22 October 2015
STAMFORD, Conn. and LUCCA, Italy
Global Appliance Manufacturer Teka Group Unifies Finance and Operational Performance
CFO Johan van der Werf details Teka’s Performance Management program in Tagetik’s upcoming Progressive CFO webinar
Tagetik, a visionary leader in global performance management software solutions, will host the webinar, “The Challenge of Unifying Financial and Operational Performance,” the fifth presentation in Tagetik’s popular Progressive CFO monthly series on Thursday, October 29 at 9.00 am EDT / 2.00 pm CET. Teo Griffioen, director of KPMG and member of KPMG’s Global Center of Excellence for Enterprise Performance Management, will interview Teka CFO Johan van der Werf on the company’s initiative to improve and consolidate financial processes and implement performance management processes throughout the global enterprise.
During the 30-minute, complimentary presentation, van der Werf and Griffioen will discuss the business challenges underlying the Teka Performance Management program, the steps taken over three years to introduce and implement changes, how the new processes have added value at the business unit and corporate levels, and the role of the CFO throughout the transformation.
“In 2014, we started the Teka Performance Management Project, with the objective of bringing greater insight and transparency to decisions related to the company’s direction and to monitor the progress of the newly implemented strategy at the Teka Group. In centralizing the company’s finance function, we also wanted to bring greater speed and accuracy to reporting and a single source of truth. We also needed to create, implement and effectively manage KPIs at all levels of the organization,” said van der Werf. “I look forward to sharing details of our journey and how technology has helped us achieve our objectives.” Van der Werf has more than 20 years of experience in international management and finance functions. In 2005, he joined Teka Group, a group with approximately EUR 0.7 billion in annual sales and 4,500 employees; the company operates 25 plants, and commercializes products in more than 100 countries.
“KPMG research shows that providing greater support to business is seen as one of the greatest opportunities for the finance function to add value,” said Griffioen. “During this interview, we’ll highlight the practices used to manage Teka’s transition at the group level, as well as at the business unit level.” Griffioen has 20-plus years of consulting experience primarily focused on financial management, enterprise performance management and business intelligence with a strong emphasis on end-to-end design and implementation to drive enterprise value for large corporations.
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