti, Justyna Boczon, Claudia Marina and Volkan Yorulmaz.
Thibaut added a valuable contribution into improvement and stabilization of the new Finance Operating Model especially by focusing on constant support, control and guiding the processes on IBS side.
Justyna initiated and executed resource allocation project with the new organization setup coupled with extensive efforts to align on the headcount and personnel related cost management.
Claudia managed PwC audit with multiple parties involved due to the new Finance Operating Model coupled with flexible and agile way of operation.
Volkan provided outstanding work and results in validating and aligning full ASM for PMIDF based on new organizational setup coupled with initiatives and advanced approach to the multiple tasks and projects.
Members
Project Story
The COVID-19 pandemic created significant societal and economic disruption, and resulted in closures of stores, factories and offices, and restrictions on manufacturing, distribution and travel, all of which will adversely impact our business, results of operations, cash flows and financial position during the continuation of the pandemic. Significant risks included our diminished ability to convert adult smokers to our RRPs, significant volume declines in our duty-free business, disruptions or delays in our manufacturing and supply chain, increased currency volatility, and delays in certain cost saving, transformation and restructuring initiatives.
At the same time, Finance was re-organizing to leverage standardization and technology, free up time to partner more closely with the markets bringing business growth, better investment management and more effective cost controlling.
The project within PMIDF Finance is an example of cross-functional collaboration, where teams from PMI Business Solutions, CoE, Markets, R&C, Global Process Owners and IT groups worked hand in hand to deliver a common goal. Project Team well demonstrated all PMI energies in strength and determination to challenge and overcome the headwinds.
Throughout this project, the project team has implemented the core elements of the Finance transformation deployment blueprint, namely in PBFR (Cost Controlling, Reporting and Analysis & Revenue Forecasting), RTR & P2P (BPO), Lead-to-Cash, and most recently in Risk and Controls. In order to mature and enhance our Finance Operating Model and address the operational pain points, the project team regularly cooperated with key stakeholders to progress in stabilizing our outsourced processes and continue to strive for further simplification and automation by leveraging technology. Continuously leveraging on Integrated Business Services, driven by technology advancement and forward looking business insights were key components of this project.
To act at pace to deliver value as Co-Pilots to the business, the Project team acted in a continuous improvement mindset in a highly dynamic business environment in line with the business recovery in Duty Free. While leading this transformation journey within PMIDF, finance partners with
business acumen drove the financial performance of PMIDF business with deep expertise in creating innovative, sound financial solutions to help our business grow.
Focus Area
Benefit & Impact
- Cost Reduction Update
- Better Customer Experience
- Increase Productivity
- Increase Compliance
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